The Federal Communications Commission has requested that CBS-parent Paramount Global turn over footage and transcripts from a “60 Minutes” interview with former Vice President Kamala Harris — as part of its review of the company’s planned merger with Skydance Media, according to a report Friday. CBS News said it is working to comply with the … Read more
Paramount Global executives have held internal talks about settling a lawsuit filed by President-elect Donald Trump over CBS News’ interview with Vice President Kamala Harris, according to a report. Paramount, the parent company of CBS, is hoping to close its planned merger with Skydance Media in the coming months but has been sued by Trump … Read more
Skydance Media may finally win regulatory approval for its $8 billion deal to merge with Paramount Global — but the process could look like something out of “Mission: Impossible.” That’s the word from sources close to the megadeal, who tell me that under terms of a merger approval being discussed by the incoming Trump administration’s … Read more
Paramount Global’s $8 billion merger with Skydance Media faces a slew of fresh hurdles as it looks to gain US regulatory approval — from controversy over a “60 Minutes” interview with Kamala Harris to objections from the Teamsters union, sources told The Post. The outlook for the mega-deal has grown murkier since Donald Trump won … Read more
Donald Trump isn’t even in the Oval Office but the people he has selected to run his regulatory apparatus are promising big changes for deal-making, some good — on balance more approved mergers than what was allowed by the Biden peeps — and some not so good, On The Money has learned. One deal that’s … Read more
Famed money manager Mario Gabelli, one of the largest shareholders in Paramount Global, urged the Federal Communications Commission to halt its review of the transfer of broadcast licenses in the media giant’s $8 billion merger with Skydance. Gabelli requested the delay so that he could probe for “potential fiduciary and/or federal securities violations” against Paramount’s … Read more
Australia may have to wait longer for streaming platforms to produce local content, as new rules requiring them to do so have been delayed indefinitely, with no clear timeline for when work on the policy will resume. The government had initially expected to implement the new rules by July 1, 2024; however, industry stakeholders now … Read more
Paramount has been mostly out of the news lately, but that doesn’t mean nothing is going on behind the scenes in its messy, years-long attempt to sell itself before settling on a merger with Skydance Media. As is already known, Paramount owner Shari Redstone extracted a significant, nearly $2 billion payday before agreeing to a … Read more
Halo had no shortage of enemies before Paramount pulled the show’s plug. Hardcore fans hate its massive deviations from the source material. Some critics couldn’t stand the bizarre pacing and lack of heart. The show was always a mixed bag, but there were always fans hoping to see the show find its footing. While the … Read more
Media veteran Edgar Bronfman Jr pulled out of the race to take control of Paramount Global, he said on Monday. Bronfman’s bid relied on participation of high net worth individuals, who were uncomfortable sharing their personal financial information with the Paramount special committee and its advisors, a source close to the matter told Reuters. Edgar … Read more
