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As Paramount‘s $111 billion takeover of Warner Bros. Discovery gets closer to being completed, CNN is getting ready for what the merger will mean for the media company. Warner Bros. is CNN’s parent company, meaning the news property will be a major part of the acquisition alongside other assets including HBO, the Warner Bros.’ movie studio and…
Anderson Cooper bid farewell to CBS News‘ 60 Minutes on Sunday night after 20 years on the newsmagazine by praising the show’s “independence” and “trust it has with viewers.” “I hope 60 Minutes remains 60 Minutes,” he said in an interview on 60 Minutes Overtime. “There’s very few things that have been around for as…
David Ellison held an event at the at the U.S. Institute of Peace on Thursday in honor of Donald Trump, where the president reportedly spoke to guests for nearly an hour. According to a Friday report by The Times, CBS News executives and journalists were in attendance, including Bari Weiss and Norah O’Donnell. The acting…
Paramount‘s $110 billion mega-deal for Warner Bros. Discovery got the green light from WBD shareholders Tuesday morning, as they voted to approve the merger that would combine two of Hollywood’s legacy studios. The shareholders, however, rejected WBD CEO David Zaslav‘s lucrative compensation package, sending a message to its board in the process. The votes are…
While introducing Producers Guild of America Milestone Award nominee Jason Blum at the PGA Awards on Saturday night, Barry Diller made digs at David Ellison, as well as the guild itself, for giving the honor to people like Harvey Weinstein and Les Moonves in previous years. “Samuel Goldwyn, Adolph Zukor, Jack Warner — What would…
The war for the future of Warner Brothers continues, as Paramount Skydance announced Monday an amended all-cash offer for the legacy movie studio. The offer includes an “irrevocable personal guarantee” from a major backer, Oracle billionaire Larry Ellison, to provide tens of billions in equity financing for the deal. It’s the latest move by Ellison’s…
The board of Warner Bros. Discovery officially rejected David Ellison‘s $30 per share hostile bid for the company, telling shareholders that it remains “inferior” to the Netflix deal, and carries “numerous significant risks and costs on WBD.” With the rejection official, Paramount will need to persuade WBD shareholders to tender their shares at that price,…
Despite his 26 years in a traditional media job, ultimately rising to CEO of what was then Viacom, Tom Freston had no interest in writing a traditional business book. Instead, Unplugged: Adventures From MTV to Timbuktu, published by Gallery Books, is a story of one former mogul’s adventures around the world. “Most people who are…
Ramsey Naito is the latest executive at Paramount to depart the studio as CEO David Ellison continues his leadership shakeup. Naito, who has been the president of Paramount Animation since September 2021, shared in a message to employees Wednesday evening, “I want to share with you that I am leaving the company and closing this very special…
John Oliver used his main segment on Sunday’s Last Week Tonight to take a close look at Bari Weiss, the newly appointed editor-in-chief of CBS news. Earlier this month, Paramount announced that it had officially acquired The Free Press, the digital publication founded by Weiss, and would bring Weiss into the fold of CBS News,…