Paramount agrees to settle Trump lawsuit for $16 million
Paramount Global says it will pay $16 million to settle a news distortion lawsuit brought by President Donald Trump last year.
Skydance Media
Press rights group threatens lawsuit against Paramount
The Freedom of Press Foundation claims it owns Paramount stock, and will file a derivative lawsuit if the company settles a news distortion case brought by President Trump last year.
Senators probe Redstone, Paramount amid Trump lawsuit
A trio of U.S. Senators have expressed concern that Paramount Global may have violated federal anti-bribery laws with respect to the entertainment giant’s ongoing lawsuit involving President Donald Trump.
FCC engages Paramount on remedies leading to Skydance Merger
Officials at the federal agency are discussing Paramount’s diversity and equity initiatives, as well as a news distortion complaint lodged against its New York TV station.
Pension firms sue Paramount over Skydance Media deal
A group of New York pension funds is suing Paramount Global over its blockbuster merger with Skydance Media.
Paramount to consolidate businesses, end co-CEO structure
Executives believe the merger will happen sooner than expected, anticipating an easier time with regulatory scrutiny once President-elect Donald Trump takes office.
Filing details Paramount CEO’s pre-merger talks with WBD, Allen Media
The media giant settled on a tie-up with Skydance Media, but not before holding talks with others.
Former contractor sues Paramount over September layoffs
The California worker says Paramount failed to provide adequate notification as required under a New York state labor law.
NFL weighs sale of media business to Skydance, RedBird Capital
The NFL is discussing a possible divestiture of its NFL Media brand and related properties to Skydance Media and Redbird Capital Partners, according to a report.
Paramount begins second wave of layoffs
Paramount Global is moving forward with a second wave of layoffs, impacting around 15 percent of its remaining workforce.
Ex-Warner Music Chair Edgar Bronfman withdraws bid for Paramount
Former Warner Music Chairman Edgar Bronfman, Jr. is withdrawing his bid for Paramount Global.
Skydance lawyers complain about Paramount’s evaluation of Bronfman’s bid
Attorneys for Skydance say Paramount’s board committed a “material breach” of their transaction agreement by expanding the “go-shop” window from 45 days.
Bronfman raises bid for Paramount, now offers $6 billion
The former Warner Music chairman has sweetened his offer for Paramount, which includes allowing non-voting shareholders to cash in their stock.
Edgar Bronfman, Jr. submits bid for Paramount Global
After weeks of speculation, media executive Edgar Bronfman, Jr. has made his play for Paramount Global.
Edgar Bronfman Jr. courts Fortress, Roku in bid for Paramount
Edgar Bronfman, Jr. is reportedly still interested in making a play for Paramount Global.
Former Warner Music chair Edgar Bronfman, Jr. still interested in Paramount
The bid would involve spending $2 billion to $2.5 billion in order to acquire National Amusements, Paramount’s largest shareholder.
Paramount shareholder sues Skydance Media over merger
The lawsuit, filed in Delaware, claims the proposed merger stands to substantially benefit one person: Shari Redstone
Post-merger cuts could target TV networks at Paramount
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.
Jeffrey Shell to serve as Paramount president following Skydance merger
Former NBC Universal CEO Jeffrey Shell will lead Paramount in an executive role once the merger with Skydance Media is complete.
Skydance reaches tentative deal to acquire Paramount for $1.75 billion
The deal would involve a purchase of National Amusements, then an immediate merger with the famed movie studio.
Skydance Media merger with Paramount appears dead
National Amusements owner Shari Redstone has ended discussions with Skydance Media about offloading her controlling stake in Paramount Global.
Paramount could cut jobs if Skydance merger falls through
Paramount is likely to eliminate some jobs amid a corporate restructuring if its proposed merger with Skydance Media falls through, executives affirmed this week.
Paramount, Skydance reach agreement on merger framework
Paramount and Skydance Media have agreed to a framework for a proposed merger that could be announced in the coming days.
Skydance offers revised bid for Paramount Global, report says
The revised bid comes several weeks after pre-merger discussions between Skydance and Paramount exited a window of exclusivity.
Sony, Apollo to sell Paramount-owned TV networks if deal approved
CBS, MTV and Paramount Plus could be divorced from the Paramount Pictures, according to a report.
Sony, Apollo offer $26 billion in cash for Paramount
Sony and Apollo Global Management have formalized their $26 billion all-cash bid for Paramount Global.
Paramount misses on revenue, TV business sees lift from Super Bowl during Q1
Paramount Global’s CEO Bob Bakish will depart from the company on Tuesday; the company missed revenue estimates during Q1, but beat on earnings.
Paramount CEO Robert Bakish likely out this week
Paramount CEO Bob Bakish could be replaced as soon as this week, according to a report published over the weekend.
Shareholder group sends legal demand to Redstone over Paramount-Skydance merger
The cease-and-desist letter was sent by an attorney representing Aspen Sky Trust on Wednesday.
Four to depart Paramount Global board amid Skydance merger talks
Dawn Ostroff, Frederick Terrell, Rob Kleiger and Nicole Seligman are said to be leaving Paramount’s board in the coming weeks.
Another investment firm criticizes Paramount-Skydance merger talks
Aspen Sky Trust characterized Skydance’s offer as “undervalued,” one that would benefit Shari Redstone over other shareholders.
Shareholder criticizes Paramount board’s focus on Skydance deal
Matrix Asset Advisors complained the deal would substantially benefit Shari Redstone to the possible detriment of shareholders.
Ex-NBC boss Jeff Shell could head to Paramount post-Skydance merger
The deal would likely include RedBird Capital Partners, where former NBC Universal boss Jeff Shell overseas sports and media investments.
Paramount Global will pursue merger with Skydance Media
The decision comes despite an offer from Apollo Global Management to buy the company for $26 billion.
Skydance owner makes preliminary offer to acquire Paramount parent company
The offer is contingent upon merging the Paramount brand with Skydance Media, according to reports.
Skydance pursues deal to acquire Paramount parent company
Skydance Media is said to be plotting an all-cash offer for Paramount Global’s parent company, National Amusements, according to reports.