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The Latest Breaking News from Skydance Media

CBS News Layoffs: Network Weighs Cutting 15% of Staff in Paramount-Skydance Restructuring

CBS News faces major layoffs amid Paramount Global and Skydance Media merger, driving a digital transformation. Discover how this shift impacts the newsroom and the future of broadcast journalism.

International Business Times UK

Paramount acquires Warner Bros Discovery in mega deal: the winners, losers and Trump’s man in the middle

Netflix’s planned acquisition of Hollywood studio Warner Bros Discovery (WBD) has fallen apart at the eleventh hour, as Paramount Skydance has made a “superior” proposal to buy the conglomerate for A$156 billion.

The Conversation

Netflix Makes All-Cash Move for Warner Bros. Studios and HBO Max Amid Takeover Battle

Netflix has shifted to an all-cash offer for Warner Bros. Studios and HBO Max as a takeover battle intensifies amid rival bids.

International Business Times UK

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White House Warned CBS It Would 'Sue Your A-- Off' Over Donald Trump Interview

Leaked audio reveals the White House threatened to 'sue the a-- off' CBS News if Donald Trump's latest interview was edited. The network aired the full segment in response.

International Business Times UK

David Letterman calls CBS News a ‘wreck’ under newly installed leadership

Former late-night host makes comments amid merger of CBS’s parent company Paramount with Skydance Media

The Guardian - US

Warner Bros. shareholders were ‘consistently misled’ by Paramount, board says in rejection letter: There’s no Ellison family backstop, and never was

Jilted Paramount CEO David Ellison painted a picture of no engagement from WBD. That’s simply not true, according to the Warner Bros. board.

Fortune

David Ellison Net Worth Explained: How the Paramount Chief Is Funding a Historic Hostile Takeover

David Ellison's net worth and financial backing come into focus as Paramount launches a historic hostile takeover bid for Warner Bros Discovery.

International Business Times UK

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Why has Paramount Skydance launched a hostile bid for Warner Bros Discovery – and what happens now?

The future of some of the world’s most prominent media and entertainment businesses hangs in the balance

The Guardian - US

Ferris Bueller’s Day Off spin-off movie ‘cancelled’

The Ferris Bueller’s Day Off spin-off movie Sam and Victor’s Day Off has reportedly been scrapped at Paramount following the studio's merger with Skydance Media.

BANG Premier

Bari Weiss named editor-in-chief of CBS News as Paramount buys Free Press startup

Commentator to lead storied US news network, five years after acrimonious exit from New York Times

The Guardian - US

Warner Bros Discovery shares surge on Paramount Skydance buyout report

The report comes just weeks after the merger between movie giant Paramount and independent film studio Skydance Media.

Euronews

Top Gun 3 gets positive update following Skydance’s Paramount purchase

After Skydance Media acquired Paramount Global, the studio's boss David Ellison has reassured fans the third Top Gun movie is a big priority for the company.

BANG Premier

Paramount pays $7.7bn for exclusive US rights deal with UFC

Deal ends sport’s pay-per-view model and comes days after Hollywood studio’s merger with Skydance Media

The Guardian - UK

As the FCC Approves the Paramount-Skydance Merger, How Should You Play PARA Stock?

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

Barchart

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Benzinga

Paramount Global Stock Jumps After FCC Approves $8 Billion Merger With Skydance

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.

Tom’s Guide

Paramount Plus just stole 'South Park' from HBO Max — here's what you need to know

Paramount Plus just scored a $1.5 billion deal to add "South Park" from its library, stealing it from HBO Max. Here's what you need to know.

The Conversation

ABC’s and CBS’s settlements with Trump are a dangerous step toward the commander in chief becoming the editor-in-chief

It was a surrender widely foreseen. For months, rumors abounded that Paramount would eventually settle the seemingly frivolous lawsuit brought by President Donald Trump concerning editorial decisions in the production of a CBS interview with Democratic presidential nominee Kamala Harris in 2024.

Benzinga

Elizabeth Warren Asks 'Is This Bribery?' Accuses Trump Of A 'Secret Side Deal' For Millions In Paramount Settlement

Sen. Elizabeth Warren (D-Mass.) has called for a formal investigation into President Donald Trump's settlement with Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA).

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The Independent UK

Trump claims he struck side deal with Skydance for additional $16 million in ‘60 Minutes’ settlement

‘We did a deal for about $16 million plus $16 million, or maybe more than that, in advertising... It's like $32 to maybe $35 million,’ the president said over the weekend.

Fortune

Paramount is laying off more U.S. workers in its second downsizing effort in the past year

Latest round of layoffs follow two waves of cuts last year.

The Independent UK

60 minutes host issues dire warning over multimillion-dollar CBS settlement with Trump

Veteran journalist says ‘the country is doomed’ without ‘courage’ from journalists to speak truth to power

International Business Times UK

Paramount–Skydance Merger in Crisis: Trump Lawsuit and Cost Cuts Jeopardise Deal

Paramount's board is wary of approving a settlement that could be seen as a bribe while awaiting FCC clearance.

The Independent UK

Democrats warn Redstone Paramount talks with Trump over CBS Kamala Harris interview may be bribery

‘If Paramount officials make these concessions in a quid pro quo arrangement to influence President Trump or other Administration officials, they may be breaking the law,’ the senators wrote to Shair Redstone

The Guardian - US

Host of CBS’s 60 Minutes rebukes corporate owners Paramount on-air

Scott Pelley castigated network over independence pending sale to Skydance Media requiring Trump’s approval

Tom’s Guide

I just rediscovered this disaster thriller in Netflix’s top 10 — and it’s somehow both under and over the weather

I just rediscovered the disaster thriller “Geostorm” in Netflix’s top 10, but there’s a problem. Here’s everything to know about this movie.

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