Paramount Global Class B Aktie News

FCC approval of the Skydance-Paramount merger marks a new era, injecting capital and ending legacy leadership that weighed on PARA's value. New management under Ellison and Shell brings operational discipline, aggressive cost-cutting, and a focus on monetizing undervalued assets like Pluto TV. The strengthened balance sheet and $2B in cost synergies set the stage for a turnaround, with net leve...

The end of "The Late Show with Stephen Colbert" is calling attention to the mounting pressures on traditional TV and raising questions about the whether the time slot can survive the evolving viewing landscape. The cost of producing late night programs has risen as the media industry has been upended by streaming and shifting consumer habits.

Paramount Global and Skydance Media said today the merger inked a year ago and approved by the FCC yesterday is expected to close on August 7.

Paramount and Skydance have confirmed that their long-gestating merger is expected to finally close on August 7. The guidance had been mentioned in recent days by people familiar with the transaction, but the companies confirmed the timeline Friday in a press release.

Paramount Global said on Friday it expects to complete its merger with Skydance Media by August 7, following government approval for the $8.4 billion deal.

NEW YORK , July 25, 2025 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) ("Paramount") and Skydance Media, LLC ("Skydance") today announced that the transactions (the "Transactions") contemplated by the Transaction Agreement, dated as of July 7, 2024, by and among Paramount, Skydance, New Pluto Global, Inc. ("New Paramount") and the other parties thereto (the "Transaction Agreement") are...

Ellison's father Larry Ellison, 80, is a titan of Silicon Valley who co-founded Oracle in 1977. David Ellison grew up in Woodside, California, in the Bay Area, where he was raised by his mother.

Paramount Global (NASDAQ: PARA) was in focus on Friday after the Federal Communications Commission (FCC) finally approved its $8.0 billion merger with Skydance Media. After more than a year of regulatory hurdles, Skydance is now set to gain control of CBS and other Paramount assets – ushering in a seismic shift in Hollywood's power structure.