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.
Children with special educational needs are being “segregated” and left to struggle in the wrong schools because councils are trying to “save on costs”, parents have told Sky News.
Maire Leigh Wilson, whose four-year-old son has Down syndrome, says she “shudders to think” where he would be now had she not been in a “constant battle” with her council.
“I think he would probably just be at the back of a classroom, running around with no support and no ability to sign or communicate,” she said.
Mrs Leigh Wilson wanted her son Aidan to go to a mainstream school with additional specialist support, but her council, who decide what is known as a child’s Education Health and Care Plan (EHCP), wanted him to attend a special school.
The number of EHCPs being appealed by parents has risen “massively”, according to education barrister Alice De Coverley.
She said councils are struggling to meet the volume of demand with “stretched budgets”, and parents are also more aware of their ability to appeal.
Mrs De Coverley said more than 90% of tribunals are won by parents, in part because councils do not have the resources to fight their cases.
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She said, in her experience, parents of children with special educational needs will put “anything on the line, their homes, their jobs”.
On whether she thinks the system is rigged against parents, Mrs De Coverley said: “I’m not sure it’s meant to be. But I think that parents are certainly finding it very tough.”
She added the number of “unlawful decisions” being made by local authorities means parents who can afford it are being “utterly burnt out” by legal challenges.
Mrs Leigh Wilson’s case was resolved before making it to court.
Her council, Hounslow in southwest London, said they complete more than four in five new EHCPs within the statutory 20-week timescale, twice the national average.
Hounslow Council said they “put families at the heart of decision-making” and young people in the area with special educational needs and disabilities achieve, on average, above their peers nationally.
They admitted there are areas of their offer “that need to be further improved” and they are “working closely with families as a partnership”.
“We have a clear and credible plan to achieve this, and we can see over the last 18 months where we have focused our improvement work, the real benefits of an improved experience for children, young people, and their families,” a Hounslow Council spokesman said.
He added the council had seen the number of EHCPs double in the last decade and they “share parents’ frustrations amid rising levels of national demand, and what’s widely acknowledged as a broken SEND system”.
Emma Dunville, a friend of Mrs Leigh Wilson whose son also has Down’s syndrome, describes her experience trying to get the right education provision for her child as “exhausting mentally and physically”.
She said: “For the rest of his life we’ll be battling, battling, battling, everything is stacked up against you.”
Unlike Mrs Leigh Wilson, Mrs Dunville wanted her son Albie to go to a special school, but she had to wait more than a year for an assessment with an education psychologist to contribute to the council’s decision, which meant she missed the deadline for an EHCP.
“The people making these decisions just don’t see that all children with Down’s syndrome are totally different and can’t be seen as the same.”
The guidelines are that if there are not enough local authority-employed education psychologists they should seek a private assessment, but her local authority did not do that.
Mrs Dunville said her son has been “segregated” in a mainstream school, where they are “trying their best” but “it’s just not the right setting”.
Many months before farmers found themselves on the front pages of newspapers, after protesting in Whitehall against the new government’s inheritance tax rules, we at Sky News embarked upon a project.
Most of our reports are relatively short affairs, recorded and edited for the evening news. We capture snapshots of life in households, businesses and communities around the country. But this year we undertook to do something different: to spend a year covering the story of a family farm.
We had no inkling, at the time, that farming would become a front-page story. But even back in January, 2024 was shaping up to be a critical year for the sector. This, after all, was the year the new post-Brexit regime for farm payments would come into full force. Having depended on subsidies each year for simply farming a given acreage of land, farmers were now being asked to commit to different schemes focused less on food than on environmental goals.
This was also the first full year of the new trade deals with New Zealand and Australia. The upshot of these deals is that UK farmers are now competing with two of the world’s major food exporters, who can export more into Britain than they do currently.
You can watch the Sky News special report, The Last Straw, on Sky News at 9pm on Friday
On top of this, the winter that just passed was a particularly tough one, especially for arable farmers. Cold, wet and unpredictable – even more so than the usual British weather. It promised to be a challenging year for growing.
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With all of this in mind, we set out to document what a year like this actually felt like for a farm – in this case Lower Drayton Farm in Staffordshire. In some respects, this mixed farm is quite typical for parts of the UK – they rear livestock and grow wheat, as well as subcontracting some of their fields to potato and carrot growers.
A look at farming reimagined
But in other respects, the two generations of the Bower family here, Ray and Richard, are doing something unusual. Seeing the precipitous falls in income from growing food in recent years, they are trying to reimagine what farming in the 21st century might look like. And in their case, that means building a play centre for children and what might be classified as “agritourism” activities alongside them.
The upshot is that while much of their day-to-day work is still traditional farming, an increasing share of their income comes from non-food activity. It underlines a broader point: across the country, farmers are being asked to do unfamiliar things to make ends meet. Some, like the Bowers, are embracing that change; others are struggling to adapt. But with more wet years expected ahead and more changes due in government support, the coming years could be a continuing roller coaster for British farming.
With that in mind, I’d encourage you to watch our film of this year through the lens of this farm. It is, we hope, a fascinating, nuanced insight of life on the land.
You can watch the Sky News special report, The Last Straw, on Sky News at 9pm on Friday
South Korea’s parliament has voted to impeach acting President Han Duck-soo.
The move could deepen a constitutional crisis triggered by a short-lived period of martial law declared by Mr Han’s predecessor, Yoon Suk Yeol.
After the vote on Friday, Mr Han said he will step aside to avoid more chaos.
The opposition brought impeachment proceedings against him over his refusal to immediately fill three places on South Korea’s Constitutional Court – where the former president is on trial.
Three justices had been approved by parliament – where the opposition Democratic Party has a majority – but Mr Han said he would not formally appoint them without bipartisan agreement.
South Korea’s constitution says that six justices on the nine-member Constitutional Court must agree to remove an impeached president, meaning the current justices must vote unanimously to remove Mr Yoon.
The court has said it can deliberate without the full nine-member bench.
Leader of the opposition Lee Jae-myung had vowed to go ahead with the impeachment, accusing Mr Han of “acting for insurrection”.
Now that Mr Han – who is also prime minister – has been impeached, his finance minister Choi Sang-mok is set to take over as acting president.
Politicians in the 300 parliament voted 192-0 to impeach him. Governing party politicians boycotted the vote.
Following the vote, Mr Han said he would respect the decision and will await a ruling from the Constitutional Court on the impeachment motion.
Mr Han will be stripped of the powers and duties of the president until the Constitutional Court decides whether to dismiss or reinstate him – the same as with Mr Yoon.