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Saturday, May 18, 2024

Paramount Floundering with Super Bowl on Horizon

  • Paramount Global is exploring a merger with Skydance Media.
  • The merger could potentially see the media giant drop CBS, Nickelodeon in an effort to continue the cord cutting trend.
Kirby Lee-USA TODAY Sports

Paramount Global is exploring a sale as cord cutting continues to eat into its margins and its deal for NFL rights creates as many problems as it solves. CNBC’s Alex Sherman joins for an in-depth report on the trajectory of the legacy media company, and its longtime competitors, Comcast, Disney, and Fox.

Plus, Jannik Sinner claims his place in tennis’ youth movement with an Australian Open victory, NBA commissioner Adam Silver is nearing an extension, and the NFL teased something happening in Accra, Ghana.

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