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The Latest Breaking News from Shari Redstone

Paramount Global Agrees to Merge with David Ellison’s Skydance, Jeff Shell Named President

Complex deal is valued at around $8 billion and will take control over Par out of Redstone hands for the first time since 1987

Multichannel News

Reports: David Ellison Nears New Deal for Paramount

Ellison’s Skydance Media would pay $1.75B for Paramount’s holding company National Amusements

TV Tech

National Amusements Strikes Preliminary Deal To Sell Paramount Stake To Skydance Media

The proposed new deal, valued at $1.75 billion, involves Skydance acquiring National Amusements' 77% voting shares in Paramount.

International Business Times

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David Ellison Forges New Agreement To Buy Paramount Holding Company National Amusements

Two sides also reportedly agree to 45-day period during which NAI and the Redstone family can shop for better offers

Broadcasting & Cable

Is Charles Barkley's Retirement Declaration Believable … or Bluff?

Also in this week's 'Next Text,' we examine the Rube Goldberg workings of Skydance's doomed Paramount purchase, Lakers owner Jeanie Buss' unseemly ghosting of NBA GOAT Jerry West, and some cool trinkets from Apple's World Wide Developers Conference

Broadcasting & Cable

Paramount Ends Merger Talks With Skydance Amid Dispute Over 'Noneconomic Terms'

The deal was on the verge of completion when National Amusements' lawyers sent an email to Paramount's special committee, announcing the termination of talks.

International Business Times

Paramount Global owner calls off merger talks with Skydance Media

National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media

The Independent UK

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Shari Redstone’s National Amusements Says Paramount-Skydance Deal is Dead

Statement from family holding company says they were ‘not able to reach mutually acceptable terms'

Multichannel News

Paramount, Skydance Deal Collapses

Parent company National Amusements has issued a statement saying they were "not been able to reach mutually acceptable terms"

TV Tech

Bob Iger schooled him on Disney's grand theory of IP. Now Gerry Cardinale is backing Skydance Media's $8 billion bid for Paramount Global

Cardinale's RedBird Capital Partners is an "IP monetization engine" that has partnered with celebrities from LeBron James to Ben Affleck. “I think he's focused on world domination,” says one collaborator.

Fortune

Hollywood giant Paramount Global braces for new era as bidders circle

Chair Shari Redstone weighs future of media empire behind Paramount Pictures, CBS and UK’s Channel 5

The Guardian - US

Awaiting Buyout, Paramount Execs Lay Out Plans For Cost-Cutting, Streaming Joint Ventures at Annual Meeting

No word on expected deal with Skydance

Multichannel News

Paramount, Skydance Reach Merger Agreement: Report

Once the deal is closed, two-thirds of Paramount would be co-owned by Skydance and RedBird.

International Business Times

Paramount Agrees To Merger Terms With Skydance, Private Equity: Report

About half of class-B stockholders get $15 a share

Multichannel News

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Investors Business Daily

Paramount And Disney Grapple With The Rapid Rise Of Streaming

Buyout chatter hit Paramount stock recently as media giants grapple with changing consumer tastes and the rise of streaming.

Broadcasting & Cable

David Zaslav Sidesteps NBA and Paramount M&A Questions at Milken Conference, Bombastically Declares That Exec Pay Should Align With Stock Price

‘We love the NBA,’ the Warner Bros. Discovery CEO said

Broadcasting & Cable

Why Audiences Have Turned on Jerry Seinfeld and Other Mysteries of the Media-Entertainment Cosmos

Our latest ‘Next Text’ also ponders, is the NBA In-Season Tournament dead … like TNT? And when addressing Paramount’s ‘Office of the CEO,’ which set of eyes do you look into?

The Guardian - US

Sony and Apollo reportedly make $26bn offer for Paramount

Shares in media giant, whose chief executive Bob Bakish was this week ousted amid reports of clash with Shari Redstone, spike 12%

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Multichannel News

Paramount Stock Jumps on Report of $26 Billion Bid From Sony Pictures and Apollo Global

Potentially rivals offer from Skydance Media favored by chair Shari Redstone

Broadcasting & Cable

Are Kenny, Chuckster and 'Inside the NBA' Moving to Amazon?

Also in our latest 'Next Text,' we mark our calendars for FX and Hulu's 'Clipped,' break down the latest on the Paramount sale, and we take fixed wireless and cable mobile to the ol' gravel pit where they belong

Broadcasting & Cable

Why Netflix Is Ready To ‘Fly Like an Eagle’

In our latest Next Text, we also celebrate more Steve Miller hits, laud Alex Garland’s trippy ‘Civil War,’ eulogize Participant Media, and wonder what the heck Sony and Uri Berliner are thinking

Broadcasting & Cable

What Will a Paramount Controlled By Republican Mega-Donor Larry Ellison Look Like?

Plus, in our latest ‘Next Text,’ we throw more shade at Coach Prime, celebrate REM’s ‘Reckoning’ and John Stewart (the singer-songwriter), and we try to escape Roku, Amazon and Telly by getting off the TV grid

Broadcasting & Cable

Bodying Up to the Magnificent '3 Body Problem,' the Bold David Ellis, the Rediscovered Sublime, the Surging CTV Biz and the Victorious Dawn Staley

Also in this week's 'Next Text,' we throw some deserved shade at the far right culture warriors at 'OutKick'

Multichannel News

Paramount Enters Exclusive M&A Talks With Skydance Media

Shari Redstone marks a significant step towards selling her troubled media empire to David Ellison

Broadcasting & Cable

By ‘DTC,’ They Meant ‘Direct to Charter’

In this week’s ‘Next Text,’ we call out the Dodgers’ RSN distribution, Warner's far-fetched DC ambitions, and (of course) Shari’s latest offer

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