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Stock impact report

TV Studio Raises More Red Flags Over Skydance-Paramount Deal [Yahoo! Finance]

Paramount Global - Class A (PARAA) 
Company Research Source: Yahoo! Finance
raise objections to the pending Skydance-Paramount merger, suggesting to a federal regulator that Paramount Chair Shari Redstone would be overpaid in the deal, to the detriment of the media business. Most Read from Bloomberg Hong Kong's Expat Party Hub Reshaped by Chinese Influx How California Sees the World, and Itself City Hall Is Hiring American Institute of Architects CEO Resigns London's Tube Fares Are Set to Rise by 4.6% Next Year 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 Paramou Show less Read more
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