Paramount’s Trump settlement criticized by Washington Post writer
Paramount’s Settlement with Trump Criticized by Washington Post Columnist Eric Wemple of the Washington Post voiced strong criticism against Paramount on Wednesday. He took issue with the company committing $16 million related to an interview with President Donald Trump for CBS News’ “60 Minutes,” which took place in October of last year. Wemple emphasized that […]
CBS News team angry about Paramount’s significant Trump settlement
Employees at CBS News are reportedly upset with a recent settlement agreement between their parent company, Paramount Global, and former President Donald Trump. The deal, which came late on Tuesday, puts an end to a $20 billion lawsuit against the network. One veteran producer from “60 Minutes,” Roma Hartman, described the settlement as a “coronavirus […]
How a hidden agreement contributed to Paramount’s $16M settlement with Trump
Paramount Resolves Controversial Lawsuit with Trump Shari Redstone’s Paramount has managed to navigate a contentious lawsuit involving President Trump, thanks in part to Skydance’s David Ellison. The son of billionaire Larry Ellison, a friend of Trump, has stepped in to oversee the Tiffany Network and will promote public service ads valued between $15 to $20 […]
Senators warn that Paramount’s resolution of Trump’s CBS lawsuit may breach bribery regulations.
Senators Voice Concerns Over Trump’s Lawsuit Against CBS This week, Senators Elizabeth Warren from Massachusetts and Bernie Sanders from Vermont sent a concerning letter to Shari Redstone of Paramount Global regarding President Donald Trump’s ongoing lawsuit against CBS News. Trump is pursuing $20 billion, alleging that “60 Minutes” interfered with an interview he had with […]
Paramount’s $8B Skydance merger faces fresh hurdles — from ’60 Minutes’ to the Teamsters
Paramount Global's $8 billion merger with Skydance Media faces U.S. regulatory approval amid controversy over “60 Minutes'' interview with Kamala Harris to opposition from Teamsters union It faces new hurdles, sources told the Post. Officials say the outlook for the mega-deal has become increasingly uncertain since Donald Trump won the presidential election. Part of the […]
Skydance boss David Ellison to chop Paramount’s three-headed CEO structure after merger: report
Paramount's three-person leadership structure will reportedly be shelved and two of its co-CEOs likely to be ousted if its $8 billion merger with Skydance Media goes through. David Ellison, who will run the combined company as Skydance's current president, chairman and chief executive officer, will oversee a major project involving the consolidation of all of […]
Exclusive | Shari Redstone paid off $186M loan to Paramount’s lenders –
Shari Redstone has paid off nearly $200 million in debt from her family's Paramount business, most of which she paid off in cash with help from tech mogul Larry Ellison, The Post has learned. . The 70-year-old daughter of the late media mogul Sumner Redstone last month paid 186 million yen to creditors of National […]
Mario Gabelli’s next move could be a lawsuit as he probes Paramount’s Skydance merger: sources
Will he or won’t he? That’s the question media insiders are now asking Paramount shareholder Mario Gabelli. Specifically, the question is whether the mercurial billionaire will file a shareholder lawsuit to block the Skydance Redbird acquisition team’s buyout of the high-profile owners of Paramount Studios and CBS and extract a better deal for himself and […]
How famed investor Mario Gabelli could wreak havoc on Paramount’s Skydance merger: ‘We want to see all the details’
The months-long negotiations over the sale of the Paramount Media empire have been filled with an exhausting number of twists and turns and are not over yet. Just ask Mario Gabelli. The famous investor is one of the media giant’s largest shareholders, and while most of his clients hold common stock, or “B shares,” some […]
How Shari Redstone’s son played a key role in Paramount’s Skydance deal
In the end, maybe David just needed to call Tyler. The merger between Shari Redstone’s famed but fading Paramount Media empire and Hollywood studio Skydance may finally be inked, but it’s not quite set in stone yet. Before the signings dry up, it’s worth asking about the possibility of another bust. Last month, after Redstone […]