FCC clears Paramount, Skydance merger
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South Park” delivered an episode this week that depicted a naked President Donald Trump in bed with the devil. Paramount just signed creators Trey Parker
Paramount said it's considering a competing acquisition bid led by Seagram heir and media executive Edgar Bronfman Jr., and will extend a so-called go-shop period with merger partner Skydance Media.
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Shares of Paramount are set to open higher after the FCC approval its merger but amid ongoing uncertainty about its strategic plans under Skydance Media.
Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.
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Plus, Hulk Hogan, the pro wrestler who brought the sport to new heights of mainstream popularity, died at the age of 71.
His profanity-laden monologue culminated in a performance with a church choir chanting, “sack the f–k up” or “go f–k yourself.”
Show' host's comments came shortly before it was announced that CBS has canceled 'The Late Show With Stephen Colbert.'
Liberal lawmakers asked David Ellison, chief executive of Skydance Media, which is set to merge with CBS owner Paramount, about alleged promises on conservative ad content.