Ellison’s Fast and Furious Takeover
Earlier this month, David Ellison addressed investors on Paramount’s quarterly earnings call, in which he reiterated his talking points regarding the company’s proposed acquisition of Warner Bros. Discovery. During his remarks, the 43-year-old said again that the media conglomerate believes it is on track to clear the requisite regulatory hurdles and close its mammoth Warners deal by September—meaning it would avoid the “ticking fee” it will owe shareholders if the deal drags on beyond that month.
Behind the scenes at Paramount, however, the company has embraced a much more aggressive timeline, Status has learned. Indeed, according to multiple people familiar with the matter, Paramount actually hopes to…
Related Knowledge Center: State of the business model
The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.