Quick resolution
The urgency to settle the lawsuit stems from the fact that the two sides were headed toward an antitrust trial set for March 2027, which also included a complaint filed by the Writers Guild of America opposing the mega merger. In addition, if the deal wasn’t completed by Sept. 30, Paramount Skydance would have to pay shareholders a 25-cent-per-share “ticking fee,” which reportedly comes out to $650 million per quarter.
Meanwhile, CNN CEO Mark Thompson has tried to reassure staffers during this uncertain period, saying in one of the company’s most recent global town halls that they should execute their strategy “with confidence and gusto” and not get too consumed by the unknown.
