The Paramount-Skydance Deal

It appears that Paramount is inching closer to a deal with Skydance as the buyer.

If you work in TV news, you might be saying, “I’ve never heard of Skydance.”

If you have watched a Tom Cruise movie, then you know Skydance. Skydance produces major content, they don’t produce news.

The reason Skydance is so interested in Paramount is for its global operations and the Paramount studios.

If the two sides reach a deal, my guess is that Skydance will turn right around and sell off the CBS O&Os and maybe even CBS itself. This would greatly help Skydance pay down the loans of purchasing Paramount.

So, if Skydance does indeed buy Paramount, look for the O&Os to be quicly spun off.

I don’t believe that Skydance has any interest in local television.

Stay tuned…