Paramount Global has nominated three new directors to its board ahead of its annual shareholder meeting scheduled for July 2, 2025. This board expansion increases the total number of directors to seven, following the decision of board member Judith McHale not to stand for re-election. The nominations come amid ongoing challenges for Paramount, including a pending lawsuit involving former President Donald Trump and a Federal Communications Commission (FCC) review of its proposed merger with Skydance. The Skydance deal is awaiting approval, with expectations for the merger to close around June 30, 2025. Meanwhile, the FCC is facing a reduction in its membership as two commissioners, including Republican Nathan Simington, have announced their departures this week, leaving the five-member panel with only two active members. This development raises concerns about the FCC's capacity to act during the ongoing regulatory reviews, including the Paramount-Skydance merger. The current Paramount board members range in age from 62 to 77 years old, with the new additions being among the younger members.
Two FCC commissioners announce that they'll depart this week, creating three vacancies on the five-member panel amid reviews of the Paramount-Skydance merger (@kelceegriffis / Bloomberg) https://t.co/8lE6WuQhB0 https://t.co/7pRZLfdU6I
Paramount-Skydance Watch: Wall Street Analyst Increasingly Concerned Deal May Collapse https://t.co/fLeE7fIi53
The FCC is supposed to be a five-person panel. It currently has 2 members. @KelceeGriffis https://t.co/Xtz5udlECP