Paramount President Jeff Shell agreed to exit the company after being entangled in a legal battle with a controversial Las Vegas gambler and self-styled “fixer.” Paramount announced his departure Wednesday after the two sides negotiated an amicable resolution to the drama. Paramount said its external review into Shell’s conduct, initiated by Paramount’s board of directors,…
The Writers Guild of America reached a tentative deal with studios and streamers on Saturday morning. Variety reports the deal will be four years long instead of the standard three-year deal. There are no immediate details on what the plan entails, but one of the key changes the WGA was fighting for was an improvement in…
The fleeting hopes by Northern California horsemen that as long as Golden Gate Fields was still standing, racing, even if only as a simulcast or gaming facility, could one day return to Northern California, were dashed on Monday when The Stronach Group (TSG) entered into a deal to sell the 141-acre facility to a nonprofit,…
Warner Bros. Discovery shareholders will soon render a verdict on Hollywood’s biggest merger in nearly a decade. Warner has set an April 23 special meeting of stockholders to vote on the company’s proposed sale, for $31-a-share, to the Larry Ellison family’s Paramount Skydance. The $111-billion deal is expected to reshape the entertainment industry by combining…
California Atty. Gen. Rob Bonta is asking a judge to unravel Nexstar Media Group’s $6.2-billion acquisition of rival TV station owner Tegna — the latest in a flurry of merger twists. Nexstar announced late Thursday that it had consummated the Tegna takeover — despite a lawsuit that Bonta and seven other Democratic state attorneys general…
KTLA-owner Nexstar Media Group said it has closed its deal to acquire rival Tegna’s TV stations, despite opposition from eight state attorneys general who filed a lawsuit to block the merger. The acquisition was approved by the Federal Communications Commission’s Media Bureau and the Justice Department, Irving, Texas-based Nexstar said Thursday. “This transaction is essential…
A group of attorneys general are taking legal action to block Nexstar Media Group’s proposed $6.2 billion acquisition of Tegna’s TV stations, calling the deal bad for consumer cable bills and local journalism. A lawsuit filed Wednesday in U.S. District Court in Sacramento says the proposed deal by eight state law enforcers including California Atty….
California Atty. Gen. Rob Bonta called out the federal government for largely vacating its role as antitrust regulator, saying it’s now up to California and other states to look out for consumers’ interests. Bonta, the state’s top law enforcement officer, spoke Thursday at a Capitol Forum conference in Beverly Hills on antitrust issues and the…
