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Paramount Skydance said it will make $1.5 billion in programming investments next year in its first quarterly results for the combined company since the completion of the $8.4 billion merger. Shares of the company were up 7% in trading after the bell. Paramount Global and Skydance Media completed their merger in August, installing new leadership at the media […]
Paramount Skydance will begin firing 1,000 employees on Wednesday — the first phase of sweeping layoffs that will ultimately eliminate about 2,000 positions as CEO David Ellison pushes to trim $2 billion in costs. The firings mark the first major restructuring since Skydance Media completed its $8.4 billion merger with Paramount Global in August, creating […]
Paramount Skydance is working with an investment bank as it prepares an offer for Warner Bros. Discovery, according to people familiar with the matter. Warner Bros. Discovery had yet to receive an offer as of Thursday, according to people familiar with the matter, who spoke on the condition of anonymity to discuss nonpublic dealings. A […]
The Federal Communications Commission on Thursday gave the green light to the $8.4 billion merger between Paramount Global and Skydance Media – finally clearing the way for a deal that had been throttled by allegations of bias against CBS News. The merger, expected to be completed in the next few weeks, will give independent film […]
Skydance CEO David Ellison has reportedly held talks with Bari Weiss to buy her online news site The Free Press — fueling growing speculation that he is wooing the right-of-center voice to join CBS News once his company’s long-stalled merger with Paramount is approved. The discussions are in the early stages, a source close to […]
Skydance Media boss David Ellison has been striking an upbeat tone in his quest to purchase Shari Redstone’s Paramount, On The Money has learned. The budding movie mogul’s quiet confidence to media insiders in recent days may seem a bit odd for regular readers of On The Money. We’ve been chronicling how the $8 billion […]
Skydance Media may finally win regulatory approval for its $8 billion deal to merge with Paramount Global — but the process could look like something out of “Mission: Impossible.” That’s the word from sources close to the megadeal, who tell me that under terms of a merger approval being discussed by the incoming Trump administration’s […]
Paramount’s three-headed leadership structure will reportedly get shelved once the $8 billion merger with Skydance Media goes through — with two of the co-CEOs likely getting pushed out. David Ellison, the current Skydance boss who will run the combined company as chairman and CEO, is planning a massive shakeup that could involve combining all of […]
