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In a landmark deal that will shake up the entertainment landscape, Shari Redstone has agreed to sell control of Paramount Global to a consortium led by Skydance, the production company led by David Ellison, and Gerry Cardinale’s RedBird Capital. The sale, assuming it is approved by regulators and completed (and assuming a better bid does…
Shari Redstone, the chair of Paramount Global and president of National Amusements, will be honored at the Simon Wiesenthal Center and the Museum of Tolerance’s National Tribute Dinner — an annual gathering of many of the most powerful and influential people in Hollywood — with the organizations’ highest honor, the Humanitarian Award, The Hollywood Reporter has learned exclusively. The…
Paramount CEO Bob Bakish’s Pay Rises to $32M in 2022, as Company Adds Dawn Ostroff to Board Paramount Global CEO Bob Bakish saw his total compensation rise in 2022 to $32 million. The company filed its annual proxy statement Friday afternoon, disclosing the pay bump. Bakish’s compensation package totaled $20 million in 2021. The jump…
“CBS News boss Neeraj Khemlani faces internal HR review” The cost-cutting CBS News boss who clashed with Norah O’Donnell is facing an internal human-resources review over complaints about his sharp-elbowed management style, The Post has learned. CBS News co-president Neeraj Khemlani — who was accused of being “rude” and “micromanaging” as he pared jobs and…
“#CBS News staffers chafing under new cost-slashing boss Neeraj Khemlani” A tough, new boss at CBS News is slashing costs in a bid to revamp the struggling network — and he’s also provoking complaints from employees, with some grumbling that he is “rude” and “micromanaging.” Rank-and-file at the third-place network gripe that co-president Neeraj Khemlani…
“#ViacomCBS shakes up Paramount Pictures by splitting divisions” ViacomCBS is shaking up the operations of its movie and TV studio, Paramount Pictures, separating the units and putting new executives in charge of each, according to reports. Under the new structure, the movie division, which is known for flicks like “A Quiet Place” and “The SpongeBob…
“#Shari Redstone’s ViacomCBS mega-merger a mess” A few years ago, it seemed that Shari Redstone hit the jackpot: Not only did she finally get rid of her chief tormentor in Les Moonves, she also pushed through a long-sought formal merger of the two companies she controlled, CBS and Viacom. The merger was a career moment…
“#ViacomCBS waiting for other suitors: sources” Shari Redstone is hitting pause on any potential partnership talks between her media company ViacomCBS and NBC owner Comcast in hopes of lining up more suitors, The Post has learned. The billionaire heiress, who serves as chairman of ViacomCBS, has decided to hold off until next year before re-engaging…
“#ViacomCBS inks six-year, $900 million ‘South Park’ deal” ViacomCBS said it has inked a $900 million deal for new episodes of “South Park,” even as growth in streaming and advertising lifted the company’s second-quarter results. The New York-based media giant, which owns MTV, Nickelodeon and CBS, said Thursday that it cut a lucrative deal with…
“#Amid mega-mergers and acquisitions, ViacomCBS may be in play” In the world of mergers and acquisitions, Wall Street bankers have an old saying: “Everyone talks to everyone.” The cliché describes those preliminary M&A powwows between CEOs that are so commonplace, you probably shouldn’t label them “deal discussions.” Except on those occasions when they deserve that…