Tag: Paramount Global

Netflix is searching for a broadcast partner for NFL Christmas games

Netflix is trying to make a big splash in the world of live sports by securing the rights to broadcast NFL games on Christmas Day. The streaming giant has reached out to broadcasters in search of a partner to produce these games, marking its first real foray into traditional live sports. This move is driven […]

The Paramount Skydance partnership comes to an end: What comes next?

National Amusements recently called off merger discussions between Paramount Global and Skydance, leaving the legacy media giant at a crossroads in an ever-changing industry landscape. Paramount, like many other media companies, is struggling to adapt to the shift towards streaming services, competition, and a decline in traditional advertising revenue. With the departure of former CEO […]

National Amusements halts negotiations with Skydance over Paramount acquisition

National Amusements has halted discussions with Skydance regarding a proposed merger with Paramount Global, as reported by CNBC’s David Faber on Tuesday. This decision comes after National Amusements, owned by Shari Redstone, had previously agreed to merger terms with Skydance, RedBird Capital, and KKR, pending approval from Redstone. The news of the halted talks caused […]

EW Scripps considering sale of Bounce TV, a Black-culture broadcast network

E.W. Scripps, a major local TV broadcaster in the U.S., is considering selling Bounce TV, its over-the-air network targeting African Americans, following increased interest from potential buyers. This comes after Paramount Global explored selling BET Media Group last year. Scripps hopes to fetch a price in the hundreds of millions for Bounce TV, which has […]

Paramount reveals job reductions, discusses streaming joint venture plans at annual meeting

Paramount Global’s Leadership Presents Go-Forward Plan Amidst Potential Sale Uncertainty The current leadership of Paramount Global presented a go-forward plan at the company’s annual shareholder meeting, outlining strategic priorities in preparation for the event a sale of the company doesn’t happen. The Office of the CEO, comprised of CBS CEO George Cheeks, Paramount Media Networks […]

Paramount and Skydance reach agreement on merger deal

Paramount and Skydance Merger Sparks Industry Speculation The recent announcement of a potential merger between Paramount and Skydance has sent shockwaves through the entertainment industry. CNBC’s David Faber reported that both companies have come to terms on a deal that could see the creation of a new powerhouse in the film and media landscape. The […]

Sources: Paramount and Skydance progress towards a merger agreement

Paramount Global and Skydance Media are in talks to merge and buy out controlling shareholder Shari Redstone, according to sources familiar with the matter. The deal would involve valuing Skydance at $5 billion and merging it with Paramount Global, with Skydance CEO David Ellison potentially taking over as CEO of the combined company. Private equity […]

Paramount CEO Bob Bakish’s Future in Question as Skydance Merger Negotiations Progress

The recent news surrounding Paramount Global and its CEO, Bob Bakish, has sent shockwaves through the entertainment industry. Reports suggest that the board is preparing to oust Bakish as soon as Monday morning, signaling a major shakeup within the company. One of the primary reasons cited for Bakish’s impending departure is the lack of trust […]

Skydance prolongs final proposal to Paramount as merger discussions continue

The recent shakeup at Paramount Global, with CEO Bob Bakish being replaced by a trio of executives in the “Office of the CEO,” has sent shockwaves through the entertainment industry. The decision to remove Bakish comes at a crucial moment as Paramount Global closes in on a merger agreement with Skydance Media. This move has […]

Bob Bakish, CEO of Paramount, Resigns

Paramount Global CEO Bob Bakish Steps Down as Merger Talks Continue Bob Bakish, the president and chief executive officer of Viacom, announced on Monday that he will be stepping down from his position at Paramount Global. This decision comes as the company continues negotiations with Skydance Media regarding a potential merger. Bakish has been with […]

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