The Latest Breaking News from Paramount Global

Private equity firms have been making moves in Hollywood for some time, but Redbird's stake in the Paramount deal is by far the largest to date.

The hit animated series "South Park," which is back for its 27th season, wasted no time making fun of President Donald Trump and the ongoing legal saga between the president and Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) that owns the rights to the show.

Streaming giants are navigating a rapidly evolving media landscape as consumers increasingly shift from traditional TV to digital platforms. Paramount Global  (NASDAQ:PARA) is at the forefront of this transition, leveraging its robust content library to enhance its direct-to-consumer offerings and drive revenue growth.

Paramount Global has slightly underperformed the broader market over the past year, and analysts are somehow bearish about the stock’s prospects.

The host didn't mince words.

The merger has faced scrutiny for what critics view as capitulations to Donald Trump, including a $16m settlement.

The FCC has approved Paramount Global’s $8 billion merger with Skydance Media. Wall Street still recommends staying away from Paramount stock.

FCC approval of deal comes after Paramount paid $16m to settle Trump lawsuit over 60 Minutes interview

US regulators on Thursday approved an $8 billion deal for Skydance to acquire Paramount Global after receiving assurances the merged company will follow Trump administration guidelines against programs promoting diversity, equity and inclusion.

Paramount Global (NASDAQ:PARA) shares are rising in Thursday’s after-hours session after the Federal Communications Commission approved the company’s merger with Skydance Media.

Fresh off of the drama of announcing the cancellation of "The Late Show with Stephen Colbert," Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) could have another controversy on its hands as the new "South Park" episode draws criticism from the White House.