Paramount's $8.4 billion Skydance merger faces FCC challenge by Center for American Rights [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
the Federal Communications Commission (FCC) to challenge the planned $8.4 billion merger between Paramount Global and Skydance Media, a filing showed on Tuesday. China's Tencent Holdings' investment in Skydance sparks concerns about foreign influence on U.S. media, the firm said. The group also said Paramount's CBS News division "has a troubling track record of ideological bias and news manipulation" and the CBS Television division has shown "racial discrimination in hiring and promotion". Paramount declined to comment, while Skydance did not immediately respond to Reuters request for comment. In July, David Ellison's Skydance struck a deal with Paramount to combine the two media houses in a complex two-step process, ending months of discussion and speculation about the future of one of Hollywood's oldest studios. The merger is expected to close in the first half of 2025. The deal would combine Paramount, home of such classic films as "Chinatown," "Ferris Bueller's Day Off
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PARAA
Earnings
- 11/8/24 - Beat
PARAA
Sec Filings
- 12/12/24 - Form SC
- 12/11/24 - Form 8-K
- 12/3/24 - Form 4
- PARAA's page on the SEC website