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Paramount Sports Entertainment: New Division & Jesse Sisgold Lead

by Julia Evans – Entertainment Editor
written by Julia Evans – Entertainment Editor

Paramount Global Launches Paramount Sports Entertainment, Tapping Jesse Sisgold to Lead New Division

HOLLYWOOD – Paramount Global is making a notable push into sports entertainment with the launch of a new division, Paramount Sports Entertainment. the company announced today that Jesse sisgold, former president and COO of Skydance Media and chairman of Skydance Sports, will lead the new venture.

Paramount Sports Entertainment will focus on producing both scripted and unscripted programming for Paramount’s platforms and for sale to third-party media companies and streaming services. The division will also develop sports-focused interactive games and experiences, working directly with athletes, creators, leagues, and brands.

The new division will also incorporate Skydance Sports, the joint venture with the NFL responsible for projects like prime Video’s Air and Netflix’s America’s Team: The Gambler and His Cowboys.

According to Paramount CEO David Ellison, the new division is designed to complement, not replace, CBS Sports, led by David Berson, which concentrates on live sports programming and studio shows. the two divisions are expected to collaborate on future projects.

“We are incredibly excited to expand paramount’s best-in-class sports portfolio with the launch of our new sports Entertainment division with Jesse at the helm,” Ellison stated. “Blending cutting-edge technology,innovative entertainment,and the power of our media platforms,our goal is to deliver the very best in storytelling while reimagining how fans engage with the sports thay love. This division embodies our fan-first ideology and our dedication to delivering a full spectrum of sports entertainment that engages and inspires fans at every level.”

The move reflects the growing importance of sports-adjacent content in the media landscape, highlighted by recent rights deals like the NFL’s $111 billion agreement and the NBA’s $77 billion deal.Paramount is also looking to capitalize on the potential of sports-related gaming, leveraging Skydance Games to explore opportunities beyond established franchises like Madden and NBA2K.

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Entertainment

FCC Chairman Praises Skydance’s “Commitment To Serious Changes At CBS”

by Julia Evans – Entertainment Editor
written by Julia Evans – Entertainment Editor

Skydance Pledges CBS News Overhaul, FCC Chair Approves

Ombudsman, DEI Changes Eyed in Paramount Merger

FCC Chairman Brendan Carr expressed satisfaction with Skydance Media’s proposed changes for CBS News, contingent on its acquisition of Paramount Global. The commitments, detailed in a recent FCC filing, include appointing an ombudsman and overhauling diversity policies.

Commitments Spark Regulatory Debate

Skydance outlined its intent to install an ombudsman for a two-year term, reporting to the new Paramount president. This move aims to boost transparency and accountability within the news division. The company also pledged to ensure a range of programming reflects diverse political and ideological viewpoints, aligning with audience perspectives.

“I was very pleased to see Skydance put in a filing that says, ‘If this deal goes through, they are committing to serious changes at CBS. I think that would be a good thing. They’ve committed to addressing bias issues. They committed to embracing fact based journalism. They’ve also committed to either not extending or removing hideous forms of DEI discrimination. I think those are all significant that they’ve offered. And so we’ll take a look at that.”

—Brendan Carr, FCC Chairman

The filing further stated Skydance’s commitment to a comprehensive review of CBS operations to ensure public interest standards are met, promising fair, unbiased, and fact-based reporting. This voluntary pledge mirrors a commitment made by Comcast during its merger with NBCUniversal.

Criticism Mounts Over First Amendment Concerns

In stark contrast, the sole Democratic commissioner, Anna Gomez, sharply criticized Skydance’s filing. She argued that the company’s agreement to implement controls over newsroom decisions and editorial content represents a “cowardly capitulation” and a direct violation of the First Amendment.

“The company also said it will comply with its agency’s ideological demands to undermine efforts to combat discrimination and expand equal opportunity.”

—Anna Gomez, FCC Commissioner

Gomez voiced her concerns about the ombudsman role, stating it would “serve as a check on the news division.” She also addressed widespread public complaints about perceived bias and unfairness in network news reporting, noting the irony of discussing declining trust in journalism while past administrations have reportedly contributed to skepticism toward mainstream media.

The timeline for a decision on the merger remains uncertain, with no indication if the full commission will intervene. Media analysts note that the average American spends approximately 4.5 hours per day consuming media, highlighting the significant public interest in how news organizations operate (Statista 2024).

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Entertainment

Trump Lawsuit: Paramount’s $16M Settlement Explained

by Julia Evans – Entertainment Editor
written by Julia Evans – Entertainment Editor

Paramount Settles Trump Lawsuit for $16M Amid Skydance Deal

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By early spring, Paramount Global faced a multifaceted crisis, including a lawsuit from former President Trump over a CBS News “60 Minutes” interview with Kamala Harris. The settlement, widely viewed as essential for securing government approval for paramount’s $8 billion sale to David Ellison’s Skydance Media, became a critical point of contention. The resolution involved a $16 million payment to Trump, allowing Paramount to proceed with the Skydance deal and CBS to uphold its journalistic principles.

The Trump-Paramount Legal Battle: A Timeline

The legal battle between Paramount and former President trump stemmed from a “60 Minutes” segment featuring an interview with then-Vice President Kamala Harris. Trump alleged that edits to the interview were manipulated to boost Harris’s election chances,leading to a lawsuit demanding $20 billion in damages. The situation escalated further when CBS aired a segment critical of Trump’s targeting of law firms, prompting threats of an additional defamation lawsuit. The settlement, finalized shortly before Paramount’s annual shareholder meeting, involved a $16 million payment to Trump, covering his legal fees, with the remainder earmarked for his future presidential library. this settlement was crucial for Paramount to proceed with its sale to Skydance Media.

Key Players in the Paramount-Skydance Deal

The paramount-Skydance deal involved a constellation of power players, including Shari Redstone, David and larry Ellison, Ari Emanuel, Wendy McMahon, and Jeff Shell. Larry Ellison’s close relationship with Trump added another layer of complexity to the negotiations. redstone’s family finances, strained by debt obligations, served as a catalyst for the sale. The deal, initially seen as a sure bet, faced unexpected hurdles due to the “60 Minutes” controversy. Larry Ellison, co-founder of Oracle, is a key figure in this deal.

Did You Know? The initial demand from Trump’s team was a $100 million payout, which Paramount successfully negotiated down to $16 million.

The Stakes for Paramount Global

The settlement with Trump allowed Paramount to focus on its prospective sale to Skydance, a deal crucial for the company’s survival. The company withstood demands for an apology, protecting its journalistic ethics and Frist Amendment rights. The eight-month skirmish with Trump highlighted Paramount’s vulnerabilities and divisions within the company. The deal with Skydance is expected to reshape one of Hollywood’s original studios and the broader entertainment landscape.

Pro Tip: Settlements like these frequently enough involve non-disclosure agreements,limiting what parties can publicly discuss about the details.

The “60 Minutes” Controversy: A Closer look

The controversy began when “60 Minutes” invited both Trump and Harris for pre-election interviews. While Harris participated, Trump backed out. CBS News proceeded with the Harris interview, leading to accusations of manipulated edits. Trump’s lawsuit alleged that the edits amounted to election interference. CBS News denied the allegations, stating that the edits were routine. The situation underscores the delicate balance between journalistic integrity and political sensitivities.

key Metrics and Timelines
Event Date Amount
Trump Lawsuit Filed October 2024 $20 Billion (Demanded)
Settlement Agreement May 2025 $16 Million (Paid)
skydance Deal Expected Completion TBD $8 Billion (Deal Value)

The Future of Paramount and Skydance

With the Trump lawsuit settled, Paramount can now fully focus on finalizing the Skydance deal. The merger promises to bring new leadership and financial stability to the media giant. The deal’s success hinges on regulatory approvals and the integration of the two companies. The entertainment industry is watching closely to see how this merger will reshape the landscape.

What impact do you think this settlement will have on the future of Paramount Global? How will the Skydance deal affect the entertainment industry?

Evergreen Insights: The Evolution of Media Conglomerates

the Paramount-Skydance deal reflects a broader trend of consolidation in the media industry. Media companies are increasingly merging to gain scale and compete with tech giants like Netflix and Amazon. These mergers often involve complex negotiations and high stakes,as companies navigate regulatory hurdles and shareholder interests. The future of media conglomerates will likely involve further consolidation and a focus on streaming services.

Frequently Asked Questions About the Paramount-Trump Settlement

Why did Paramount settle with Trump?
Paramount settled to remove a major obstacle to its sale to Skydance Media and avoid further legal battles.
How much did Paramount pay Trump in the settlement?
Paramount paid Trump $16 million as part of the settlement agreement.
What was the Trump lawsuit about?
The lawsuit stemmed from Trump’s allegations that CBS News manipulated a “60 Minutes” interview with Kamala harris.
What is the Skydance deal?
The Skydance deal involves the sale of Paramount Global to David Ellison’s Skydance Media for approximately $8 billion.
How will the Skydance deal affect Paramount?
The Skydance deal is expected to bring new leadership and financial stability to Paramount Global.
What role did Larry Ellison play in the Paramount settlement?
Larry Ellison’s close relationship with Trump added complexity to the negotiations, as his son David is leading the Skydance acquisition.
What were the key issues in the Paramount Trump settlement?
The key issues were the alleged manipulation of the “60 Minutes” interview, the potential impact on the Skydance deal, and Paramount’s commitment to journalistic ethics.

Disclaimer: This article provides news and analysis and does not constitute legal or financial advice. Consult with a professional for specific guidance.

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Entertainment

Trump Backs Paramount-Skydance Merger: Details

by Julia Evans – Entertainment Editor
written by Julia Evans – Entertainment Editor

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Trump’s Endorsement of David Ellison‘s Paramount Global Takeover Faces Hurdles

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Former President Donald Trump has publicly endorsed david Ellison’s $8 billion takeover of Paramount Global, a deal currently under federal review. This endorsement comes amidst a significant complication: Trump’s own $20 billion lawsuit against CBS, a subsidiary of Paramount, stemming from a “60 Minutes” interview [CBS News].

Trump’s Support and the FCC Review

On Wednesday,as reporters gathered at the White House,Trump voiced his support for the Paramount-Skydance deal,which has been awaiting approval from the Federal Communications Commission (FCC) since late last fall.”Ellison is great. He’ll do a great job with it,” Trump stated, expressing his hope for the deal’s triumphant completion.

however, Trump also suggested a connection between the delay in the merger review and his ongoing lawsuit against CBS and its parent company, Paramount, concerning a “60 Minutes” interview with then-Vice President Kamala Harris [FCC].

Did You Know? The FCC is responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable in the United States.

The “60 minutes” Controversy and Lawsuit

Since October, Trump has alleged that the “60 Minutes” interview with Kamala Harris was deliberately edited to enhance her image before the November election.CBS has refuted these claims, asserting that the edits were standard practice and that Harris was accurately quoted. Despite this, Trump’s legal team argues that the broadcast caused him “mental anguish.”

Trump described Harris’s response in the interview as “election-threatening” due to its perceived incompetence. While First Amendment experts have labeled Trump’s lawsuit as frivolous, Paramount is keen to avoid a protracted legal battle, as it could impede the Skydance acquisition, which requires FCC approval.

Mediation and Executive Departures

The mediation process aimed at resolving the lawsuit, filed in a Texas court, has been lengthy. Trump noted that two high-level CBS executives-the head of CBS News and the executive producer of “60 Minutes”-have recently left their positions as the merger review continues.

“They’re all getting fired,” he said.

Court documents filed by Trump’s legal team last week requested an extension in the discovery process, indicating ongoing efforts to reach a settlement.

Ellison’s Engagement with Trump

earlier this month, David Ellison and Trump had a brief meeting at a UFC fight in New Jersey, marking their second encounter at a UFC event this year. Skydance has declined to comment on these interactions.

The Paramount-Skydance Deal: Key Details

It has been almost a year since Shari Redstone, Paramount’s controlling shareholder, and other directors approved the $8 billion deal that would transfer the company to David Ellison, whose father, Larry Ellison, is a known Trump supporter. The agreement also involves the ellison family acquiring National Amusements Inc., the Redstone investment vehicle.

Skydance, based in Santa Monica, plans to integrate its operations and personnel into Paramount, consolidating assets such as the Paramount film studio, Paramount+ streaming service, CBS, and cable channels like Comedy Central, Showtime, and BET.

Pro Tip: Keep an eye on FCC filings and announcements for updates on the regulatory review process of the Paramount-Skydance deal.

The Final Regulatory Hurdle

The final regulatory step is FCC Chairman brendan Carr’s approval to transfer 29 CBS television station licenses from the Redstones to the Ellisons. The Senate recently confirmed Olivia Trusty, Trump’s second Republican appointee, to the FCC.

Key Players in the Paramount Global Deal
Name Role Significance
Donald Trump Former President of the United States Endorsed the deal; lawsuit against CBS complicates review.
David Ellison Head of Skydance Seeking to acquire Paramount Global.
shari Redstone Controlling Shareholder of Paramount Approved the skydance deal.
Brendan Carr FCC Chairman

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