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Paramount to fire its CEO, announce Skydance merger on Tuesday call

Paramount Global will reportedly fire its CEO and announce a major merger with Skydance Media.

Paramount Global is set to announce a major shake-up at the top level ahead of its quarterly earnings call on Tuesday. The news broke on Friday as rumors started spreading on sector outlets, though a major change in the entertainment giant’s leadership has been in the works for months. David Ellison, CEO of Skydance Media, offered to become the majority owner of Paramount Global, relieving the company from its crippling financial issues.

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