Skydance Deal Sparks Studio Protest Over Paramount Chair Payout [Yahoo! Finance Canada]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg In a filing with the Federal Communications Commission, reviewed by Bloomberg News, Fuse echoed concerns raised by money manager Mario Gabelli that Redstone is receiving a higher premium than other Class A shareholders. The new company could better spend that money “investing in operational functions, such as the production of local news or general entertainment content,” Fuse wrote. “This would be contrary to the Commission's charge to promote localism, viewpoint diversity, and the public interest generally.” Skydance Media and Paramount Global are merging via a series of transactions. Skydance founder David Ellison, the son of Oracle Corp. founder Larry Ellison, and partner RedBird Capital Partners are buying out the Redstone family's National Amusements Inc., which owns the majority of the voting stock in Paramount. In October, the Ellison family told the FCC that the younger Ellison would control the family's voting interest in the combined company.
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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