Paramount Global Could Close Sale Of Simon & Schuster By Year End, CFO Says; Company “Open Minded” To Broader Media M&A

SkyShowtime Boss Monty Sarhan Says "We Are Sending A Message" On Pricing & Believes There Could Be More Bundling In Future

Asked about broader M&A potential, he said, “it’s probably unwise to bet against consolidation” and Par tries to be “thoughtful” about opportunities. “Whether Paramount is a seller of assets or a consolidator of assets, we’ll have to see. But we remain very open-minded to those possibilities.” However, as witnessed by the scuttled publishing deal, the U.S. regulatory climate is pretty tough right now, he noted on the conference sidelines.

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