News Formal

Paramount's $8B Skydance merger faces fresh hurdles -- from '60 Minutes' to the Teamsters

  • 📰 nypost
  • ⏱ Reading Time:
  • 60 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 67%

Business Nouvelles

Media,Fcc,Larry Ellison

It is too early to know whether requirements to get the merger approved also could include turning over the raw transcript of the interview, according to the source.

Paramount Global’s $8 billion merger with Skydance Media faces a slew of fresh hurdles as it looks to gain US regulatory approval — from controversy over a “60 Minutes” interview with Kamala Harris to objections from the Teamsters union, sources told The Post.

Frontier Airlines CEO calls out travelers trying to avoid paying for carry-on baggage: 'These are shoplifters'Starbucks CEO reveals plan to get customers coffee in 'less than 30 seconds' While the DOJ has cleared the merger, the FCC on Nov. 15 set a new schedule for public comments, extending it to January after initially setting out a schedule on Sept. 6 that ended Nov. 1, according to public filings.At the time, the FCC cited an earlier filing that incorrectly stated tech billionaire Larry Ellison would have voting control over Paramount instead of his son David Ellison, the CEO of Skydance. Insiders, however, considered it a quibble intended to delay the process.

O’Brien gave a speech at the Republican National Convention, breaking with Teamsters tradition. The union head, who also has been spotted at Mar-a-Lago, alsoGetty Images The Teamsters claim layoffs would hurt local news coverage on Paramount’s 14 owned local CBS television stations, including New York’s WCBS. Similar concerns from Teamsters helped convince the FCC to sink hedge fund Standard General’s attempt last year to buy local TV station operator Tegna, sources said.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 91. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Major Paramount shareholder Mario Gabelli urges FCC to delay key decision on Skydance mergerGabelli requested the delay so that he could probe for “potential fiduciary and/or federal securities violations” against Paramount’s minority shareholders.
La source: nypost - 🏆 91. / 67 Lire la suite »

Skydance boss David Ellison to chop Paramount's three-headed CEO structure after merger: reportDavid Ellison, son of Oracle billionaire Larry Ellison who will run the combined company as chairman and CEO, is planning changes at Paramount.
La source: nypost - 🏆 91. / 67 Lire la suite »