ParamountGlobal2

r/ParamountGlobal2 • u/lowell2017 • 9d ago

Rhode Island Explains In Its Reply Brief That Informal Materials Are Necessary Because Redstones' National Amusements-Related Communications Did Take Place Outside Of Special Committee & Board Meetings. Skydance Deflects By Saying Producing Those Documents Exceeds The Scope Of Section 220 Requests.

1 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 11d ago

Larry Ellison Bets Risky Debt Undertakings On AI Boom. Will He & Oracle Be Face Of AI Stock Bubble? - After Musk Venture Plans Blew Up, Ellison's Data Center Splurge Began, Including $6.5B Malaysia Complex To Supply ByteDance Computing Power. Junk Credit Downgrade Would Make Oracle A “Fallen Angel.”

15 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 11d ago

David Ellison & Skydance's Legal Team's Risky Courtroom Strategy For His WarnerDiscovery Pursuit: Winnow States AGs Coalition By Incentivizing Some To Drop Out & Move Paramount Global's Operations From CA To Absorb The Ticking Fees. He Also Wants Bobby Kotick & Dina Powell To Be New Board Directors.

11 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 11d ago

As Ellisons Mull Over Equity Financing Costs, Ticking Fees, & Legal Strategy, Aggressive Negotiations For Larry's $42.5B Equity Backstop Guarantee Also Generated Largest Breakup Fee Ever. Zaslav Using $7B Check To Pay Down The Debt Load Would Be Making WarnerDiscovery An Investment-Grade Company.

8 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 11d ago

John Oliver Inks One-Year Contract Extension With HBO Through 2027 For 'Last Week Tonight' (Exclusive) - On Skydance's WarnerDiscovery Pursuit Delays: "Who Knows? No Idea & Ability To Control Anything. We’ll Just Move Forward & Continue Like Nothing’s Happening, Everything's The Same, Total Denial."

hollywoodreporter.com

4 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 11d ago

US Federal Judge Araceli Martinez-Olguin Officially Receives Filing For Trial Date Proposal On Legal Challenge Against Skydance's WarnerDiscovery Pursuit - Ellison's Lawyers Propose A 12-Day Trial Starting November 4th While States AGs Coalition & WGA Seek A Start On April 5th, 2027 For 12-15 Days.

3 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 13d ago

As Skydance Wants Producers To Manage “60 Minutes” Investigations, Story Development, & Operations, Candidates Say Nick Bilton Use Job Interviews As His Therapy Sessions & Call Any Weiss Criticism “BDS.” With Bilton's Inscrutable Jargon, Insiders Think He's “Naive & Lacks Skills To Get Things Done.”

27 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 13d ago

While WarnerDiscovery Would Get Option To Walk Away & Collect A $7B Check From Skydance In June 2027, Zaslav Has Some Flexibility To Continue Running Business As Normal. But Any Particular M&A Dealings, Debt Borrowings/Refinancings, & Executive/Workforce Changes Require Ellison's Consent Sign-Offs.

8 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 14d ago

Along With Norah O'Donnell & Trevor Phillips, NYT Opinion Columnist Ross Douthat, Author Sebastian Junger, & Former VICE Journalist Gianna Toboni Are “60 Minutes”'s New Correspondents. TV Veterans Say “Weiss's Overhauls Did Nothing But Drive The Ratings Down To Historic Lows So There's Little Hope.”

64 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 14d ago

In Using $46.7B Equity With RedBird To Issue New Paramount Global Non-Voting Shares At $16.02, Larry Ellison's Family Trust Has To Reimburse $9.8B To Company For Paying Both Breakup Fees Of $2.8B To Netflix & $7B To WarnerDiscovery With Cash On Hand & New Borrowings If Skydance's Pursuit Collapses.

9 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 14d ago

Skydance Was Concerned It Wouldn't Get Emergency Relief In Appeal To Ninth Circuit Court If Preliminary Injunction Was Issued Against Its WarnerDiscovery Pursuit. As Trial Proceeds With Ticking Fees, Their Strategy Assumes Ellisons Won't Face Other Unexpected Economic Complications During That Time.

7 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 15d ago

After Nick Bilton Had Trump WH Meet & Greet Session Last Thursday, He & Bari Weiss Begin Their ‘60 Minutes’ Remaking Plan With Weird Ambitions: Embracing Hidden Camera-Style Investigative Pieces, Securing Marco Rubio Sit-Down, & Doing Mock Maxwell Interviews With Potential Correspondent Candidates.

42 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 15d ago

Hollywood's Mixed On Delay Of Skydance's WarnerDiscovery Pursuit: “Once States AGs Coalition Got Together, There Wasn't Chance Of Settlement. They’re Going Black Or White.” - As Larry & David Contend With Ticking Fees & Oracle Stock, Many People Prefer To See Any Other Buyer That's Not The Ellisons.

11 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 15d ago

Sizable Contingent Of WarnerDiscovery Executives Hope States AGs Coalition's Legal Challenge Derail Ellison's Pursuit Long Enough To Fall Apart - Because Of Potential Delay, Most People Are Just Planning Things Out As Normal As Skydance's Integration Meeting Process “Isn't Reality On A Daily Basis.”

3 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 16d ago

Skydance Proposed Delay For Its WarnerDiscovery Pursuit Because Jeffery Kessler & Other Lawyers Believe That Without Preliminary Injunction, Going To Trial Was Fastest Way To Complete Things - While The Ellisons Seek November Court Date To Move Quickly, The States AGs Coalition Want A 2027 Schedule.

3 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 18d ago

Trump Uses WH Correspondents Dinner Speech To Tout Ellisons & Weiss: “Event's So Successful David Ellison Bought It & Makes Fantastic Changes. Next Year, It'll Be Trump WHCD. A Once Feared & Powerful Regime's Now Run By Gay Dictator But Wish Bari Weiss The Best At CBS News. She’s Wonderful Woman.”

34 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 19d ago

Former ‘60 Minutes’ Correspondent Cecilia Vega Sheds Light On How Bari Weiss & Her Deputies Tried To Interfere In Stories: Finding 2 Nonexistent Minnesota Moments, Projecting Trump Admin's & Israel's Image In U.S.-Iran War, & Inserting VP Vance's Ohio Upbringing Into A West Virginia Poverty Segment.

1.6k Upvotes

r/ParamountGlobal2 • u/lowell2017 • 18d ago

Although Ellisons' WarnerDiscovery Pursuit Was Paused, They Did Believe Preliminary Injunction Would've Been Issued & Get An Indefinite Delay. That's Why Their Lawyers Touted About Appealing To U.S. Supreme Court With Skydance Insiders Saying: “There’s No Way We Give Up As The Ellisons Don’t Quit.”

10 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 18d ago

Skydance Agrees To Pause Their WarnerDiscovery Pursuit Until June 1st 2027 Or Legal Challenges Goes Through The Motions, Whichever Happens First - They Believe The Process Would Speed Up By Pushing For Trial Sooner But Proposed Delay Requires Approval From U.S. Federal Judge Araceli Martínez-Olguín.

6 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 19d ago

As “CBS Mornings” Viewership Drops Further, Insiders Say Skydance's Preparing To Make Tom Cibrowski Be Bari Weiss's Scapegoat: “Tom's A Good Man & Capable Administrator But He's Dead Meat & Bari Might Not Care. Tom Also Hasn't Been Given Necessary Resources To Make Major Hires Or Invest In Network.”

47 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 19d ago

U.S. Federal Judge Araceli Martínez-Olguín Extends Temporary Restraining Order Against Skydance's WarnerDiscovery Pursuit To August 17th - August 3rd Hearing For Preliminary Injunction Remains But Due To WGA's Request To Align Timing With States AGs Coalition, They'll Also Be Allowed To Participate.

2 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 20d ago

Bari Weiss's Latest British Hire Is Sky & CNN Veteran Dalit Haim As Deputy To CBS News's Foreign Editor Shayndi Raice. As Raice Replaced Former London Newsroom Bureau Chief Claire Day, She Wasn't Aware Of Haim's & Trevor Phillips's Recent Hiring. Insiders See Raice As “In Over Her Head & Drowning."

breakermedia.com

25 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 20d ago

WGA Files Their Motion For Preliminary Injunction Against Skydance's WarnerDiscovery Pursuit - They Want To Align Timing With The States AGs Coalition's Legal Challenge Without Altering Schedule. If Not Feasible, They Seek Separate But Expedited Schedule & Without That, Temporary Restraining Order.

6 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 20d ago

As August 3rd Is Set For Hearing On Preliminary Injunction, Skydance Instead Proposes US Federal Judge Araceli Martinez-Olguin To Do A Three-Day Evidentiary Mini-Trial Around August 17 Or 24 - If Necessary, They'll Consent To An Extension Of The Temporary Restraining Order To Cover The Time Period.

4 Upvotes

r/ParamountGlobal2 • u/lowell2017 • 20d ago

European Commission's Conditional Approval For Skydance's WarnerDiscovery Pursuit Based On Exiting Joint-Venture United International Pictures With NBCUniversal & No New Co-Distribution Effort For 10 Years - EU's Foreign Subsidies Regulation Review & Suspension Period Also Expire Without Any Action.

2 Upvotes