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More on the craziness going down at @paramountco now w @LizClaman on @FoxBusiness $PARA
I do kind of love what a mess media is - today alone Paramount is in the middle of merger talks, going to replace the CEO and announce earnings!
Skydance's exclusive window ends. A Charter carriage deal ends. Upfront advertising meetings begin. And uh, maybe a new executive team? It's a make or break week for Paramount, and the stakes are high. https://t.co/Ad2v5Mg1V7
Paramount Global is in the midst of a tumultuous acquisition saga as media heiress seeks to sell, triggering mayhem and uncertainty. Top divisional heads plan to cut over $2 billion in costs if no deal materializes. RedBird and David Ellison are advancing in the race for Paramount. Anxiety prevails as Paramount Global prepares to unveil a new leadership structure amidst M&A war games and succession-style drama. Redstones and Ellison aim to appease angry investors as Paramount faces a make-or-break week with potential CEO replacement and earnings announcement looming.