UPDATED with internal memo: Paramount Global’s co-CEOs told employees Friday that they expect an August 7 closing date for the company’s merger with Skydance, praising staffers’ efforts during the grueling process of getting the deal done. The companies had earlier confirmed the expected closing date, which follows an epic, years-long effort to sell the home…
After a long, complicated slog toward Thursday’s FCC approval, Paramount Global and Skydance Media will now face a number of tricky questions in becoming one company. While the $8 billion-plus transaction will need a few more days to become official, several strategic dilemmas have already been percolating. Here are the biggest questions the new leadership…
UPDATED, with John Dickerson comments: The news that Paramount Global will settle Donald Trump‘s 60 Minutes lawsuit for $16 million certainly did not come as a shock to staffers at CBS News. For months, there has been a great deal of consternation and even resignation at the prospect of a settlement and the impact that…
In the aftermath of the company’s $16 million settlement of a lawsuit filed by President Donald Trump, Paramount Global CEO George Cheeks told shareholders that there was a reason to do so, even if CBS had long argued that the litigation was meritless. With its merger with Skydance near the finish line, the agreement “allows…
Scott Pelley said that a settlement of Donald Trump‘s lawsuit would be “very damaging” to the reputation CBS and Paramount, while the 60 Minutes correspondent also defended a recent commencement speech where he warned of the threats to freedom of speech. Appearing on CNN‘s post show following the live telecast of Good Night, And Good…
Donald Trump‘s legal team made its latest filing in his lawsuit against CBS as settlement negotiations continue between network parent Paramount and the president’s team. Sources said that an opening offer to Trump has been made, in the eight figures, but that the discussions are still in the early stages. Meanwhile, Trump’s team faced a…