Paramount, Skydance Fire Back at Critics of Their Pending Merger [Yahoo! Finance Canada]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The merger of Paramount, owner of CBS and MTV, with independent film producer Skydance Media had drawn criticism at the US Federal Communications Commission by LiveVideo.AI Corp., the Center for American Rights and Fuse Media. The FCC must approve deals involving the sale of broadcast TV stations. “These filings are procedurally defective, seek relief that raises constitutional concerns, and/or otherwise lack merit,” Skydance, Paramount and its controlling investor, National Amusements Inc., said in the filing. “Neither party identifies any transaction-related harm that could merit denying the applications or imposing conditions.” Paramount agreed to merge with Skydance in July. Under the terms, Skydance's founder David Ellison will become controlling shareholder of Paramount and its chief executive officer. The companies also said measures proposed by the Center for American Rights may be unconstitutional. The center, a nonprofit that has filed compl
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