Tag: Skydance Media

CBS News CEO Wendy McMahon has resigned amid internal tensions with Paramount Global leadership and mounting editorial interference from controlling shareholder Shari Redstone. The clash, centered on journalistic independence at "60 Minutes" and broader issues including DEI and political coverage,…

Paramount Global and Skydance Media have extended their $8B merger agreement after failing to secure FCC approval by the April 7 deadline. All other conditions have been met, but the deal remains stalled due to regulatory uncertainty tied to a…

Paramount and Skydance are pushing to close their $8 billion merger by March 20, but they’re still waiting on FCC approval and dealing with a lawsuit from NYC pension funds. The deal includes Skydance buying National Amusements for $2.4 billion…

Josh Allen is teaming up with Skydance Sports to develop a mix of scripted, unscripted, and branded content. The Buffalo Bills QB and reigning NFL MVP says he’s excited to use his platform for storytelling, while Skydance sees him as…

Paramount's merger with Skydance got the green light from the SEC and European Commission, but it's not smooth sailing just yet. The FCC is digging into the deal, partly due to renewed political drama around CBS News, and shareholders are…

Paramount Global rejected Project Rise Partners’ $13.5 billion last-minute counteroffer and is moving ahead with an $8 billion merger with Skydance Media. PRP’s bid came too late, as Paramount’s go-shop window closed in August.

Project Rise Partners has submitted a $13.5 billion bid for Paramount Global, surpassing the $8 billion Skydance-RedBird offer backed by Larry Ellison. PRP's proposal offers higher shareholder payouts, $2 billion in financing, and commitments to grow Paramount’s workforce. The group…

Skydance Media, Paramount Global, and National Amusements are defending their $8 billion merger against FCC petitions alleging foreign influence, ideological bias, and anticompetitive practices. They argue the claims are baseless and legally unfounded, emphasizing that Tencent’s minority stake in Skydance…

Paramount Global is restructuring its distribution teams ahead of its 2025 merger with Skydance Media, integrating streaming and TV networks distribution. The move includes layoffs and follows broader cost-cutting efforts to save $500 million annually. Key executive Jeff Shultz will…

Nielsen CEO Karthik Rao addressed the firm’s contract dispute with Paramount Global, rejecting claims of "substantial price increases" and asserting that Paramount is seeking an unsustainable 50% price cut. Rao highlighted Nielsen’s investments in upgrading its measurement tools and emphasized…