The Latest Breaking News from David Ellison

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

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.’

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.

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

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

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.

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…

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.

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