Skydance Media

[baddog]

Purchases Paramount Global…….

While Larry Ellison himself did not personally buy CBS, his family's company, Skydance Media, completed an acquisition of CBS's parent company, Paramount Global, in August 2025

. As a result, the Ellison family now holds control over CBS and other related media assets. 

Details of the acquisition:

• Controlling parties: The deal was spearheaded by Larry Ellison's son, David Ellison, who leads Skydance Media. However, Larry Ellison was a major investor in the acquisition and holds the controlling stake in the new combined company.
• Merger: The acquisition was executed through a merger in which Skydance absorbed Paramount Global. The newly formed entity was named Paramount Skydance Corporation (PSKY).
• FCC Approval: The Federal Communications Commission (FCC) approved the transaction in July 2025, clearing the way for the ownership change.
• Executive changes: As part of the merger, David Ellison was appointed Chairman and CEO of Paramount Skydance Corporation.
• Impact on CBS: This deal places CBS and its news division under the influence of the Ellison family. Reporting indicates that the new ownership plans to shift CBS News's editorial direction to appeal to a broader ideological spectrum