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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.
After finally getting approval from the Federal Communications Commission, Skydance Media is just weeks away from completing its $8-billion merger with Paramount Global, leading to sweeping changes for some of the most iconic media brands.
CBS canceled Stephen Colbert's late night show last week. By not appreciating, defending and nurturing The Late Show Paramount is muzzling its best voices, and diluting its own broadcast future.
A $20 million PSA deal for the Trump administration is reportedly now part of the Skydance-Paramount merger story. The cancellation of The Late Show with Stephen Colbert is also adding to the upheaval,