Paramount Global
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Former CBS Anchor Sues Network for Discrimination Over Supposed Race, Sex Quotas
Jeff Vaughn accuses Paramount Global of implementing a policy that “favored the hiring of individuals of certain groups and firing or refusing to hire older, white, heterosexual males”
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Paramount+ Weighs Merging With Another Streaming Platform | Report
Looking for a streaming partner is consistent with plans laid out by Paramount Global’s new Office of the CEO
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MTV News Website Shuttered, Archives Deleted
The move, which deletes decades of writing and reporting, comes just a year after Paramount shut the outlet down
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Paramount Top Lawyer Christa D’Alimonte to Step Down
The studio’s general counsel, who has worked with the company for 25 years, will exit at the end of June
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Chaos at Paramount: An Uncertain Future Looms After Shari Redstone Pulls the Plug on Skydance | Analysis
Skydance is furious, executives are confused and Wall Street is exhausted as Redstone has made a mess of the Paramount sale
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TV
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Shari Redstone’s National Amusements Scraps Skydance-Paramount Merger
Discussions halted Tuesday after the media conglomerate’s controlling shareholder and David Ellison failed to reach “mutually acceptable terms”
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Edgar Bronfman Jr., Bain Capital Eyeing $2 Billion Bid for Shari Redstone’s National Amusements | Report
The former Warner Music Group CEO is looking to offer up to $2.5 billion for the holding company, The Wall Street Journal reports
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Sony Pictures Won’t Make Investments That ‘Don’t Complement’ Current Strategy Amid Paramount Talks
“Our strategy is to have more IP, more product, more library to sell,” CEO Tony Vinciquerra told analysts during the company’s 2024 business segment meeting
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CBS Moves to Dismiss ‘SEAL Team’ Lawsuit by White Male Writer Opposed to Diverse Hiring
The network argues prioritizing diversity on its TV shows is an “artistic choice” protected under the First Amendment
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Sony-Apollo Backs Away From $26 Billion Paramount Bid but Paves Way to Continued Deal Talks, NDAs
Sony Pictures Entertainment and Apollo Global Management gain access to the studio’s nonpublic financial information, The New York Times reports
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Paramount Global Chief Communications, Corporate Marketing Officer Julia Phelps to Exit
The executive will depart at the end of May after two decades at the media conglomerate
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Paramount Lets Skydance Exclusivity Window Expire With No Deal
The move comes as Sony and Apollo have submitted a joint $26 billion all-cash offer
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Matrix Asset Advisors Slams Paramount Over Bob Bakish Exit: ‘Everything About Today’s Update Is a Disgrace’
“This is a major unforced error that will cost the company upwards of $50 million,” the firm’s chief investment officer David Katz tells TheWrap
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Business
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Paramount Narrows Streaming Loss 44% to $286 Million, Tops 71 Million Subscribers
The media conglomerate declined to take analyst questions following the departure of CEO Bob Bakish
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Business
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Paramount CEO Bob Bakish Steps Down
The exec’s departure coincides with the company’s first-quarter earnings results for 2024
