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The Latest Breaking News from Sumner Redstone

‘Cable Cowboy’ John Malone to step down from his media empire

Retirement of billionaire, 84, leaves Rupert Murdoch as last of that generation to be actively involved in media business

The Guardian - US

Bob Bakish was ousted by Paramount after clashing with Shari Redstone and he still got rewarded with a $69.3 million golden parachute

Bakish earned $86.96 million in 2024, up from $31.3 million the year prior.

Fortune

Paramount may reportedly settle Trump's $10 billion lawsuit against CBS so his administration doesn't try to block its planned merger with Skydance

President Trump is suing companies and they’re settling. Paramount could be next.

Fortune

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At Paramount—as moguls, executives, and 3 CEOs struggled for control—some employees describe a brutal year

Paramount Global laid off more employees in 2024 than any of its rivals. A larger reckoning is still playing out.

Fortune

Edgar Bronfman Jr.’s Bid for Paramount Fades to Black

Withdrawal appears to clear way for Skydance to close acquisition of struggling media company

Multichannel News

Paramount extending 'go shop' period by 15 days so it can review Bronfman offer

Entertainment giant Paramount Global is extending by 15 days a period where it’s allowed to assess alternative offers to its merger agreement with Skydance so that it can review a proposal from Edgar Bronfman, Jr. Paramount said late Wednesday that the “go shop” period for Bronfman will be extended until…

The Independent UK

Edgar Bronfman Makes $4.3 Billion Bid For Paramount

Shari Redstone’s National Amusements gets $2.4 billion

Multichannel News

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Mario Gabelli Wants Same Price for Paramount Voting Shares That Shari Redstone Got

Skydance paying $1.7 billion for National Amusements

Multichannel News

Who is David Ellison? Heir to the Oracle fortune celebrates clinching $28B Paramount deal

Oracle founder Larry Ellison’s son, David Ellison, announced he reached terms to acquire a controlling stake in Paramount.

Fortune

David Ellison Spells Out Goals for ‘New Paramount’

Plan is to create a media-technology hybrid and cut costs by $2 billion

Multichannel News

Skydance, Paramount to Merge in $8B Deal

Merged venture, named ‘New Paramount’ will be led by David Ellison as Chairman/CEO and Jeff Shell as President

TV Tech

It's Official: Skydance Media And Paramount Global Announce Merger In Groundbreaking Deal

Shari Redstone, Paramount's non-executive chair, will relinquish the family's controlling stake through a complex transaction that will lead to the merger.

International Business Times

Hollywood studio Paramount agrees $28bn merger with Skydance

End to Redstone family’s involvement in media group, which also owns CBS, Nickelodeon and the UK’s Channel 5

The Guardian - UK

Entertainment giant Paramount agrees to a merger with Skydance

Entertainment giant Paramount, which owns CBS and was behind blockbuster films such as “Top Gun” and “The Godfather” has agreed to merge with Skydance

The Independent UK

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Multichannel News

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

International Business Times

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

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.

The Guardian - US

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

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news in one place.

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Multichannel News

Paramount Stock Jumps on Report of $11 Billion Apollo Bid for Studios

Shares rise 8% to $12.16

International Business Times

10 Best Business Books: Empower Your Entrepreneurial Journey

A journey through the enriching realm of business literature, where insights from industry leaders, management experts, and innovative thinkers await.

Fortune

Media mogul Shari Redstone reportedly considering selling her stake in Paramount after fighting for years to keep control of the company

Redstone reportedly considers selling to the movie studio that made ‘Top Gun: Maverick’ in a move that could kick off a selling spree among legacy media companies.

Broadcasting & Cable

Paramount Global Stock Jumps on Report of Possible Buyout

Deal is a ‘decent possibility,’ analyst says

The Independent UK

15 years ago, Tom Cruise revived his career with an uncredited role in Tropic Thunder

After a string of controversies and a split from longtime studio Paramount, Cruise was slipping out of favour with Hollywood. That was, until he suggested the character of a Diet Coke-guzzling terror of a movie producer for his friend Ben Stiller’s new film

The Independent UK

15 years ago, Tom Cruise revived his career with an uncredited role in Tropic Thunder

The New Daily

The other media baron who inspired Succession – more toxic and dysfunctional than Logan Roy

When Sumner Redstone and Rupert Murdoch were asked about their succession plans, both had joked they didn’t plan to die.

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George Stephanopoulos

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