Paramount Shareholder Mario Gabelli Asks FCC To Delay Review Of Skydance Merger Pending His Request For More Financial Details

Longtime Paramount Global shareholder Mario Gabelli, who had agitated against iterations of the Skydance-Paramount merger deal, is stepping up his campaign for more transparency around the deal. Lawyers for Gabelli, who operates an investment fund holding 12.5% of Paramount Class A shares and about 900,000 Class B shares, sent the Federal Communications Commission a letter regarding the matter. The letter, dated last Friday and made public on Tuesday, asks that the FCC‘s review of the deal be paused pendin ...