Skydance open to hire ‘bias’ monitor to get FCC approval for Paramount merger: sources
Skydance executives acknowledge what money has learned to get approval for a merger with Shari Redstone's Fading Media Empire Paramount Global to ease bias and, above all, concerns from the Trump administration. The Ombudsman concept – essentially a layer of control that ensures news content remains free of political bias – may appease Federal Communications […]
Skydance exec Jeff Shell pressed CBS News to release ’60 Minutes’ Kamala Harris transcript ahead of Paramount merger: report
Skydance's media executive Jeff Shell has pressured CBS News Brass to release a “60 Minutes” transcript ahead of the company's merger with network parent Paramount Global. Shell, who will grab the reins as president of the merged company, pushed CBS News chief Wendy McMahon and “60 Minutes” boss Bill Owens to release a transcript of […]
Judge opens door to possible bidding war for Paramount as it scrambles to close $8B Skydance merger
A Delaware judge on Monday opened the door to the possibility of a new bidding war for Paramount Global, which could block the media giant's $8 billion deal to fuse with Hollywood film studio Skydance Media. Earlier last month, the New York City Public Pension Fund was sued to block the SkyDance merger agreement. Due […]
Paramount, Skydance hit back at critics of their pending merger
Paramount Global and Skydance Media said in a regulatory filing Thursday that the companies have not shown that they would be adversely affected by the merger, but rather that the request threatens free speech and that the pending He fired back at those who criticized the merger. Since the $8 billion deal was announced in […]
Skydance Media close to $8 billion deal to merge with Paramount Global
Skydance Media may finally get regulatory approval for its $8 billion deal to merge with Paramount Global, but the process could be a bit like 'Mission: Impossible' do not have. That's the word from people close to the mega-deal, who say that under the terms of the merger approval, which is being discussed by the […]
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 […]
Major Paramount shareholder Mario Gabelli urges FCC to delay key decision on Skydance merger
Prominent money manager Mario Gabelli, one of Paramount Global's largest shareholders, has urged the Federal Communications Commission to halt its review of media giant Paramount Global's transfer of broadcast licenses in its $8 billion merger with Skydance. requested the association. Gabelli requested a delay to investigate “possible fiduciary and/or federal securities violations” against Paramount's minority […]
Larry Ellison will control majority of Paramount as result of Skydance deal
Billionaire technology and media mogul Larry Ellison will control more than two-thirds of both companies in a megamerger underway between conglomerates Paramount and National Amusements and film production company Skydance. Ellison has reportedly invested more than $6 billion in the deal, which will give him control of just over 77% of National Amusements, Bloomberg reports. […]
Shari Redstone to get whopping $180M in severance, benefits after Skydance deal: report
Paramount Global Chairman Shari Redstone will receive $180 million in severance and other benefits, in addition to the millions she made from the sale of her National Amusements stake to Skydance Media. Bloomberg News reported. Thursday. Redstone reportedly holds a 20 percent stake in Paramount's controlling shareholder, National Amusements, through two trusts in his own […]