Paramount Global Share Prices Fall Amid Leadership Changes and $8.4-Billion Merger with Skydance Media

Paramount Global (PARA) shares fell 5.38% to $12.31 on Monday due to leadership changes ahead of its $8.4-billion merger with Skydance Media. The merger, set to be effective on August 7, will see Paramount's CEO Tom Ryan step down and be replaced by David Ellison. The Federal Communications Commission approved the deal, transferring 28 CBS television station licenses to Larry Ellison. Skydance Media and private equity firm RedBird acquired Paramount, ending Redstone's 38-year control.

Paramount Global (PARA) shares fell by 5.38% to $12.31 on Monday, July 2, 2025, following the announcement of significant leadership changes ahead of its $8.4 billion merger with Skydance Media. The merger, set to be effective on August 7, will see Paramount's CEO Tom Ryan step down and be replaced by David Ellison [1].

The Federal Communications Commission (FCC) approved the deal, transferring 28 CBS television station licenses to Larry Ellison. Skydance Media and private equity firm RedBird acquired Paramount, effectively ending Redstone's 38-year control over the company [1].

The merger will combine the extensive entertainment and media assets of both companies, creating a new entity under the leadership of David Ellison. Skydance Media, founded by David Ellison in 2010, is known for its blockbuster films and successful television series. David Ellison's experience as CEO of Skydance Media and his track record of producing award-winning content across various platforms position him as a strong leader for the merged entity [1].

The new executive leadership team, announced by Skydance Media, includes David Ellison as the future Chairman and CEO, Jeff Shell as President, Andy Gordon as Chief Strategy Officer and Chief Operating Officer, George Cheeks as Chair of TV Media, Dana Goldberg as Co-Chair of Paramount Pictures and Chair of Paramount Television, and other industry veterans. This team brings a wealth of experience and strategic insight to drive Paramount’s transformation and future growth [1].

The merger also marks a significant shift in ownership, with RedBird and Skydance Media acquiring Paramount from the Redstone family. This change in ownership structure could have implications for the company's strategic direction and future financial performance.

Investors should closely monitor the integration process and the performance of the new leadership team. The success of the merger will depend on the ability of the new executive team to leverage the combined strengths of both companies and navigate the complex challenges of the entertainment and media industry.

References:
[1] https://www.globenewswire.com/news-release/2025/08/04/3126631/0/en/Skydance-Media-Announces-Proposed-Executive-Leadership-Team-for-Paramount-Following-Anticipated-Completion-of-Merger.html