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The Latest Breaking News from Shari Redstone

Bob Bakish was ousted by Paramount after clashing with Shari Redstone and he still got rewarded with a $69.3 million golden parachute

Bakish earned $86.96 million in 2024, up from $31.3 million the year prior.

Fortune

Top producer at 60 Minutes quits over lack of ‘journalistic independence’ amid Trump feud with long-running program

Shocked staffers ‘liked that Bill didn’t bend the knee to Trump, [his lawsuit] settlement and corporate overlords who wanted him to apologize,’ a source told The Independent

The Independent UK

'60 Minutes' Producer Resigns Citing Editorial Pressure: 'I Would Not Be Allowed to Run the Show as I Have Always'

CBS News entered a new phase of internal upheaval on Tuesday following the resignation of "60 Minutes" executive producer Bill Owens

Latin Times

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‘60 Minutes’ chief says he won't apologize as part of any Trump settlement

‘The company knows I will not apologize for anything we have done,’ 60 Minutes executive producer Bill Owens told show staffers on Monday.

The Independent UK

Paramount may reportedly settle Trump's $10 billion lawsuit against CBS so his administration doesn't try to block its planned merger with Skydance

President Trump is suing companies and they’re settling. Paramount could be next.

Fortune

Will CBS News' parent company settle Trump’s ‘frivolous’ 60 Minutes lawsuit to secure huge merger?

Paramount head Shari Redstone stands to clear billions of dollars once the merger with Skydance Media goes through.

The Independent UK

Shari Redstone is saying goodbye to Paramount Global

Redstone reached an $8 billion deal to merge Paramount with Skydance Media last year.

Fortune

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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

Paramount-Skydance merger faces a new challenge over concerns about a China-based investor

Proposed Hollywood studio merger between Paramount and Skydance Media has received a new challenge this week.

Fortune

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

CBS interview creates Paramount rift

Tony Dokoupil sparred with Coates in a tense interview around the author's account of the war in Gaza

Salon

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

Path clears for Paramount merger with Skydance after Bronfman drops bid

Ex-Warner Music chief had formed consortium to gazump planned deal but some would-be investors withdrew

The Guardian - UK

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

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

Multichannel News

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The Guardian - UK

Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

The Guardian - US

Paramount Global receives $4.3bn takeover offer from Edgar Bronfman Jr

Veteran media executive’s bid would scupper Hollywood media empire’s planned merger with Skydance Media

TV Tech

Bronfman Makes $4.3B Bid for Paramount

Paramount and its main shareholder had previously accepted a bid from Skydance Media

Multichannel News

Edgar Bronfman Makes $4.3 Billion Bid For Paramount

Shari Redstone’s National Amusements gets $2.4 billion

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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.

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.

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

Multichannel News

Mario Gabelli Wants Same Price for Paramount Voting Shares That Shari Redstone Got

Skydance paying $1.7 billion for National Amusements

Fortune

Who is David Ellison? Heir to the Oracle fortune celebrates clinching $28B Paramount deal

Oracle founder Larry Ellison’s son, David Ellison, announced he reached terms to acquire a controlling stake in Paramount.

Multichannel News

David Ellison Spells Out Goals for ‘New Paramount’

Plan is to create a media-technology hybrid and cut costs by $2 billion

TV Tech

Skydance, Paramount to Merge in $8B Deal

Merged venture, named ‘New Paramount’ will be led by David Ellison as Chairman/CEO and Jeff Shell as President

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George Stephanopoulos

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