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Mario Gabelli, a prominent money manager, has requested a Delaware court to compel Paramount Global to provide documents regarding its merger with Skydance Media. This request comes amid concerns that the merger, initially expected to receive swift regulatory approval, is now facing prolonged scrutiny. Reports indicate that the incoming chair of the Federal Communications Commission (FCC), Brendan Carr, has stated that there will be no expedited approval for the merger until the new management of Skydance Media provides a complete account of potential favorable edits in interviews with Vice President Kamala Harris and President Joe Biden that aired on '60 Minutes'. This development has led to speculation that the Paramount-Skydance deal could remain in a state of regulatory limbo for an extended period.
$PARA Incoming FCC chair promises Skydance no "quick and clean" approval to merge with Paramount until new management gives a full accounting of possible favorable edits of VP Harris and President Biden 60 Minutes interviews
Incoming FCC chair promises Skydance no "quick and clean" approval to merge with Paramount (PARA) until new management gives a full accounting of possible favorable edits of VP Harris and President Biden 60 Minutes interviews
SCOOP: Incoming @FCC chair @BrendanCarrFCC promises @Skydance no "quick and clean" approval to merge w @paramountco until new management gives a full accounting of possible favorable edits of @KamalaHarris and @JoeBiden @60Minutes interviews, and vows that internal DEI polices…
