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     IndieWire on MSN.com

     This Was the Week That Cable TV Died

     Cable television was born in the late 1940s but not heavily adopted in the U.S. until about 40 years later. It’s taken all of three days this week to pronounce it dead.

     2 days ago

   • 

     CNN

     Paramount cuts 15% of US staff, writes down $6 billion in latest sign of TV troubles

     Paramount Global, the storied media conglomerate, will lay off 15% of its US staff and took a $6 billion write down on its cable television networks as it prepares to merge with Skydance Media

     3 days ago

   • 

     Los Angeles Times on MSN.com

     Paramount Global takes $6-billion write-down. Layoffs to hit 15% of staff

     Paramount's disclosure comes on the heels of struggling rival Warner Bros. Discovery saying its own cable business is worth $9 billion less than it was two years ago.

     4 days ago

   • 

     TheWrap on MSN.com

     Paramount Global Q2 Net Loss Balloons to $5.4 Billion as Company Takes $5.98 Billion Impairment Charge on Cable Networks

     Paramount Global's net losses widened to $5.4 billion during its second quarter of 2024 as the media giant recorded a goodwill impairment charge of $5.98 billion for its cable networks, as well as $15 million to reduce the carrying values of FCC licenses in two markets to their estimated fair values.

     4 days ago

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2. www.nytimes.com › 2024/07/07 › businessMeet David Ellison, the CEO of Skydance and Paramount’s New ...

   www.nytimes.com › 2024/07/07 › business

   Jul 7, 2024 · David Ellison, head of Skydance, in 2015. His company’s merger with Paramount puts him in charge of a media empire that includes CBS, MTV and the Paramount movie studio. Sam Comen for The New ...

3. www.latimes.com › entertainment-arts › businessDavid Ellison’s journey from trust fund kid to media mogul ...

   www.latimes.com › entertainment-arts › business

   Apr 22, 2024 · Oracle CEO Larry Ellison is said to be supporting his son’s bid to acquire Paramount. (Eric Risberg / Associated Press) Ellison initially gave his children 90,000 shares of Oracle, according to ...

   • Author: Stacy Perman
   • Occupation: Staff Writer

   • Email: stacy.perman@latimes.com

4. www.latimes.com › entertainment-arts › businessTech scion David Ellison's Skydance Media gains control of ...

   www.latimes.com › entertainment-arts › business

   Jul 8, 2024 · July 7, 2024 Updated 8:58 PM PT. Tech scion David Ellison’s months-long quest to win control of Paramount Global crossed the finish line Sunday, in a deal that marks a new chapter for the long ...

5. deadline.com › 2024 › 07David Ellison's Skydance Taking Over Paramount In ... - Deadline

   deadline.com › 2024 › 07

   • Cached

   Jul 7, 2024 · David Ellison's Skydance Media has announced an $8 billion deal to take over Paramount Global, capping a seven-month quest. ... Get our Breaking News Alerts and Keep your inbox happy.

6. www.nytimes.com › 2024/07/09 › businessDavid Ellison Poised to Become a New Mogul in a Diminished ...

   www.nytimes.com › 2024/07/09 › business

   Jul 9, 2024 · On Sunday, the Redstone family reluctantly relinquished Paramount, passing the studio to David Ellison, the tech scion behind a 14-year-old entertainment company called Skydance. Jessica Chou for ...

7. www.latimes.com › entertainment-arts › businessSkydance's David Ellison closes in on Paramount deal - Los ...

   www.latimes.com › entertainment-arts › business

   Jun 3, 2024 · David Ellison’s Skydance Media is close to clearing a major hurdle in its pursuit of Paramount Global. ... work recognized by the Pulitzer Prize board as a finalist in breaking news. A member of ...

8. People also ask

   Who is David Ellison?

   • David Ellison, head of Skydance, in 2015. His company’s merger with Paramount puts him in charge of a media empire that includes CBS, MTV and the Paramount movie studio. Sam Comen for The New York Times David Ellison’s Hollywood career has been defined by high-octane blockbusters filled with suspense, stunts and improbable plot twists.

   Meet David Ellison, Paramount’s Future Boss and Hollywood’s Newest …

   www.nytimes.com/2024/07/07/business/media/david-ellison-paramount-skydance.html

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   Will David Ellison take over Paramount global?

   • David Ellison’s Skydance Media is close to clearing a major hurdle in its pursuit of Paramount Global. The media giant’s committee of independent board members has signaled its approval for Ellison’s takeover of the storied company, according to four people familiar with the situation who were not authorized to comment.

   Skydance's David Ellison closes in on Paramount deal - Los Angeles Times

   www.latimes.com/entertainment-arts/business/story/2024-06-03/skydances-david-ellison-closes-in-on-paramount-deal

   See all results for this question

   Who is David Ellison & Jeff Shell?

   • The sides have made it official: David Ellison’s Skydance Media has set a deal with Paramount Global that calls for Ellison to become chairman and CEO of an enhanced Paramount while former NBCUniversal CEO Jeff Shell will take operational reins as president.

   Skydance Media, Paramount Global Reach Sale Agreement - Variety

   variety.com/2024/tv/news/paramount-skydance-ellison-redstone-acquire-deal-1236062041/

   See all results for this question

   Why was David Ellison attracted to Paramount Pictures?

   • David Ellison was attracted to the deal because of his past collaborations with Paramount Pictures and the allure of combining their intellectual properties as well as the cachet of owning a historic studio, analysts said. Paramount’s rich history contains popular franchises including “Transformers,” “Star Trek,” “South Park” and “Paw Patrol.”

   Tech scion David Ellison's Skydance Media gains control of Paramount

   www.latimes.com/entertainment-arts/business/story/2024-07-07/david-ellison-paramount-deal-shari-redstone

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9. variety.com › 2024 › tvSkydance Media, Paramount Global Reach Sale Agreement - Variety

   variety.com › 2024 › tv

   • Cached

   Jul 7, 2024 · Skydance Media and Paramount Global have reached an agreement calling for David Ellison to take the reins as chairman-CEO and Jeff Shell as president. ... News; Jul 7, 2024 2:50pm PT