After near collapse, the duo finally crosses the finish line With several false starts and a near collapse, the Paramount-Skydance deal is finally done. Announced Sunday evening, Paramount Global and Skydance finally agreed to merge in a two-step process: First, Skydance will purchase National Amusements – a company long held by the Redstone family for $2.4 billion and pay another […]
The freefall continues for WBEZ while turmoil reigns supreme The tensions between union members of WBEZ and Sun-Times and management continue to escalate as they recently cast a vote of “no confidence” in supposedly soon-to-exit CEO Matt Moog, with 96 percent of those taking part not happy with his performance. In a letter sent to the Chicago Public Media’s Board […]
Future uncertain for the studio A merger between Paramount Global and Skydance has collapsed as controlling company National Amusements has ended talks. National Amusements, Inc. (NAI) is the controlling shareholder of Paramount Global, owned by Shari Redstone, daughter of the late Sumner Redstone, who ran NAI and controlled the former Viacom. She reportedly had a deal with Skydance, run by […]
His position to be reconditioned as an “Office of the CEO” as company’s bid with Skydance hangs in the balance Coming as no surprise given the speculation surrounding his future was a hot topic all weekend, Paramount CEO Bob Bakish has stepped down. In his place, Paramount announced a new management structure called the “Office Of The CEO,” run by […]
Paramount, Skydance advance merger talks; Iger survives Disney proxy board vote The fallout continues from the decision to lay off fourteen employees at WBEZ and Sun-Times owner Chicago Public Media last Wednesday, with a Chicago alderperson from the city’s 49th Ward on the far North Side being the latest to weigh in. “Seeing the increases, seeing the benefits, and then […]
The “V of Doom” officially dies as Viacom name is retired after 51 years as focus shifts to streaming During an investor event conference call on Tuesday, ViacomCBS announced a rebrand of its entire company as it becomes Paramount Global, though its being referred to as simply Paramount (the name and website domain of Paramount Global was already taken by […]
A mountain of entertainment awaits the home viewer As the streaming wars continue to heat up, ViacomCBS announced Tuesday it was ditching the CBS All Access name and rebranding as Paramount Plus, or Paramount + beginning in early 2021, with a dedicated website already launched. The move to freshen up the streaming service comes as other big conglomerates have jumped […]
Split in 2005, both companies re-merge in order to compete with other entertainment giants In news that was expected for several months, it is now official: CBS Corporation and Viacom, Inc. are re-merging after nearly fifteen years apart. The company will be known as ViacomCBS. The reunification returns several well-known properties to one roof: CBS, with its top-rated broadcast network, […]
Huge change means uncertainty at Black Rock The end has come for one of media’s most known media executives due to sexual harassment complaints. Les Moonves was officially forced out as Chairman, President, and CEO of CBS Corporation after 23 years with the company as a sexual harassment scandal surrounding him continues to grow. The move came as a second […]
Murphy Brown, Magnum P.I. lead eight new programs for next season CBS unveiled its 2018-19 lineup with the ongoing battle between CBS and Viacom as a backdrop. As you know by now, the two companies are at a tug-of-war over a proposed merger with CBS suing majority shareholder National Amusements over control. CBS CEO Les Moonves was absent at CBS’ […]
Also: CBS/Viacom merger dead; Hairspray Live! earns decent reviews and ratings; Alan Thicke dies Remember the message Jonathon Brandmeier put up on his website back two months ago when he said ” [We’ll] continue on the air until it’s officially over – or until they literally pull the plug?” Well, they just did. Cumulus and Westwood One abruptly pulled the plug on Brandmeier’s […]
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