Billionaire investor Mario Gabelli still has not decided whether he’ll mount a legal challenge to Skydance Media’s merger with Paramount Global. Gabelli is the founder, chairman and CEO of GAMCO Investors, which represents clients who own about 12.5% of the Class A voting shares of Paramount Global. That makes the firm and its clients the […]

Paramount Global added 3.5 million new Paramount+ subscribers in its third quarter, but those gains failed to offset meaningful declines in its larger TV and film businesses. The owner of the CBS broadcast network, the Paramount movie studio and cable networks Comedy Central said third-quarter revenue fell 6% to $6.73 billion from $7.13 billion in […]

It’s no surprise, but Shari Redstone will officially part ways with Paramount Global for good once the media conglom’s deal with Skydance Media closes in 2025. Redstone will exit the Paramount board after Skydance and RedBird Capital Partners complete the two-part transaction to acquire Redstone’s National Amusements Inc. and then merge Skydance and Paramount, Variety […]