Former TV anchor Connie Chung said on Friday that the recent Paramount Global-Skydance Media merger could mark the end of CBS News as she once knew it.

Executive at Paramount Global can breathe a sigh of relief with FCC approval of its $8 billion merger with Skydance Media

Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.

Paramount’s cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges facing David Ellison as he takes control.

South Park creators, Trey Parker and Matt Stone, have hit billionaire status after their $1.5B Paramount deal, following CBS' cancellation of The Late Show with Stephen Colbert.

After an intense, scandal-plagued acquisition, here's what David Ellison gets in Skydance's acquisition of Paramount Global.

Paramount Global, the parent company of CBS, did its best to preempt the angst over its canceling of “The Late Show With Steven Colbert,” saying from the start that this

Paramount Global faces a tough turnaround as legacy media declines and streaming competition intensifies. Click here to find out why PARA stock is a Sell.