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NEW YORK (AP) — Skydance and Paramount officially closed their $8 billion merger on Thursday — kicking off the reign of a new entertainment giant after a contentious, over year-long endeavor to get the transaction over the finish line. The new company — which will trade under the “PSKY” ticker on Wall Street — brings Paramount’s legacy Hollywood footprint, major TV networks like CBS and MTV, streaming services and more under the roof of a new power player: billionaire Skydance founder David Ellison. “Today marks an exciting and pivotal moment as we prepare to bring Paramount’s legacy as a Hollywood...

Jon Stewart does not sound like he is losing sleep over “The Daily Show” potentially being canceled if Skydance’s acquisition of Paramount is approved. Stewart, on the Thursday episode of his “The Weekly Show” podcast, was asked if he is concerned the deal would spell the end of the long-running comedy program, in part because of his recent criticism of Paramount and President Donald Trump. The 62-year-old comedian said he is not worried about it. “You know, unfortunately, we haven’t heard anything from [Paramount or Skydance]. They haven’t called me and said like, ‘Don’t get too comfortable in that office.’”...

Protesters gathered in New York City to hold a “We’re With Colbert” rally on Sunday in support of the recently canned ” The Late Show” host. The rally was held outside of the CBS Broadcast Center on Manhattan‘s West Side, according to the New York Post. The outlet noted that only around 20 people showed up to the event, with most attendees — including the New York Police Department (NYPD) officers assigned to keep the peace — leaving shortly after it began. “Our country is not perfect, never has been,” the event organizer told the outlet. The event organizer went...

This week has demonstrated that the tech “broligarch” who’s most influenced President Donald Trump’s second administration isn’t Elon Musk, Peter Thiel, or Marc Andreessen—it’s Oracle co-founder Larry Ellison, the 80-year-old software tycoon who recently became the second-richest man in the world. Just look at everything that’s gone his way. On Thursday evening, the Federal Communications Commission finally voted to approve Paramount’s $8.4 billion merger with fellow entertainment firm Skydance Media. The controversial, long-awaited deal only came about thanks to Paramount’s appeals to this administration: settling a baseless lawsuit that Trump brought against 60 Minutes for “deceptively” editing its Kamala Harris...

The media conglomerate Paramount announced Wednesday afternoon that the creators of “South Park” had agreed to produce 50 new episodes over the next five years in a deal reportedly valued at $1.5 billion. Ten hours later, “South Park” creators Matt Stone and Trey Parker excoriated Paramount — and aggressively skewered President Donald Trump — in the premiere episode of the Comedy Central show’s 27th season. In the episode, Trump (voiced by Stone) sues the town of South Park for $5 billion after they challenge Jesus Christ’s presence in their elementary school. The townspeople are prepared to fight back, but Jesus...

A Compton man who allegedly hurled concrete blocks at federal officers last month in Paramount was arrested Wednesday after fleeing to Mexico, authorities said. Elpidio Reyna, 39, was placed on the FBI’s Most Wanted List following his participation in a standoff against federal agents after they conducted a raid at a nearby Home Depot on June 7. … Reyna was charged in a federal criminal complaint with allegedly assaulting a federal officer on June 8. In the complaint, prosecutors allege he was identified as the man wearing a "Zacatecas" jersey and a yellow helmet in a series of videos, one...

President Donald Trump announced Tuesday he had reached a settlement with CBS and Paramount triggered by a 60 Minutes interview with Vice President Kamala Harris. 'We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes, CBS, and Paramount,' Trump wrote on Truth Social. 'Just like ABC and George Slopadopoulos, CBS and its Corporate Owners knew that they defrauded the American People, and were desperate to settle.' Trump said that Paramount/CBS/60 Minutes paid $16 million in the settlement and anticipated an additional $20 million from the new owners of CBS in advertising, PSAs or similar...

President Donald Trump crowed over the settlement in his lawsuit against “60 Minutes,” CBS, and Paramount on Tuesday — which stemmed from a selectively edited interview of former Vice President Kamala Harris — calling it a “BIG AND IMPORTANT WIN!” Trump first shared the news in a post on his Truth Social platform, where he also took aim at ABC News and anchor George Stephanopoulos over their recent payout in a similar lawsuit. “BREAKING NEWS! We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes, CBS, and Paramount,” Trump posted. “Just like ABC and...

Sen. Adam Schiff, D-Calif., and Sen. Elizabeth Warren, D-Mass., said the public "deserves to know" whether CBS’s decision to cancel "The Late Show with Stephen Colbert" on Thursday was politically motivated. "Just finished taping with Stephen Colbert who announced his show was cancelled. If Paramount and CBS ended the Late Show for political reasons, the public deserves to know. And deserves better," Schiff wrote.

CBS announced the cancellation of the Late Show with Stephen Colbert - just days after the host blasted the network's $16 million settlement with President Trump as a 'big fat bribe.' Colbert's show, which began in 2015, will now come to an end in May 2026, executives with the network and Paramount, its new parent company, announced on Thursday. 'The Late Show with Stephen Colbert will end its historic run in May 2026 at the end of the broadcast season,' they said in a statement. 'We consider Stephen Colbert irreplaceable and will retire the Late Show franchise at that time,'...

CBS' "The Late Show with Stephen Colbert" will be ending in 2026, the network announced Thursday. "'THE LATE SHOW with STEPHEN COLBERT' will end its historic run in May 2026 at the end of the broadcast season," CBS said in a statement. "We consider Stephen Colbert irreplaceable and will retire 'THE LATE SHOW' franchise at that time. We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television." CBS said it was "purely a financial decision against a challenging backdrop in late night," adding, "It is...

"CBS has announced that The Late Show with Stephen Colbert will end in May 2026, bringing the show’s historic run—and the Late Show franchise itself—to a close."Colbert addressed the show’s cancellation himself while taping tonight’s show."

California Governor Gavin Newsom and Los Angeles Mayor Karen Bass could both face federal charges over their response to ICE raids in the city, President Trump’s border czar Tom Homan has warned. As violence tore apart sections of downtown LA, Compton and the suburb of Paramount, the administration has accused the Golden State Dems of fueling tensions, which exploded in riots on Saturday. “Someone is going to lose their life,” Homan warned, speaking to NBC News. He said that he has not ruled out asking the Department of Justice to prosecute the elected officials for allegedly having a role in...

Shari Redstone-controlled Paramount is poised to settle a closely watched legal battle with President Trump over alleged deceptive editing of a controversial “60 Minutes” interview with Kamala Harris – but warring factions within the company have delayed the move, On The Money has learned. The media giant is said to be willing to spend up to $50 million to end the $20 billion lawsuit brought by Trump, thus lifting a legal black cloud that is that is hampering Redstone’s plans to sell Paramount, and its CBS News subsidiary at the center of the lawsuit, to independent studio Skydance in a...

Pressure is mounting on Paramount Global from both the inside and outside as it considers settling a high-stakes lawsuit brought by President Donald Trump. Lawyers for Trump and Paramount entered mediation last week, signaling the company’s potential willingness to resolve the whopping $20 billion suit filed by Trump accusing CBS News of election interference over its handling of the “60 Minutes” interview last year with then-Vice President Kamala Harris. That interview, which was part of a primetime election special that also featured her Democratic running mate, Minnesota Gov. Tim Walz, earned an Emmy nomination last week for Outstanding Edited Interview....

Billionaire Barry Diller has come out as gay - but insists he enjoyed a full sexual relationship with fashion designer wife Diane Von Furstenberg. Diller, a renowned media exec who previously served as CEO for both Fox and Paramount, opened up about his homosexuality in a soul-baring article penned for New York magazine Tuesday. The 83-year-old credited with creating the Fox channel wrote of Von Furstenberg: 'While there have been a good many men in my life, there has only ever been one woman. 'And she didn’t come into my life until I was 33 years old.' Diller and Von...

Last week, 60 Minutes’ executive producer Bill Owens resigned in protest — but Owens and the rest of the news program have never taken responsibility for their own corruption.Last week, Bill Owens, the executive producer of CBS’ flagship news program 60 Minutes, resigned, “citing encroachments on his journalistic independence,” per The New York Times. In the first show since the news of Owens’ resignation broke, 60 Minutes ended the program with a glowing, if dubious, tribute to Owens that has since gone viral online. The program took the unusual step of alleging unethical behavior by CBS’ corporate parent Paramount for...

Adrienne Roark, CBS News’ president of editorial and newsgathering, is leaving the company for a senior position at Tegna. Her exit comes just seven months after being named president of the operation. Her departure comes at a time when CBS is facing a $20 billion lawsuit from President Trump, who has claimed CBS and “60 Minutes” deceptively edited an interview with Kamala Harris leading up to the 2024 election. Roark’s exit also comes as Paramount Global, the parent company of CBS, and Skydance Media are moving closer towards a planned merger — a deal that was given the green light...

Another day, another half-truth from the mainstream media. This time, CBS’s 60 Minutes wants you to believe Kristina Drye was “fired” from USAID during the agency’s chaotic shutdown. But there’s a problem with that narrative—she wasn’t a USAID employee. Not even close. Drye was a speechwriter working for XLA and Jefferson Partners, firms that provided services for USAID Administrator Samantha Power. When Power resigned, Drye’s contract ended. That’s not a firing. That’s what happens when your boss leaves and the job disappears. But CBS didn’t bother telling you that, did they? The USAID shutdown wasn’t some random event—it was part...

FIRST ON FOX: President Trump scored a victory on Tuesday when a judge deemed CBS and Paramount’s motion to dismiss "moot" as his election interference and news distortion lawsuit moves forward. Trump filed a $10 billion lawsuit against CBS News in October, alleging election interference over its handling of a "60 Minutes" interview, accusing the network of aiding his Democrat rival Vice President Kamala Harris through deceptive editing one month before the election. Last week, Trump’s legal team amended the original lawsuit after the release of the unedited transcript and raw footage of its controversial "60 Minutes" interview. The lawsuit...