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The Latest Breaking News from Skydance

Paramount Global Stock Jumps After FCC Approves $8 Billion Merger With Skydance

Paramount Global (NASDAQ:PARA) shares are rising in Thursday’s after-hours session after the Federal Communications Commission approved the company’s merger with Skydance Media.

Benzinga

FCC approves Skydance merger with Paramount

The $8.4 billion deal was formally approved by the Trump administration Thursday

The Independent UK

Joy Behar reveals The View is going on hiatus day after White House calls for it to be canceled

The regularly scheduled summer hiatus sparked speculation online that the show could be gone ‘forever’ because the White House called for its cancellation

The Independent UK

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Trump’s FCC chair plays coy on Fox News when asked if president involved in Colbert’s cancellation

‘Look at what is happening. NPR has been defunded, PBS has been defunded, Colbert is getting canceled,’ Brendan Carr declared when asked if Trump played a role in The Late Show coming to an end.

The Independent UK

Meet Stephen Colbert's Biggest Fans: Congressional Democrats

When even Keith Olbermann is providing a much-needed sanity check, it says something.

Reason

Incoming CBS owner promises Trump’s FCC it will review ‘complaints of bias’ at news network and eliminate DEI policies

‘New Paramount's new management will ensure that the company's array of news and entertainment programming embodies a diversity of viewpoints across the political and ideological spectrum,’ Skydance’s general counsel wrote to FCC

The Independent UK

I was a late-night writer. Colbert’s cancellation hurts American comedy – and sanity

If our overlords can’t handle being joked about on late-night TV, we don’t need new shows. We need new leaders

The Guardian - US

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Trump’s FCC chairman gloats over Colbert’s cancellation days after meeting soon-to-be CBS owner

‘The partisan left’s ritualist wailing and gnashing of teeth over Colbert is quite revealing,” Brendan Carr tweeted Tuesday, adding that critics of the cancellation are ‘acting like they’re losing a loyal DNC spokesperson.’

The Independent UK

Trump claims new CBS owner will gift him $20m worth of airtime after $16m settlement

President says he has been promised ads and programming days after network cancels Stephen Colbert’s show

The Guardian - US

Paramount Plus just stole 'South Park' from HBO Max — here's what you need to know

Paramount Plus just scored a $1.5 billion deal to add "South Park" from its library, stealing it from HBO Max. Here's what you need to know.

Tom’s Guide

Cancelling Colbert, bribery, an $8bn deal: what’s going on at Paramount?

The fallout from the Trump payoff comes as a merger threatens the company’s integrity and A-list talent, such as Stephen Colbert, have already been sacrificed

The Guardian - US

Democrats condemn CBS for axing Colbert show: ‘People deserve to know if this is politically motivated’

Lawmakers note cancellation follows Colbert’s criticism of parent company Paramount for settling Trump suit

The Guardian - US

CBS cancels Colbert’s Late Show amid pending Paramount-Skydance merger

Despite financial pressures on the late-night TV model, experts say the timing suggests political motives.

Al Jazeera

Elizabeth Warren Demands Paramount Explain Colbert's 'Late Show' Cancellation—'America Deserves To Know'

A decision to cancel the "Late Show With Stephen Colbert" is prompting members of Congress to speak out, as the timing draws attention to a recent settlement between Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) and President Donald Trump.

Benzinga

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The Independent UK

CBS staff in turmoil over ‘Trump shakedown’ after Stephen Colbert and The Late Show are canceled

Exclusive: Multiple CBS staffers who spoke with The Independent said they aren’t buying the company’s claim that Colbert’s cancellation was a ‘financial decision,’ adding that the demise of the show has left ‘everyone stunned.’

The Guardian - US

‘I am extremely sad’: celebrities react to the end of Stephen Colbert’s Late Show

Ben Stiller, Rachel Zegler and Judd Apatow and others disappointment at decision to axe long-running show

Total Film

South Park fans threaten to cancel their Paramount+ subscriptions after the show was pulled from streaming outside the US: "How does one go about setting Paramount on fire?"

South Park fans are not happy

The Independent UK

Trump claims he struck side deal with Skydance for additional $16 million in ‘60 Minutes’ settlement

‘We did a deal for about $16 million plus $16 million, or maybe more than that, in advertising... It's like $32 to maybe $35 million,’ the president said over the weekend.

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news in one place.

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The Independent UK

CBS News anchor swipes at parent company for settling Trump lawsuit ‘it said is without basis in law and fact’

‘Can you hold power to account after paying it millions? Can an audience trust you when it thinks you’ve traded away that trust?’ John Dickerson asked viewers on Wednesday.

We Got This Covered

‘Sold out the country’: Adam Kinzinger torches Trump’s latest deal as sleazy quid pro quo

Score one for Trump-style corruption.

BANG Premier

Matthew McConaughey to reteam with Nic Pizzolatto for Mike Hammer film

Matthew McConaughey is to play detective Mike Hammer in a new film, with a script written by True Detective's Nic Pizzolatto.

International Business Times UK

Paramount–Skydance Merger in Crisis: Trump Lawsuit and Cost Cuts Jeopardise Deal

Paramount's board is wary of approving a settlement that could be seen as a bribe while awaiting FCC clearance.

Barchart

Heavy, Unusual Volume in Paramount Call Options - Investors Love PARA Stock

Today, heavy, unusual trading volume in long-dated Paramount Class B call options highlights investors' bullish views on PARA stock. Investors are anticipating the merger with Skydance to close, which should boost its FCF growth.

The Guardian - US

Senators question Paramount over efforts to settle Trump lawsuit

Warren, Wyden and Sanders push for information to determine if media company violated federal bribery statute

The Guardian - US

Chief executive of CBS News stepping down amid tense Trump legal battle

Wendy McMahon cites disagreements with parent company as it faces $20bn Trump lawsuit and merger

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