Paramount shareholder sues Skydance Media over merger
The lawsuit, filed in Delaware, claims the proposed merger stands to substantially benefit one person: Shari Redstone
Jeffrey Shell is the former chief executive of Comcast’s media and entertainment division NBC Universal. He resigned in April 2023.
The lawsuit, filed in Delaware, claims the proposed merger stands to substantially benefit one person: Shari Redstone
Networks like CBS and Comedy Central that nurture hit TV franchises and have lucrative live sports rights are likely safe for the long-term, but the future is hazy for other Paramount-owned channels.
Former NBC Universal CEO Jeffrey Shell will lead Paramount in an executive role once the merger with Skydance Media is complete.
The claim filed by CNBC’s Hadley Gamble led to the firing of NBC Universal CEO Jeffrey Shell last month.
The complaint went on to detail systemic harassment and bullying of female colleagues by others at CNBC, according to the New York Times.
Shell was reportedly involved with a CNBC international correspondent for more than a decade, with the affair exposed after a complaint.
Peacock now has at least 18 million customers who are paying for the premium tier of the service, an executive said on Monday.
The chief executive of NBC Universal took aim at defunct streaming rival Quibi, noting that his own company’s service Peacock has “stuff people want to watch.”