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Is The Mission Possible For Paramount’s Crowded Corner Office? CEO Troika Settles In As Layoffs And Asset Sales Loom - deadline.com
deadline.com
19.06.2024 / 22:27

Is The Mission Possible For Paramount’s Crowded Corner Office? CEO Troika Settles In As Layoffs And Asset Sales Loom

Paramount Global‘s unorthodox Office of the CEO, which started as a presumed placeholder, is turning into a longer-term fixture poised to once again reshape the tempest-tossed company.

Paramount Global’s Tumultuous Timeline: Tracking 35 Years of Corporate Intrigue and Drama - variety.com
variety.com
19.06.2024 / 13:47

Paramount Global’s Tumultuous Timeline: Tracking 35 Years of Corporate Intrigue and Drama

Paramount Global and its predecessor companies have gone through several tumultuous decades. Here’s a timeline of key events that led up to the company’s most recent M&A drama, in this week’s cover story: What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company. MARCH 4, 1987: Sumner Redstone’s National Amusements Inc.

What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company - variety.com
variety.com
19.06.2024 / 13:01

What Went Wrong: Inside Paramount’s Failed Merger Talks and the Battle to Salvage the Company

Shari Redstone, it was nothing personal. But the longer the negotiations went on, the more Redstone fell out of love with the idea of marrying her family’s legacy to David Ellison’s Skydance Media. So on June 11, as board members of Paramount Global were about to hold a key meeting on the long-gestating deal to merge with Skydance, Redstone was out — even as those around her were still scrambling to get it done.

Paramount Global’s Top Lawyer Is Stepping Down - variety.com
variety.com
19.06.2024 / 04:25

Paramount Global’s Top Lawyer Is Stepping Down

Todd Spangler NY Digital Editor Christa D’Alimonte, Paramount Global‘s EVP, general counsel and secretary, is exiting at the end of the month after 12 years at the company and its predecessor Viacom. D’Alimonte on Tuesday informed her team that she will be leaving the company on June 28 (read the memo below).

Paramount Global General Counsel Christa D’Alimonte To Exit At End Of June - deadline.com
deadline.com
19.06.2024 / 03:03

Paramount Global General Counsel Christa D’Alimonte To Exit At End Of June

Paramount Global General Counsel Christa D’Alimonte has told colleagues she will be exiting the company at the end of the month.

UFC CEO Dana White on ‘Misconceptions’ About His Friend Donald Trump, ESPN Renewal Talks, New Roku Docuseries and More - variety.com - Indiana - county Atlantic - city Newark
variety.com
14.06.2024 / 02:57

UFC CEO Dana White on ‘Misconceptions’ About His Friend Donald Trump, ESPN Renewal Talks, New Roku Docuseries and More

Todd Spangler NY Digital Editor Dana White, chief executive of UFC, is one of the stars of the new Roku original docuseries “Fight Inc.: Inside the UFC,” touted as an “unprecedented” insider’s look at the company, marking its 30th anniversary. Earlier this month, White — a well-known supporter of Donald Trump — played a starring role in different production: Trump’s first TikTok video. Following footage of the ex-president greeting fans at UFC 302 in Newark, N.J., on June 1, the video shows White with Trump backstage at the fight.

Paramount CEOs Recognize “The Last Several Months Have Not Been Easy,” Tell Staff They Have A Plan - deadline.com
deadline.com
12.06.2024 / 19:01

Paramount CEOs Recognize “The Last Several Months Have Not Been Easy,” Tell Staff They Have A Plan

Paramount co-CEOs George Cheeks, Brian Robbins and Chris McCarthy thanked staff in a memo today, obtained by Deadline, for a few tough months rocked by Skydance merger speculation. With that deal a no go, they said, they have plan, one mostly laid out at last week’s annual shareholders meeting, to take the company into the future.

After Paramount Merger Talks Collapse, Skydance CEO David Ellison Tells Staff: ‘We Are Stronger Because of This Process’ - variety.com
variety.com
12.06.2024 / 03:09

After Paramount Merger Talks Collapse, Skydance CEO David Ellison Tells Staff: ‘We Are Stronger Because of This Process’

Todd Spangler NY Digital Editor David Ellison, chief executive of Skydance Media, thanked employees of his company for their focus as he was engaged in a months-long bid to merge with Paramount Global. And even though that effort failed, he said that Skydance is stronger after having gone through the M&A cycle.

David Ellison Thanks Skydance Team As Paramount Merger Talks End; Sets Sights On “Building A Next Generation Content Company On Our Terms” - deadline.com
deadline.com
12.06.2024 / 02:45

David Ellison Thanks Skydance Team As Paramount Merger Talks End; Sets Sights On “Building A Next Generation Content Company On Our Terms”

This just in tonight from Skydance Boss David Ellison as Paramount Global controlling shareholder Shari Redstone says “No” to Skydance’s offer to buy National Amusements. The Top Gun: Maverick and Geostorm producer has acknowledged to staff that Skydance’s bid to merge with Paramount has ended.

What’s Next For Paramount After Skydance Merger Talks Fail - deadline.com
deadline.com
12.06.2024 / 00:25

What’s Next For Paramount After Skydance Merger Talks Fail

When David Ellison’s Skydance made a play for Paramount last fall it was how and when (not if) Shari Redstone would tie the knot. Paramount and Skydance worked together. He valued the studio and its crown jewel of a backlot and planned to keep the company together. He was offering her a nice bundle of cash for her stake in National Amusements.

Shari Redstone, Paramount End Merger Talks With Skydance As Two Sides “Not Able To Reach Mutually Acceptable Terms” - deadline.com - city Redbird
deadline.com
11.06.2024 / 21:05

Shari Redstone, Paramount End Merger Talks With Skydance As Two Sides “Not Able To Reach Mutually Acceptable Terms”

After months of negotiations, Paramount‘s controlling shareholder Shari Redstone has broken off merger talks with David Ellison‘s Skydance.

As Merger Saga Continues, Paramount Updates Pay Packages For Office Of CEO Trio & Re-Ups Chief People Officer Nancy Phillips - deadline.com
deadline.com
11.06.2024 / 00:03

As Merger Saga Continues, Paramount Updates Pay Packages For Office Of CEO Trio & Re-Ups Chief People Officer Nancy Phillips

Paramount Global, which continues to explore its M&A options, has updated the compensation plans for the three execs in the Office of the CEO and re-upped Chief People Officer Nancy Phillips.

Paramount Grants Three Co-CEOs Change-in-Control Severance Benefits, Cash Bonuses - variety.com
variety.com
10.06.2024 / 21:55

Paramount Grants Three Co-CEOs Change-in-Control Severance Benefits, Cash Bonuses

Todd Spangler NY Digital Editor As an M&A event looms on the horizon for Paramount Global, the three execs in the conglomerate’s “Office of the CEO” are now eligible for stepped-up severance payments in the event of a sale or merger — and the company also will award them cash bonuses for the time they serve as co-CEOs. The move comes as Shari Redstone, Paramount’s controlling shareholder, is evaluating a merger offer from David Ellison’s Skydance Media, which the Paramount Global board’s special committee has recommended.

Paramount M&A Saga Continues: Edgar Bronfman Jr., Bain Capital Mulling up to $2.5 Billion Bid for Shari Redstone’s National Amusements - variety.com - city Redbird
variety.com
10.06.2024 / 17:43

Paramount M&A Saga Continues: Edgar Bronfman Jr., Bain Capital Mulling up to $2.5 Billion Bid for Shari Redstone’s National Amusements

Todd Spangler NY Digital Editor Shari Redstone may have yet another offer on the table to buy National Amusements Inc., the controlling shareholder of Paramount Global — the latest twist in the months-long M&A drama swirling around the troubled media conglomerate. Erstwhile media mogul Edgar Bronfman Jr. is teaming with investment firm Bain Capital to put together an offer of up to $2.5 billion for Redstone’s National Amusements, sources confirmed.

Paramount’s Shari Redstone Juggling Skydance, Other Suitors As Deal Saga Continues - deadline.com - city Redbird
deadline.com
06.06.2024 / 23:51

Paramount’s Shari Redstone Juggling Skydance, Other Suitors As Deal Saga Continues

Shares of Paramount Global edged lower Thursday, day three in the red, amid lingering uncertainty around Skydance’s latest offer. With bigger than anticipated sweeteners for Class B shareholders, it was approved by Par’s special board committee and sent on to controlling shareholder Shari Redstone but with no announcement forthcoming.

CBS Chief George Cheeks Talks Paramount Global Uncertainty, Traction for ‘Tracker’ and the Future of Broadcast TV - variety.com
variety.com
06.06.2024 / 22:57

CBS Chief George Cheeks Talks Paramount Global Uncertainty, Traction for ‘Tracker’ and the Future of Broadcast TV

Cynthia Littleton Business Editor Paramount Global has a strong future ahead of it and so does broadcast television, despite the uncertainty that has enveloped Hollywood in general and Paramount in particular. That was the message sent Thursday by CBS chief George Cheeks, who last month was also tapped as one of three CEOs to steer Paramount Global through a period that is sure to be challenging no matter what happens with the company.

Paramount Global Town Hall Delayed After Skydance Offer, Co-CEOs’ Shareholder Presentation - deadline.com - county Hall
deadline.com
04.06.2024 / 21:07

Paramount Global Town Hall Delayed After Skydance Offer, Co-CEOs’ Shareholder Presentation

A town hall for Paramount Global employees originally scheduled to take place Wednesday has been delayed until June 25.

Tech-News Site Gizmodo Sold to European Media Firm Keleops, Which Says It Will Retain Entire Editorial Staff - variety.com - France - New York - Switzerland
variety.com
04.06.2024 / 18:59

Tech-News Site Gizmodo Sold to European Media Firm Keleops, Which Says It Will Retain Entire Editorial Staff

Todd Spangler NY Digital Editor Gizmodo, the 22-year-old tech news site, is the latest asset sold by G/O Media, which has been steadily shedding media properties for more than a year. Gizmodo’s new owner is Keleops, a European online tech-media company with offices in Switzerland and Paris, France, that was originally founded 10 years ago as a performance-marketing firm.

Amid Skydance Offer, Paramount Global CEO Trio Trumpet 14 Billion Dollar Brands, Plans To Explore Streaming Joint Ventures - deadline.com
deadline.com
04.06.2024 / 15:29

Amid Skydance Offer, Paramount Global CEO Trio Trumpet 14 Billion Dollar Brands, Plans To Explore Streaming Joint Ventures

As Paramount Global controlling shareholder Shari Redstone mulls the terms of a merger between her conglom and Skydance, the network/studio/streaming service trotted out their best and brightest CEO troika this early AM in annual global stockholders meet to tout their hit parade of 14 billion dollar revenue earning franchises across all mediums, their assurance to cut $500 million in overhead, and maximize shareholder value and profits.

Paramount Global Non-Exec Chair Shari Redstone Touts Office Of CEO During Annual Shareholder Meeting - deadline.com
deadline.com
04.06.2024 / 14:01

Paramount Global Non-Exec Chair Shari Redstone Touts Office Of CEO During Annual Shareholder Meeting

Shari Redstone, Paramount Global‘s non-executive chair and controlling shareholder, sought to sell shareholders at the company’s annual meeting Tuesday on the potential of the three-member Office of the CEO.

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