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Paramount Merger

All articles tagged with #paramount merger

Warner Bros. Discovery Frames Upfront Against Paramount Megamerger
business14 days ago

Warner Bros. Discovery Frames Upfront Against Paramount Megamerger

At Warner Bros. Discovery’s Upfront in New York, ad-sales leaders used a faux Freudian slip to acknowledge the looming $111 billion Paramount merger, signaling potential industry-wide changes as regulators weigh the deal. The presentation highlighted advertiser nerves and industry skepticism, with Paramount pledging a strong theatrical slate and job protections, while shareholders already approved the merger in April and regulators remain the remaining hurdle.

via The Hollywood Reporter|
#advertising-sales#business#hollywood
Barry Diller Says He’d Buy CNN Tonight to Save It From Extinction
business22 days ago

Barry Diller Says He’d Buy CNN Tonight to Save It From Extinction

Barry Diller told The Wall Street Journal's Future of Everything Festival he’d buy CNN 'tonight and tomorrow night' to save it, arguing the network is ripe for innovation but needs more investment in on-air programming; CNN is owned by Warner Bros. Discovery, with Paramount's $81 billion merger in play, and Diller warned the deal could trigger savage cuts—echoing his own company's restructuring as IAC renames to People Inc. and slashes staff to save costs.

via Deadline|
#barry-diller#business#cnn
WBD Shareholders Rebuff Zaslav Payout Even as Paramount Merger Advances
business1 month ago

WBD Shareholders Rebuff Zaslav Payout Even as Paramount Merger Advances

Warner Bros. Discovery said only 17% of shares represented approved CEO David Zaslav’s potentially $886 million merger-related payout at a special meeting (82% opposed), even as shareholders overwhelmingly supported the Paramount merger; the non-binding vote won’t stop the payout, and regulators are still reviewing the deal which is expected to close later this year.

via Deadline|
#business#david-zaslav#executive-compensation
Zaslav Sells Over $114 Million Worth of WBD Stock as Paramount Deal Advances
business2 months ago

Zaslav Sells Over $114 Million Worth of WBD Stock as Paramount Deal Advances

Warner Bros. Discovery CEO David Zaslav filed to sell just over 4 million WBD shares, worth more than $114 million, as Paramount’s merger moves forward. The sale occurs amid a window that allows executives involved in deal talks to divest, and follows several other top WBD executives selling seven-figure amounts; the broader context includes WBD ending Netflix talks and agreeing to a Paramount sale.

via Deadline|
#business#david-zaslav#paramount-merger
law-and-politics11 months ago

Trump Praises David Ellison and Endorses Paramount-Skydance Merger

Donald Trump praised Skydance Media CEO David Ellison amid ongoing merger approval with Paramount and settlement talks related to a lawsuit over 60 Minutes' editing of an interview with Kamala Harris, which Trump claims was manipulated and 'election threatening.' The lawsuit, filed by Trump, alleges deceptive editing, but legal experts consider it meritless. The FCC is reviewing the merger, and settlement negotiations are ongoing.

via Deadline|
#60-minutes-lawsuit#donald-trump#law-and-politics