Skydance Media CEO David Ellison will control 100% of the Ellison family’s voting interests in Paramount Global when the two companies’ $8 billion merger closes in the first half of 2025, according to an amended filing with the Federal Communications Commission on Tuesday.
The filing, which is required due to the sale involving the transfer of broadcast licenses related to the CBS Television Network and local TV stations, states that David will be new Paramount’s chairman and CEO and the “sole manager” of Hikouki LLC, Furaito LLC, and Aozora LLC — the entities through which the Ellison family will own and control National Amusements Inc.
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