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The Latest Breaking News from Skydance Media

Paramount is laying off more U.S. workers in its second downsizing effort in the past year

Latest round of layoffs follow two waves of cuts last year.

Fortune

60 minutes host issues dire warning over multimillion-dollar CBS settlement with Trump

Veteran journalist says ‘the country is doomed’ without ‘courage’ from journalists to speak truth to power

The Independent UK

Paramount–Skydance Merger in Crisis: Trump Lawsuit and Cost Cuts Jeopardise Deal

Paramount's board is wary of approving a settlement that could be seen as a bribe while awaiting FCC clearance.

International Business Times UK

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Democrats warn Redstone Paramount talks with Trump over CBS Kamala Harris interview may be bribery

‘If Paramount officials make these concessions in a quid pro quo arrangement to influence President Trump or other Administration officials, they may be breaking the law,’ the senators wrote to Shair Redstone

The Independent UK

Host of CBS’s 60 Minutes rebukes corporate owners Paramount on-air

Scott Pelley castigated network over independence pending sale to Skydance Media requiring Trump’s approval

The Guardian - US

I just rediscovered this disaster thriller in Netflix’s top 10 — and it’s somehow both under and over the weather

I just rediscovered the disaster thriller “Geostorm” in Netflix’s top 10, but there’s a problem. Here’s everything to know about this movie.

Tom’s Guide

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

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Shari Redstone is saying goodbye to Paramount Global

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

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

Paramount Begins Second Round Of Layoffs To Trim 15% Of Workforce: Report

A total of about 2,000 workers are losing their jobs to reduce annual costs by $500 million ahead of a merger with Skydance Media.

International Business Times

Path Cleared For Skydance Media's Paramount Takeover As Edgar Bronfman Exits Bid

Paramount's board, through its special committee, confirmed the conclusion of the "go shop" period.

International Business Times

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

The Guardian - US

Bronfman Makes $4.3B Bid for Paramount

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

TV Tech

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.

International Business Times

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news in one place.

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International Business Times

Paramount Global To Cut 15% Of US Staff, Take $6B Write-Down Ahead Of Skydance Merger

The decision will affect around 2,000 employees over the coming weeks.

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

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.

Creative Bloq

Paramount’s potential new logo is the opposite of a glow-up

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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.

International Business Times

It's Official: Skydance Media And Paramount Global Announce Merger In Groundbreaking Deal

Shari Redstone, Paramount's non-executive chair, will relinquish the family's controlling stake through a complex transaction that will lead to the merger.

The Independent UK

Paramount Global owner calls off merger talks with Skydance Media

National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media

Multichannel News

Shari Redstone’s National Amusements Says Paramount-Skydance Deal is Dead

Statement from family holding company says they were ‘not able to reach mutually acceptable terms'

TV Tech

Paramount, Skydance Deal Collapses

Parent company National Amusements has issued a statement saying they were "not been able to reach mutually acceptable terms"

Fortune

Meet Gerry Cardinale, the investor behind Skydance Media’s bid for Paramount

The RedBird Capital CEO honed his approach to IP at Goldman Sachs by building untraditional IP portfolio and via friend Bob Iger, CEO of Disney.

Fortune

Bob Iger schooled him on Disney's grand theory of IP. Now Gerry Cardinale is backing Skydance Media's $8 billion bid for Paramount Global

Cardinale's RedBird Capital Partners is an "IP monetization engine" that has partnered with celebrities from LeBron James to Ben Affleck. “I think he's focused on world domination,” says one collaborator.

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