PSKY

Paramount CEO David Ellison has promised not to sell off assets or cut content spending.

Paramount has ‌said it will ​not ​close its $110 billion ⁠acquisition ​of Warner ​Bros before July 22, ​the ​Oregon attorney general's ‌office ⁠said, pushing out the ​timeline ​for ⁠the deal's ​closure by ​an ⁠additional week.

The Oregon attorney general ​will ask a ‌court to order Paramount to comply with investigative ​demands related to ​its bid to acquire ⁠Warner Bros, according ​to documents reviewed by ​Reuters.

When I wrote at the end of last year that Paramount Skydance CEO David Ellison's pursuit of Warner Bros. Discovery would likely make him the next Rupert Murdoch, both media titans already shared plenty of similarities.

David Ellison's Paramount Skydance is reshaping its ad product and tech teams. Employees learned about the leadership shuffle in a late-June memo from EVP Hugh Williams.

Paramount has offered concessions in a bid to smooth over European Commission concerns about its $111B deal for Warner Bros Discovery.

The companies offered concessions to the commission to ease competition concerns about the planned $81 billion deal.

The UK government has indicated it could intervene in Paramount-Skydance Corp (NASDAQ:PSKY)'s proposed $110 billion acquisition of Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A), adding another layer of regulatory scrutiny to the media merger. UK Culture Secretary Lisa Nandy said Tuesday she is "minded to intervene" in the transaction, citing concerns over media plurality and the concentration of ownership in the news sector.

The UK culture secretary could be about to put a spanner in the works for one of the biggest media deals in history.

Hyundai activated across BETX FanFest, the BET Awards Red Carpet and BET's Icon of the Year Award honoring actress Teyana Taylor LOS ANGELES, June 29, 2026 /PRNewswire/ -- Hyundai Motor America today announced its first-ever sponsorship of the BET Awards and BET Experience 2026, which marked a new partnership with one of entertainment's most influential celebrations of Black culture, music, creativity and achievement. "Hyundai is proud to have been part of culture's biggest night and to have debuted as a sponsor of the BET Awards and BET Experience," said Randy Parker, president and CEO, Hyundai Motor North America.