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$8 billion acquisition of Paramount by Skydance Media approved by the FCC
The Federal Communications Commission announced on Thursday the approval of a massive, $8 billion acquisition of Paramount Global by Skydance Media.
For Paramount, Hundreds of Job Cuts Loom Once Skydance Merger Is Completed
Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.
Media merger: CBS owner Paramount to enter $8.4B deal with Skydance, after lawsuit settlement with Trump; new owners commit $20 mn to pro MAGA ads
The US FCC has approved the merger of Paramount Global and Skydance Media. This deal transfers control of CBS, Paramount Pictures and other networks t
FCC approves Paramount-Skydance merger following protracted political tug-of-war
The Larry Ellison family and RedBird Capital Partners are expected to take control of Paramount in the coming days. David Ellison, 42, will serve as chairman and chief executive.
Paramount Global Co-CEO Chris McCarthy, Head of MTV Entertainment, to Exit After FCC Skydance Deal Approval
With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, a company source confirmed to Variety.
FCC Greenlights $8 Billion Paramount-Skydance Merger After Skydance Vows To End DEI Programs
Skydance said this week it planned to add an ombudsman who would review “any complaints of bias” and end diversity, equity and inclusion programs targeted by the Trump administration.
He Placated Regulators to Buy Paramount. But Can He Fix the Business?
Paramount’s cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges facing David Ellison as he takes control.
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