Skydance Tells FCC Paramount Deal Will Boost CBS And Local Stations; Larry Ellison Will Control Company After Merger

Skydance and Paramount Global highlighted the impact that their proposed merger will have on CBS and local stations in a filing with the FCC that is part of initial steps to secure regulatory approval. The document also disclosed that Oracle co-founder Larry Ellison will own 77.5% of National Amusements, which will control Paramount Global, while […]