“I believe it would improve the probability {that a} deal doesn’t get accomplished,” Sherman stated on CNBC. “As a result of I don’t assume that frequent shareholders have cherished this deal.”
Shifting ahead
Underneath Bakish, it’s been an up-and-down 12 months for Paramount.
In February, the corporate had the most-viewed Tremendous Bowl ever, bringing in additional than 123.7 million viewers throughout platforms. Nonetheless, shortly after that, the corporate introduced mass layoffs.
Bakish introduced the cuts in a memo in February whereas merger talks with Skydance started to warmth up.
“As all the time, I’m regularly grateful to your dedication to our firm. And I’m assured we are going to navigate this transition and emerge stronger than ever,” Bakish stated.
Paramount additionally lately stated goodbye to advert gross sales legend Jo Ann Ross, who had been on the firm for greater than three a long time and introduced she was exiting forward of upfront season.
