Latest about Paramount Skydance
Layoffs expected as the new company tries to see $6 billion in savings over the next three years
BUSINESS Merger expected to finalize Oct. 6
The proposed settlement includes concessions to protect editorial independence of CBS and CNN, film output levels, workers impacted by layoffs and restrictions on cable network price hikes
Advocacy groups urge rejection of a ‘backroom’ deal on $111 billion transaction
California, New York and other states claim the deal will reduce theatrical film production, increase fees for cable channels and harm movie theaters
The Antitrust Division found that $111 billion deal would increase competition among streaming platforms and not harm the production and distribution of theatrical films
Regulatory and Standards Democratic commissioner says regulator shouldn’t dole out ‘another billionaire buddy bypass’ on foreign-ownership rules
Combined entity reaches 57% of US internet households, positioning it alongside Netflix, Google, Amazon, and Disney in viewer engagement and reach
