Paramount Stock Drops 5% On Skydance Merger News

"At a high level, new leadership's strategic focus on content creation, technology investments and financial discipline are rational, and we believe Skydance leadership is positioned to drive creative and operational improvements," he wrote. "That said, specific details on key issues including future structure of the streaming service, management of the portfolio of linear network assets, and expanded use of technology to drive growth remain in development. When combined with the length of time to close (ex ...