According to an SEC filing, it has been confirmed that four Paramount Global directors will not seek re-election at the upcoming annual meeting. As a result, the board will be reduced to seven directors.
Paramount
Four board members of Paramount Global are reportedly planning to leave the company as merger discussions with Skydance Media heat up.
Paramount triumphs in "Top Gun" copyright battle as US District Judge dismisses lawsuit. The decision underscores the protection of factual elements and sets a precedent for sequel disputes.
S&P Global considers a credit rating downgrade for Paramount Global due to weakened cash flow amid its shift from linear TV to streaming.
As the media firm looks for ways to cut costs and increase earnings this year, Paramount Global is reportedly laying off approximately 800 employees, or about 3% of its workforce.
Byron Allen, through his company Allen Media Group, has made a $30 billion bid to acquire Paramount Global.
Paramount CEO Bob Bakish announced job cuts, joining an industry trend of layoffs.
Warner Bros. Discovery and Paramount Global are reportedly in early talks about a potential merger.
Media stocks experienced a significant uptick on Friday after a report of Apple and Paramount agreeing to provide a bundled package featuring their respective streaming services.
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