After months of negotiations, Paramount‘s controlling shareholder Shari Redstone has broken off merger talks with David Ellison‘s Skydance. National Amusements has “not been able to reach mutually acceptable terms regarding the potential transaction with Skydance Media for the acquisition of a controlling stake in NAI,” said the Redstone family trust that controls Paramount.
Station Trading Roundup: 3 Deals, $1,258,000
The purchase of five stations by Quad Marketing Group tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.