08-04-2024, 01:10 AM
www.bloomberg.com
Interesting article here on talks with David Ellison (son of the billionaire Oracle owner Larry) over the sale of Paramount Global. This is the key bit on Channel 5:
Interesting article here on talks with David Ellison (son of the billionaire Oracle owner Larry) over the sale of Paramount Global. This is the key bit on Channel 5:
Quote:They may try to sell some assets, including BET (Black Entertainment Television) and Paramount’s international TV networks, but don’t plan a fire sale of the legacy TV networks.Suggests Channel 5 could be looking for a new owner potentially. Not sure who might be interested. Channel 5 has been pretty successful in recent years, but we know the advertising market is facing a big squeeze at the moment, and it isn't clear if or when that might end.