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The Latest Breaking News from David Ellison

Federal regulators approve Paramount's $8 billion deal with Skydance, capping months of turmoil

Federal regulators on Thursday approved Paramount’s $8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue

The Independent UK

Trump’s FCC chair plays coy on Fox News when asked if president involved in Colbert’s cancellation

‘Look at what is happening. NPR has been defunded, PBS has been defunded, Colbert is getting canceled,’ Brendan Carr declared when asked if Trump played a role in The Late Show coming to an end.

The Independent UK

White House hits back at South Park after season premiere jabbed Trump

Long-running satire has returned after two-year hiatus with scenes depicting US president suing the fictional residents of South Park

The Independent UK

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Incoming CBS owner promises Trump’s FCC it will review ‘complaints of bias’ at news network and eliminate DEI policies

‘New Paramount's new management will ensure that the company's array of news and entertainment programming embodies a diversity of viewpoints across the political and ideological spectrum,’ Skydance’s general counsel wrote to FCC

The Independent UK

Trump’s FCC chairman gloats over Colbert’s cancellation days after meeting soon-to-be CBS owner

‘The partisan left’s ritualist wailing and gnashing of teeth over Colbert is quite revealing,” Brendan Carr tweeted Tuesday, adding that critics of the cancellation are ‘acting like they’re losing a loyal DNC spokesperson.’

The Independent UK

Cancelling Colbert, bribery, an $8bn deal: what’s going on at Paramount?

The fallout from the Trump payoff comes as a merger threatens the company’s integrity and A-list talent, such as Stephen Colbert, have already been sacrificed

The Guardian - US

CBS cancels Colbert’s Late Show amid pending Paramount-Skydance merger

Despite financial pressures on the late-night TV model, experts say the timing suggests political motives.

Al Jazeera

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CBS staff in turmoil over ‘Trump shakedown’ after Stephen Colbert and The Late Show are canceled

Exclusive: Multiple CBS staffers who spoke with The Independent said they aren’t buying the company’s claim that Colbert’s cancellation was a ‘financial decision,’ adding that the demise of the show has left ‘everyone stunned.’

The Independent UK

The Paramount comics, Colbert and Stewart, are sharp critics of the '60 Minutes' deal

Stephen Colbert returned from vacation loaded for bear

The Independent UK

Trump claims he struck side deal with Skydance for additional $16 million in ‘60 Minutes’ settlement

‘We did a deal for about $16 million plus $16 million, or maybe more than that, in advertising... It's like $32 to maybe $35 million,’ the president said over the weekend.

The Independent UK

At Paramount—as moguls, executives, and 3 CEOs struggled for control—some employees describe a brutal year

Paramount Global laid off more employees in 2024 than any of its rivals. A larger reckoning is still playing out.

Fortune

Billionaire Larry Ellison's Role In Landing Top Recruit Bryce Underwood At Michigan

Billionaire Larry Ellison is linked to helping fund the NIL deal that led to Bryce Underwood flipping his recruitment from LSU to the University of Michigan.

Benzinga

Shari Redstone To Leave Paramount Board Post Skydance Merger: Report

Both Redstone and her son, Tyler Korff, have the option to join the board of the new company but have no plans to do so, according to a report.

International Business Times

Paramount Chair Shari Redstone To Receive $180M In Severance, Benefits: Report

Paramount chair Shari Redstone is set to receive $180 million in severance pay following Skydance's acquisition of the movie company.

International Business Times

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Multichannel News

Edgar Bronfman Jr.’s Bid for Paramount Fades to Black

Withdrawal appears to clear way for Skydance to close acquisition of struggling media company

International Business Times

Skydance Accuses Paramount Of Breaching Buyout Deal Terms, Seeks Halt To Bronfman Negotiations: Report

David Ellison's Skydance is reportedly demanding that Paramount stop its negotiations with Edgar Bronfman Jr. after the latter improved his bid to acquire the entertainment titan.

The Independent UK

Paramount extending 'go shop' period by 15 days so it can review Bronfman offer

Entertainment giant Paramount Global is extending by 15 days a period where it’s allowed to assess alternative offers to its merger agreement with Skydance so that it can review a proposal from Edgar Bronfman, Jr. Paramount said late Wednesday that the “go shop” period for Bronfman will be extended until…

International Business Times

Edgar Bronfman Submits $4.3 Billion Rival Bid For Paramount Global

The bid also covers a $400 million breakup fee, which would be necessary to terminate a competing agreement that Paramount Global had previously entered into.

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Broadcasting & Cable

Is Warner Bros. Discovery's Financial Health Really 'Better Than It Appears'?

Also in this week's 'Next Text,' we kick the tires on Venu Sports' future, whether 'home entertainment' still exists ... and those who would doubt Caleb Williams

Player One

Paramount Shareholder Challenges Skydance Merger in Court

A Paramount Global shareholder filed a lawsuit against a pending deal between Paramount and Skydance Media.

Fortune

Oracle CEO Safra Catz steps down from Disney's board after Ellisons' $28 billion Paramount-Skydance deal

Billionaire Larry Ellison is helping to fund the two-step merger.

Broadcasting & Cable

Why We Can’t Be Bothered With TCA Anymore

Also in this week’s ‘Next Text,’ we ponder AMC’s long, slow march to irrelevance, the power of bundles, and Mario Gabelli’s quest to put Shari Redstone in a fishbowl

Fortune

David Ellison's Paramount merger cements the era of the 'nepo CEO'

David Ellison's Skydance Media is buying Paramount Global with help from his billionaire dad, Larry Ellison, founder of Oracle. To earn respect, he'll have to walk a tightrope.

Broadcasting & Cable

Skydance May Not Be Able To Rescue Paramount From Junk-Bond Status, Credit Rating Agencies Say

A lot of questions remain unanswered after David Ellison’s big deal, but Moody’s said it’s still ‘possible’ it could downgrade the conglomerate in the coming months

Inverse

A Huge Hollywood Upheaval Could Turn Star Trek Into the Next MCU

Paramount's merger with Skydance could completely restructure the Final Frontier. Here's how Star Trek could be impacted by this massive game-changer.

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