Paramount Global for sale latest - Variety; Meet the New Boss: Inside CBS Following the Skydance-Paramount Merger

Story from Variety:

As the Emmy Awards arrive, CBS is catching its breath.

Paramount Global for sale latest - Deadline: Jon Stewart Returns To ‘The Daily Show’ After Summer Break With Quips About Paramount-Skydance Merger

Story from Deadline:

Jon Stewart, ever the happy employee in his running joke of begrudgingly working Monday nights at The Daily Show, ruefully acknowledged being back at his post after being on vacation for over a month.

Paramount Global for sale latest - Cord Cutters News: Paramount Wants to Make MTV Cool Again

Story from Cord Cutters News:

In a bold move to recapture its former glory, Paramount, now under the leadership of Skydance Chief Executive David Ellison, is setting its sights on revitalizing MTV, the iconic cable network that once shaped America’s pop culture landscape.

Paramount Global for sale latest - Variety: Paramount Mandates Five-Day-a-Week Return to Office Ahead of Massive Cost Cuts

Story from Variety:

Paramount Skydance doesn’t want to keep all of its workers — but for those who are going to stay with the media giant, it wants them to stay very close.

Paramount Global for sale latest - Variety: Paramount Skydance Hires BCG Partner Jeff Silberman as SVP of Corporate Strategy

Story from Variety:

Paramount Skydance, continuing to round out its management ranks, has hired Jeff Silberman as senior VP of corporate strategy.

Paramount Global for sale latest - Deadline: Paramount Job Cuts In Excess Of 2,500 Coming In November, With Cost Savings To Exceed $2 Billion

Story from Deadline:

The Skydance-owned Paramount is expecting to begin pink-slipping around November, we understand.

Paramount Global for sale latest - Deadline: Apple TV Executive Chris Parnell Joins Paramount+ As EVP Originals

Story from Deadline:

Paramount+‘s Head of Originals Jane Wiseman has made her first move with a high-profile hire.

Paramount Global for sale latest - Deadline: House Democrats Press Paramount’s David Ellison For Details On Donald Trump Lawsuit Settlement And Stephen Colbert Cancellation

Story from Deadline:

Two House Democrats are the latest lawmakers seeking details of how the Paramount–Skydance merger cleared the FCC shortly after a $16 million settlement of Donald Trump‘s lawsuit against CBS.

Paramount Global for sale latest - New York Post: Shari Redstone hoped Trump’s ‘60 Minutes’ suit would root out anti-Israel bias at CBS News — and she sold Paramount partly over Oct. 7

Story from New York Post:

Shari Redstone said she believed President Trump’s lawsuit against CBS News could help address the network’s anti-Israel bias — even as she revealed that it was the Oct. 7 terrorist attacks that finally moved her to sell CBS parent Paramount.

Paramount Global for sale latest - New York Post: Ex-CBS reporter rips network’s ‘bias’ after Shari Redstone expressed concerns over Biden interview

Story from New York Post:

Former CBS News investigative reporter Catherine Herridge called out the network after a report revealed that Shari Redstone expressed concerns that “60 Minutes” may have downplayed President Biden’s mental decline during a sitdown in 2023.

Paramount Global for sale latest - Hollywood Reporter; Shari Redstone on Trump Side Deal With Paramount: “I Hope It Isn’t True”

Story from Hollywood Reporter:

As Shari Redstone steps away from studio mogul life following the sealing of the $8 billion deal to transfer ownership of Paramount Global to Oracle heir David Ellison and his Skydance Media, she’s now ready to go public on that 13-month process.

Paramount Global for sale latest - Variety: Shari Redstone Defends Paramount’s $16 Million Settlement With Trump as ‘No-Brainer’

Story from Variety:

Shari Redstone said the decision for Paramount Global, the media conglomerate she just sold to Skydance Media, to pay President Donald Trump $16 million to settle his lawsuit against CBS was a “no-brainer” — and she had expected the company to pay far more to the sitting president to make the litigation go away.

Paramount Global for sale latest - Broadband TV News: CBS News staff are bracing for possible layoffs

Story from Broadband TV News:

CBS News staff are bracing for possible layoffs as its parent company, now part of Paramount Skydance, moves ahead with $2 billion in cost cuts due to declining traditional TV ad and distribution revenue, reports Variety.

Paramount Global for sale latest - Variety: Paramount Skydance Shares End Roller-Coaster, Memestock-Fueled Week Up 30%, Boosting Market Cap by $2 Billion

Story from Variety:

Paramount Skydance, over its first full week on the stock market under new owners, saw its stock jump 30% — and boomed as much as 60% in intraday trading Wednesday.

Paramount Global for sale latest - Deadline: Paramount+ Opening Up To Outside Studios, May Experiment With Release Patterns, Won’t Try To Replicate CBS-Style Programming

Story from Deadline:

Paramount+ is once again a real buyer following Skydance’s acquisition of the streamer’s parent Paramount Global.

Paramount Global for sale latest - Deadline: As Paramount Stock Surges, David Ellison Leans Into “Long Term” Approach In L.A. Meet & Greet; Praises CBS News As “Home Of Walter Cronkite”

Story from Deadline:

“We’re in the business of long-term value creation,” David Ellison proclaimed Wednesday as the stock of his newly minted Paramount, A Skydance Corporation leaped double digits in the first week of his reign.

Paramount Global for sale latest - Deadline: Shari Redstone Sued By Paramount Investor Mario Gabelli Over Terms Of Skydance Deal

Story from Deadline:

Mario Gabelli, the longtime fund manager who has made noise over the past two years about the terms of the Paramount-Skydance merger, has sued former Paramount controlling shareholder Shari Redstone.

Paramount Global for sale latest - Deadline: Paramount Layoffs Will Be “Painful” But One & Done, Jeff Shell Promises; David Ellison Keeps Timeline Private For Now

Story from Deadline:

Looking to save $2 billion and having handed out more than $9 billion to UFC and the South Park guys in the last two weeks, everybody knows that David Ellison’s Paramount is going to have to make some deep cuts.

Paramount Global for sale latest - Deadline: Paramount Stock Skyrockets As Top Execs Meet Media In L.A.

Story from Deadline:

Paramount stock, newly constituted on the Nasdaq under the PSKY ticker symbol after last week’s close of the Skydance merger, surged more than 30% late in Wednesday’s trading session.

Paramount Global for sale latest - Deadline: New Paramount Execs Address CBS News Independence; Ombudsman Will Be “A Transparency Vehicle, Not An Oversight Vehicle”

Story from Deadline:

New Paramount CEO David Ellison said that he had “no interest” in wading “into the political spectrum” with CBS News, as he and other executives addressed the independence of the news division under the new company.