Paramount Global Town Hall Delayed After Skydance Offer, Co-CEOs’ Shareholder Presentation
deadline.comA town hall for Paramount Global employees originally scheduled to take place Wednesday has been delayed until June 25. In a note to employees obtained by Deadline, CEOs George Cheeks, Chris McCarthy and Brian Robbins recapped Tuesday morning’s annual shareholder meeting and also noted the rescheduling of the town hall. “Given the ongoing speculation regarding potential M&A, we want to be able to speak to you with as much candor and transparency as possible.
By moving the date, our hope is to do just that,” they wrote. The shift comes at a time that Paramount Global controlling shareholder, Shari Redstone, is mulling a merger offer from Skydance.
The shareholder meeting largely skirted the topic of M&A, and instead gave Redstone a chance to make the case for the unorthodox Office of the CEO structure.
She conceded it was unusual, but said it would harness the collective experience of three top execs with seasoning both at the company and in the entertainment industry.
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