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Paramount’s three-headed leadership structure will reportedly get shelved once the $8 billion merger with Skydance Media goes through — with two of the co-CEOs likely getting pushed out.

David Ellison, the current Skydance boss who will run the combined company as chairman and CEO, is planning a massive shakeup that could involve combining all of Paramount’s television assets, including CBS and MTV, into one unit, according to Bloomberg News.

Currently, the television properties are jointly run by co-CEOs Chris McCarthy and George Cheeks.

Cheeks, who is said to have a good relationship with Ellison’s deputy Jeff Shell, is expected to stay at the company, but McCarthy’s future is up in the air, Bloomberg reported.

Brian Robbins, the honcho in charge of Paramount Pictures and Nickelodeon, is the third member of the troika.

He is expected to depart the new company around the time the merger is consummated — which can happen as early as March — though people familiar with the matter told Bloomberg that no final decision on Robbins has been made.

Ellison — the son of billionaire Oracle co-founder Larry Ellison — has collaborated extensively with Robbins in recent years.

However, Ellison is said to be considering installing Dana Goldberg, Skydance’s head of production, as head of Paramount’s film studio, according to Bloomberg News.

The Post has sought comment from Paramount Global and Skydance.

Skydance helped finance most of Paramount’s blockbuster films over the last decade, including “Top Gun: Maverick” and the latest “Mission: Impossible” films.

In preparation for the close of the merger, Ellison and his top lieutenants have been meeting Paramount personnel to get an idea of how the company has been operating, according to Bloomberg.

In September, the debt-saddled media giant kicked off a second round of layoffs in its previously announced plans to cut 2,000 jobs.

Employees were told by Ellison that no decision has been made about any additional layoffs once the merger is finalized, Bloomberg News reported.

The consolidation of the television assets is a necessity for Ellison given the fact that viewers are abandoning linear broadcasting in droves.

Paramount’s film studio is also not expected to turn a profit this year, according to analysts.

McCarthy, Cheeks and Robbins have been running Paramount since April 29 following the ouster of CEO, Bob Bakish.

The executive’s relationship with Shari Redstone, the controlling shareholder of Paramount Global parent company National Amusements, reportedly soured after Bakish opposed the Skydance merger.

Redstone holds a 20% stake in NAI through two trusts in her name and is in line to receive about $350 million from its sale, according to Bloomberg.  

Aside from buying up the Redstone family’s entire 77% NAI stake for $2.4 billion, Skydance will pay $15 a share for as much as $4.3 billion of the common shares.

Paramount stock closed at $10.92 on Tuesday.

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Betting markets predict bullish 2025 for crypto

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Betting markets predict bullish 2025 for crypto

Prediction markets Kalshi and Polymarket anticipate a slew of wins for crypto in 2025.

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New discovery explains how gold forms in Earth’s volcanic zones!

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New discovery explains how gold forms in Earth's volcanic zones!

A breakthrough discovery by an international team of scientists has highlighted the role of a gold-sulfur complex in the formation of gold deposits on Earth. The study, co-authored by Adam Simon, Professor of Earth and Environmental Sciences at the University of Michigan, was recently . It details the previously unknown conditions under which gold is transported from deep within the Earth’s mantle to the surface.

Role of the Gold-Trisulfur Complex

According to the research, published in the Proceedings of the National Academy of Sciences (2024), a unique gold-trisulfur complex forms under specific pressure and temperature conditions in the mantle, situated 30 to 50 miles beneath active volcanic zones. This complex, which has been debated in scientific circles, plays a significant role in the enrichment of gold in magma that travels to the surface. The findings shed light on why certain subduction zones, where tectonic plates converge, are particularly rich in gold deposits.

Volcanic Activity and Gold Deposits

The study highlights subduction zones around the Pacific Ring of Fire, where volcanic activity is prevalent, as key areas for gold formation. These regions, including locations such as New Zealand, Japan, Alaska, and Chile, provide the ideal geological environment for magma to carry gold from the mantle to surface deposits. The researchers link the processes behind volcanic eruptions to the mechanisms that concentrate gold in these zones.

Scientific Findings and Practical Applications

The researchers developed a thermodynamic model to simulate mantle conditions and confirm the existence of the gold-trisulfur complex. This model not only validates earlier theories about gold-sulfur interactions but also provides a clearer picture of the conditions required for gold-rich mineral systems to form.

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First Perentie Lizards Hatched at Los Angeles Zoo: A Major Breeding Milestone

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First Perentie Lizards Hatched at Los Angeles Zoo: A Major Breeding Milestone

Two perentie lizards, among the largest species of lizards globally, have hatched at the Los Angeles Zoo, marking the first time this species has been bred there. Native to Australia, these carnivorous reptiles are known for their impressive size, often exceeding 8 feet in length and weighing over 40 pounds. The zoo, which is one of the few facilities outside Australia to successfully breed them, is now home to the newly hatched pair, who are being carefully monitored in a controlled environment.

First Breeding Success Highlighted by Experts

According to reports from usnews.com, the perentie lizards were bred and hatched for the first time in the facility’s history. Byron Wusstig, curator at the Los Angeles Zoo, shared with the Associated Press that achieving this milestone is a significant accomplishment for the team. These lizards, classified as Varanus giganteus, are rarely seen in zoos outside their native Australia, despite not being endangered.

Special Care for Hatchlings in Early Stages

Reports confirm that the hatchlings are thriving under close observation by the zoo’s staff. They are being kept off-exhibit in a specially managed setting to ensure their health during these crucial initial months. The lizards will eventually join the Australia section of the zoo, near the Komodo dragon habitat, where the father is currently on display.

This species is characterised by its distinct brown skin adorned with cream or yellow markings. Their diet, as stated in reports, includes turtle eggs, insects, birds, small mammals, marsupials, and other reptiles, all of which are consumed whole. As per zoo officials, this breeding success highlights the capabilities of the institution in conserving and caring for unique species, contributing to the understanding of their behaviour and needs in captivity.

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