Latest news with #FCCapproval
Washington Post
3 days ago
- Business
- Washington Post
Paramount gets green light for $8 billion merger. But what is the psychic cost for company?
With this week's FCC approval , the merger between Paramount Global and Skydance Media is expected to be completed in the coming weeks at a value of $8 billion. The question for the new company is whether the psychic cost is much higher. It has been a particularly rough few months at Paramount-owned CBS, where the settlement of a lawsuit regarding '60 Minutes' and announced end of Stephen Colbert's late-night show has led critics to suggest corporate leaders were bowing to President Donald Trump.
Yahoo
3 days ago
- Business
- Yahoo
FCC approves Paramount-Skydance deal: What now?
The Federal Communications Commission has approved the merger between Paramount (PARA) and Skydance. MoffettNathanson senior analyst Robert Fishman explains what challenges lie ahead for Skydance and what could happen with CBS Sports. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. But as far as where we are today, I think what what Skydance is looking to do is obviously try to turn that around with adding capital um and removing the challenges that that Paramount has had in terms of the debt overhang. So, really what what Skydance and the consortium is looking to do, um not gonna be a very easy task, but but at least hopeful to do, is is really reinvigorate the company through adding capital and and really trying to invest in this company going forward. Robert, are there any implications from the 60 minutes settlement, the Colbert cancellation? You know we had, of course, the South Park episode criticizing Trump and Paramount for that matter. Is there any implications from that friction between the content creating side of the business and the management side of the business? Well, for now, I think um everything is uh at least uh trying to to figure that answer out. So, um I I think, given that it hasn't been under the Skydance um necessarily ownership um because that the ownership has not been formally transferred yet. Um you you mentioned that they did just get the FCC approval. So, I I think all of that has been under the the current ownership. So, the the question as far as that you're asking is really remains to be seen as far as what what the impact is going to be going forward once Skydance takes over. Um, what do you think happens with the the sports business, CBS sports there? Yeah, it's a really great question. Um, one that that we spent a lot of time starting to think about. Really um, what this comes down to is the importance of sports within the overall company and the strategy going forward for all of these media companies, but but even more so for CBS and CBS sports, and what that means for Paramount going forward because um, clearly, the focus of this company and the growth that that Skydance is hoping to uh stand to to benefit from, is really going to be from Paramount Plus. So, we've long criticized Paramount Plus in terms of essentially giving away all all of this sports content as part of their streaming offering at at a significant discount to the the general population to to to all of the viewers and subscribers, but really what Skydance can come in and try to reshape this sports strategy, whether they want to make sports a a premium um event at this company, and how they're going to include that within Paramount Plus is is an open question. How much they're really going to be investing in sports going forward? We think that there's clearly an appetite and and a strong desire um given the importance that sports still means to this company, and to some of the executives that that are taking over. But at the same time, that the question is, are they willing to put all of their uh new investments towards sports, or do they feel like they have to spread it out um to to different content genres? Related Videos Intel earnings, Paramount-Skydance deal, Tesla rises FCC approves Paramount & Skydance merger: What to know The Takeaways From the Paramount-Skydance Deal FCC Approves Paramount-Skydance Merger With Caveats Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
