Paramount Global shares rise 1.01% after-hours following Skydance Media's board designees announcement.

Paramount Global rose 1.01% in after-hours trading, with the company's merger with Skydance Media being a significant factor. Skydance Media announced its full slate of board designees for Paramount Skydance Corporation, including David Ellison as the new Chairman of the Board. The new Board will consist of 10 directors, including three independent directors, bringing expertise from media, technology, and finance sectors. This news is likely seen as positive for Paramount Global, as it indicates a strong leadership team for the merged entity.