Merger closed with company now trading as Paramount Skydance Corp. (PSKY), led by David Ellison; Paramount’s statement and wire coverage link closing to FCC’s July approval and contemporaneous settlement of high-profile lawsuit involving presidential speech
Trump Media begins trading under ticker DJT at $8.4 billion valuation, with Trump holding 69-78.75% of shares, creating unprecedented presidential conflict of interest through media and financial entanglement. Trading was volatile, with stock price jumping over 50% and trading briefly halted.
The FCC, led by Chairman Michael Powell (son of Secretary of State Colin Powell), votes 3-2 along party lines to dramatically ease media ownership restrictions despite overwhelming public opposition. The new rules would increase the national TV ownership cap from 35% to 45% of U.S. households and …
The FCC, led by Chairman Michael Powell (son of Secretary of State Colin Powell), votes 3-2 along party lines to dramatically ease media ownership restrictions despite overwhelming public opposition. The new rules would increase the national TV ownership cap from 35% to 45% of U.S. households and …
In 1985, Rupert Murdoch orchestrated a pivotal expansion of his media empire through strategic acquisitions and regulatory maneuvering. Key developments include acquiring 50% of 20th Century Fox in March for $162 million and purchasing Metromedia television stations for $3.5 billion in May. Most …