David Letterman Rips CBS Over ‘Late Show’ Cancellation
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David Ellison, an actor-turned-producer and son of centibillionaire Larry Ellison, will helm Paramount after its merger with his Skydance media company is complete.
The merger between Skydance Media and Paramount Global is now official, following final approval from the Federal Communications Commission (FCC)
Executive at Paramount Global can breathe a sigh of relief with FCC approval of its $8 billion merger with Skydance Media
The Federal Communications Commission approved the sale of Paramount Global after the buyer made pledges to showcase a diversity of viewpoints and root out alleged bias in CBS' news coverage.
After finally getting approval from the Federal Communications Commission, Skydance Media is just weeks away from completing its $8-billion merger with Paramount Global, leading to sweeping changes for some of the most iconic media brands.
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The FCC, led by Brendan Carr, said that it approved the transfer of the company's broadcast licenses to Skydance and David Ellison.
MoffettNathanson says it will be awaiting clarity on the future of Paramount+ and the linear network portfolio
Skydance separately promised to appoint a CBS News ombudsman to 'promote transparency and increased accountability' at CBS News. Skydance CEO David Ellison also has met with center-right journalist Bari Weiss.
A $20 million PSA deal for the Trump administration is reportedly now part of the Skydance-Paramount merger story. The cancellation of The Late Show with Stephen Colbert is also adding to the upheaval, as is the potential overhaul of leadership at CBS News. Kim Masters and Matt Belloni unpack the latest updates to the enduring saga.
The Oracle chairman will not have any "veto rights, or any special or outsized voting rights," per an amendment filed with the FCC