ABC 7 Denver 1651 Posted June 3 Share Posted June 3 https://www.cnbc.com/2024/06/03/paramount-skydance-merger-deal-update.html https://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=7000341982 1 Link to comment Share on other sites More sharing options...
mre29 1436 Posted June 3 Share Posted June 3 Does this make CBS the Eye in the Sky looking at you? (It can read your mind.) Link to comment Share on other sites More sharing options...
channel2 926 Posted June 3 Share Posted June 3 No deal has been announced yet. Link to comment Share on other sites More sharing options...
ABC 7 Denver 1651 Posted June 3 Author Share Posted June 3 5 minutes ago, mre29 said: Does this make CBS the Eye in the Sky looking at you? (It can read your mind.) Not with the way that Skydance produces sequels as almost half their projects. 15 minutes ago, channel2 said: No deal has been announced yet. The deal will be confirmed this week. Just pushing this ahead of the announcement. Link to comment Share on other sites More sharing options...
MorningNews 1361 Posted June 4 Share Posted June 4 David Faber is reporting it. You can take that to the bank. 1 Link to comment Share on other sites More sharing options...
Rusty Muck 4362 Posted June 5 Share Posted June 5 (edited) On 6/3/2024 at 6:20 PM, channel2 said: No deal has been announced yet. And it still hasn't been announced. Supposedly Shari Redstone is still thinking it over, after all, she has the final say. That she hasn't indicated anything yet is enough to make one curious. Edited June 5 by Rusty Muck 1 Link to comment Share on other sites More sharing options...
Megatron81 222 Posted June 10 Share Posted June 10 I wonder if Shari Redstone will say yes to the Skydance deal which will selloff CBS & Viacom cable networks as all that Skydance wanted was the Paramount studios only. Link to comment Share on other sites More sharing options...
HanSolo 65 Posted June 10 Share Posted June 10 On 6/5/2024 at 5:53 PM, Rusty Muck said: And it still hasn't been announced. Supposedly Shari Redstone is still thinking it over, after all, she has the final say. That she hasn't indicated anything yet is enough to make one curious. Things that make you go hmmmmm......for all those who remember the '90s anyway Link to comment Share on other sites More sharing options...
SDHIll1980 41 Posted June 10 Share Posted June 10 It kinda makes you wonder, if CBS is sold off from Paramount, who gets the TV library? Back when CBS and the old Viacom split up, Paramount's TV library went to CBS and merged into what's still now CBS Studios. Link to comment Share on other sites More sharing options...
ABC 7 Denver 1651 Posted June 10 Author Share Posted June 10 1 hour ago, SDHIll1980 said: It kinda makes you wonder, if CBS is sold off from Paramount, who gets the TV library? Back when CBS and the old Viacom split up, Paramount's TV library went to CBS and merged into what's still now CBS Studios. That won't happen though. In the CNBC article that I shared, it said, Quote "In early May, Apollo and Sony formally expressed interest in acquiring Paramount for about $26 billion, CNBC previously reported. However, Redstone has favored a deal that would keep Paramount together, and Apollo and Sony planned to break up the company, CNBC previously reported." In that case, Sony would have kept Paramount and the studios, while Apollo would have taken CBS - and likely would have started to sell it for parts like they have done with Cox stations, maybe even reorganizing Cox stations around CBS. 3 Link to comment Share on other sites More sharing options...
TVLurker 178 Posted June 11 Share Posted June 11 the discussions have ceased. https://www.cnbc.com/2024/06/11/national-amusements-stops-discussions-with-skydance-on-paramount-deal-sources-say.html screw you Shari. Link to comment Share on other sites More sharing options...
AmericanErrorist 129 Posted July 5 Share Posted July 5 It's back on. A go-shop provision has also been instituted, which means that other parties can make an offer for Par. Link to comment Share on other sites More sharing options...
MD TV 218 Posted July 7 Share Posted July 7 Link to comment Share on other sites More sharing options...
ABC 7 Denver 1651 Posted July 7 Author Share Posted July 7 See!!! I'm prescient as f*ck. Link to comment Share on other sites More sharing options...
AmericanErrorist 129 Posted July 8 Share Posted July 8 (edited) Jeff Shell, the former NBC exec who will come aboard the post-merger entity as President, has stated that “I personally think the linear business is going to be a strong business for decades to come...” https://deadline.com/2024/07/linear-tv-cbs-broadcast-paramount-jeff-shell-bundle-1236003157/ Edited July 8 by AmericanErrorist 1 1 Link to comment Share on other sites More sharing options...
Megatron81 222 Posted July 8 Share Posted July 8 Jeff Shell isn't going to sell off CBS once the merger is approved and a done deal in a few months from now. Link to comment Share on other sites More sharing options...
JTT 74 Posted July 8 Share Posted July 8 (edited) I'm surprised a large tech company did not want to make an offer like Apple? A few years ago, rumors were thar Apple wanted to purchase Disney, which owns ABC. Edited July 8 by JTT Link to comment Share on other sites More sharing options...
Rusty Muck 4362 Posted July 8 Share Posted July 8 1 hour ago, JTT said: I'm surprised a large tech company did not want to make an offer like Apple? A few years ago, rumors were thar Apple wanted to purchase Disney, which owns ABC. Why did the Ford Motor Company not buy up horse-and-buggy dealerships of their choosing in 1924? The answer should be fairly obvious. 2 hours ago, AmericanErrorist said: Jeff Shell, the former NBC exec who will come aboard the post-merger entity as President, has stated that “I personally think the linear business is going to be a strong business for decades to come...” https://deadline.com/2024/07/linear-tv-cbs-broadcast-paramount-jeff-shell-bundle-1236003157/ Because MTV, VH1, Comedy Central and Teen Nick are unsalable assets no one in their right mind would want to buy. Simple as that. To be very blunt, Larry Ellison's money can not save this dumpster fire of a company, no matter how much his trust fund kid wants to play pretend media mogul. 1 Link to comment Share on other sites More sharing options...
Rusty Muck 4362 Posted July 8 Share Posted July 8 2 hours ago, Megatron81 said: Jeff Shell isn't going to sell off CBS once the merger is approved and a done deal in a few months from now. Because the mass consolidation of the past decade eliminated the available pool of buyers for the network and owned-stations. Think about it, Nexstar is going to lose WPIX because they refuse to sell anything and Sinclair can't sell their small-market stations which have been on the block for months. Link to comment Share on other sites More sharing options...
HanSolo 65 Posted July 8 Share Posted July 8 It’s easy to take a stand and not sell when no one wants what you’re peddling. Not holding my breath that anything of actual value comes from the deal. Maybe there’s some value in the office equipment they can sell at a yard sale. Because there’s not a lot else to wring cash from. That said, Godspeed to the employees impacted. Link to comment Share on other sites More sharing options...
channel2 926 Posted July 8 Share Posted July 8 1 hour ago, Rusty Muck said: Why did the Ford Motor Company not buy up horse-and-buggy dealerships of their choosing in 1924? The answer should be fairly obvious. I feel like you're ignoring the movie and TV libraries Paramount owns - which would be the real attraction. But a Big Tech firm being interested in that would undermine a key principle of the Streaming Wars™: that content is interchangeable and ultimately disposable. 3 Link to comment Share on other sites More sharing options...
NowBergen 579 Posted July 8 Share Posted July 8 An interesting tidbit Shell said courtesy of the Wrap: "I think if there’s going to be a change for CBS, we’re going to probably manage it a bit more aggressively for cash flow, meaning making some harder decisions on time periods and things like that going forward, which you have to when you have a declining business.” Curious to know what is behind his time periods comment. Content or will they do what NBC evaluated and then decided not to pursue regarding the 10pm hour? I'm sure we will see more cheap reality crap. 1 Link to comment Share on other sites More sharing options...
mre29 1436 Posted July 8 Share Posted July 8 1 hour ago, Rusty Muck said: Because MTV, VH1, Comedy Central and Teen Nick are unsalable assets no one in their right mind would want to buy. Simple as that. They're unsalable because, with a few exceptions, they mostly show reruns, terrible reality shows, or reruns of terrible reality shows. Also, I would think most teenagers don't watch linear TV these days... Don't forget about the digital multiplex channels such as MTV2, MTV Live, MTV Classic, etc. Surprisingly, MTV Classic actually shows music videos...but I bet more people watch those on YouTube. 4 1 Link to comment Share on other sites More sharing options...
SDHIll1980 41 Posted July 8 Share Posted July 8 (edited) 36 minutes ago, mre29 said: They're unsalable because, with a few exceptions, they mostly show reruns, terrible reality shows, or reruns of terrible reality shows. Also, I would think most teenagers don't watch linear TV these days... Don't forget about the digital multiplex channels such as MTV2, MTV Live, MTV Classic, etc. Surprisingly, MTV Classic actually shows music videos...but I bet more people watch those on YouTube. Perhaps one thing I could agree with Mr. Muck is that all of the Paramount cable networks are all-rerun farms, outside of what you've mentioned. As an example, because I watch plenty of classic reruns on days I work from home (if I'm not watching news or sports), Logo is all-day/evening marathons of either Bewitched, The Facts of Life, The Nanny, Mama's Family, Will & Grace, Three's Company, or Married...with Children; the few original programs they had in the past that are still running have since moved to either MTV or VH1 (particularly RuPaul's Drag Race). BET Her is more or less another all-rerun channel, with repurposed content from linear BET or BET+, along with the annual simulcasts of their award shows. BET's Jams, Hip-Hop, and Soul channels also play all-day music videos. I don't watch any of the Nickelodeon channels or TV Land, and haven't in years. Comedy Central, of course, still has some original content, but most of their broadcast days are all-day reruns of the same dozen or so shows, or the same couple dozen movies they currently have rights to. Honestly, with the success of Pluto TV, they've made the Paramount cable networks rather useless, but they're still sticking around just to get retransmission dollars from the various TV providers around. Eventually, and who knows when, several of these networks will shutter and what original content they'll still offer can move to either Pluto or Paramount+ (or whatever becomes of that platform). Edited July 8 by SDHIll1980 1 1 Link to comment Share on other sites More sharing options...
DENDude 197 Posted July 8 Share Posted July 8 I wonder how this sky dance deal eventually affects CBS NEWS & CBS News & Stations? That will be interesting to watch. 2 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now