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    Deal Talks Between Paramount and Skydance Heat Up

    David Ellison, the founder of the Skydance media company, met with Paramount’s board of directors late last month to discuss the deal.Shari Redstone is getting one step closer to selling her media empire.Paramount, home to one of Hollywood’s most storied movie studios as well as CBS and cable networks like Nickelodeon, has been discussing entering into exclusive talks with the media company Skydance for a potential deal, according to four people with knowledge of the discussions. Moving to exclusive talks would be a significant step forward in a process that has been shrouded in uncertainty for months.Whether the two sides will agree to exclusivity remains to be seen, especially with other investors still pursuing Paramount. Apollo Global Management, an investment firm with more than $500 billion under management, has submitted an $11 billion offer to acquire the Paramount movie studio. Paramount’s board of directors, though, is seeking a deal for the entire company — including its cable channels and CBS — rather than pieces.Apollo continues to evaluate what proposal might most appeal to the company’s board, two people familiar with the situation said. Byron Allen, whose Entertainment Studios owns the Weather Channel, has also expressed interest in acquiring Paramount.Ms. Redstone, the controlling shareholder of Paramount, began negotiating with Skydance to sell her stake in the company last year. She controls Paramount through National Amusements, a holding company that owns her voting stock in Paramount. Ms. Redstone has held off on a sale for years, betting that the company’s fortunes would improve as its flagship streaming service, Paramount+, gained momentum.The terms of the deal being discussed would involve Skydance’s buying National Amusements and merging with Paramount. That deal hinges on approval from Paramount’s board, which has for weeks been weighing its options with the help of advisers.Late last month, David Ellison, the tech scion who founded Skydance, met with Paramount’s board committee to discuss his vision for a deal, according to two of the people familiar with the talks. Founded in 2010, Skydance is best known for shepherding blockbusters for Paramount, including movies in the “Mission: Impossible” and “Top Gun” franchises.Representatives for Paramount and Skydance declined to comment, and the financial terms of the deal couldn’t be learned.Paramount’s stock has fallen 18 percent since the start of the year amid headwinds for the media industry. The company is trading at a steep discount to the combined value of Viacom and CBS, which merged to form Paramount in 2019. Paramount+ is still losing money, but its losses have slowed and it continues to add subscribers.The ratings agency S&P Global downgraded Paramount’s debt to junk last week, citing “accelerating declines” in its traditional television business and continued uncertainty in its push toward streaming. Some analysts said that ratings action might make Paramount easier to acquire, since it could circumnavigate a provision that would require a buyer to immediately pay the company’s debt. More

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    Can NBC News recover from its damaging decision to hire Ronna McDaniel? | Margaret Sullivan

    As boneheaded corporate decisions go, the one by NBC News to bring on Ronna McDaniel as a paid contributor is right up there.Whatever twisted purpose hiring the former Republican National Committee (RNC) chairperson was meant to accomplish has been lost. That may have been gaining access to Republican bigwigs, sending a cynical message of ideological diversity or boosting ratings.Instead, the network has badly damaged its reputation and credibility. The hire makes a statement that, for this major US news organization, there are no consequences – rather, a juicy reward – for public figures who continually lie to the press and citizens. Her contract is reportedly worth $300,000.Hiring McDaniel – a powerful election denialist who joined then president Donald Trump in pressuring voting officials not to certify the 2020 election – was like putting a standing chyron on the NBC Nightly News: “Lying is rewarded here.”Of course, some commentators defended it, like Republican pollster Frank Luntz, who praised McDaniel’s “insider’s perspective”. He was shot down on Twitter/X by the scholar Norman Ornstein: “This is not about somebody with alternative views. It’s about a serial liar who intimidated election workers, tried to alter the election results in 2020 and has behaved in an utterly despicable fashion.”Social media memes also rose to the moment: Ronna McDaniel as politics commentator? Why not bring in OJ Simpson to host a show on preventing domestic violence, or hire Vladimir Putin as a Ukraine war commentator? How about a regular show for Ginni Thomas, the insurrection cheerleader married to a corrupt US supreme court justice?After four days of embarrassing news stories about the hire and its backlash, and some feeble efforts at damage control, it’s clear that the network should reverse course and ditch McDaniel or – depending on the terms of her contract – keep her entirely off the air. And that goes not just for the left-leaning MSNBC cable channel, but for the mainstream NBC News shows as well.And that’s not enough.The brass at NBC News needs to take stronger action in a statement – and a brief televised appearance by a top network executive or news leader – that affirms the commitment to covering politics truthfully and rigorously. It could appear once at the top of the nightly news and once on, let’s say, Morning Joe and Meet the Press.Then, go further. Prove that commitment in the network’s presidential campaign coverage. How? By using extreme care in giving a platform and a megaphone to proven liars, including the former president, and by providing sustained coverage about the stakes of the election, not just the horserace.Kristen Welker made a good start on Sunday’s Meet the Press, which she hosts. In a news interview recorded weeks before McDaniels’ hire, Welker respectfully but tenaciously grilled the former RNC chair.Insisting that she hasn’t really changed, McDaniel told Welker that she now acknowledges that Joe Biden won the election fair and square. Welker – perhaps channelling one of her predecessors, Tim Russert – wisely went to the tape, specifically McDaniel’s words to Chris Wallace in 2023: “I don’t think he won it fair.”McDaniel infamously joined Trump in a phone call pressuring two Michigan canvassers not to certify the election results; and her RNC led the charge to censure Republican members of Congress Liz Cheney and Adam Kinzinger for participating in the House of Representatives January 6 investigation. All while disparaging the media.skip past newsletter promotionafter newsletter promotionAs Chuck Todd of NBC put it: “Many of our professional dealings with the RNC over the last six years have been met with gaslighting, have been met with character assassination.”Todd, on Sunday’s Meet the Press, said he thought NBC owed Welker an apology for putting her in an impossible position. And Mark Jacob, a former Chicago Tribune editor, called in his newsletter, Stop the Presses, for the network to apologize to the public.These apologies would be welcome, but the main thing is to acknowledge the error in judgment and make sure that no habitual liars or enemies of democracy – whether paid or unpaid – get to blather their way to November’s election.Truth-telling in the media always matters. It matters intensely right now, as American democracy teeters on the brink.NBC should affirm that core mission. In so doing, the network could earn itself a lot of goodwill and recover from this blunder. All while doing the right thing.After all, it’s one thing to screw up. It’s another to dig your heels in.
    Margaret Sullivan is a Guardian US columnist writing on media, politics and culture More

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    ‘Pretty bad’: NBC condemned by top US historian over role for Ronna McDaniel

    The Republican National Committee chair turned NBC politics analyst Ronna McDaniel “tried to disassemble our democracy” by supporting Donald Trump’s electoral fraud lies and should not be given such a media role, a leading historian said amid uproar over the appointment.“What NBC has done is they’ve invited into what should be a normal framework someone who doesn’t believe that framework should exist at all,” Timothy Snyder, a Yale professor and author of On Tyranny, told MSNBC, part of the network now employing McDaniel.On Friday, NBC announced it had hired the former RNC chair and the network’s senior vice-president for politics, Carrie Budoff Brown, said that McDaniel would contribute her analysis “across all NBC News platforms”.“What NBC has done of its own volition is bring into a very important conversation about democracy, one which is going to take place for the next seven months or so, someone who … tried to disassemble our democracy. Who personally took part in an attempt to undo the American system,” Synder said.“And so … what NBC is doing is saying, ‘Well, [it] could be that in ‘24 our entire system will break down. Could be we’ll have an authoritarian leader. Oh, but look, we’ve made this adjustment in advance because we’ve brought into the middle of NBC somebody who has already taken part in an attempt to take our system down.’“So, yeah, I think this is pretty bad.”On Sunday, days after joining the network, McDaniel said on the Meet the Press that Biden won “fair and square” and said she did “not think violence should be in our political discourse”.But McDaniel also claimed it was “fair to say there were problems [elections in battleground states] in 2020” and said she had supported Trump’s election fraud lies as a way of “taking one for the whole team” .That stoked an on-air protest from Chuck Todd, a former Meet the Press host. On Monday, MSNBC hosts including Joe Scarborough, Mika Brzezinski and Nicole Wallace, to whom Snyder spoke, also condemned the McDaniel hire. The day also saw a protest from a union group representing NBC News staff.McDaniel and NBC did not comment.Snyder, who has written for the Guardian, said: “If you are going to be on American media, you should be somebody who believes there is something called truth, there are things called facts and you can pursue them. You shouldn’t be someone who has over and over and over again pushed the idea of fake news, educated Americans away from the facts, away from belief in the facts.”Describing such work by McDaniel, the anti-Trump conservative ex-congresswoman Liz Cheney said that as RNC chair, McDaniel “facilitated Trump’s corrupt fake elector plot and his effort to pressure Michigan officials not to certify the legitimate election outcome. She spread his lies and called January 6 ‘legitimate political discourse’. That’s not ‘taking one for the team’. It’s enabling criminality and depravity.”McDaniel became RNC chair in January 2017. In that role, she defended Trump through his scandal-ridden presidency; his refusal to accept his 2020 defeat by Joe Biden, culminating in his incitement of the deadly January 6 attack on Congress; and through his surge to another presidential nomination despite facing 88 criminal charges and multimillion-dollar civil penalties and regularly admitting to authoritarian ambitions.Despite such support, Trump last month pushed McDaniel out of the RNC, to be replaced by his daughter-in-law, Lara Trump.Snyder said: “If we’re going to be putting people on the news who have participated in an attempt to overthrow the system, then we have to ask at the very beginning, ‘Why did you do that? Why is that legitimate?’ And we have to ask ourselves, ‘Why is it that we are taking this step to bring people into the middle of our discussion?’“So my two red lines are, you should be somebody who’s at least trying for the facts, and you shouldn’t be somebody who has taken part in an attempt to undo the system, which is what we’re talking about here. We shouldn’t mince words about it.” More

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    America’s ‘news deserts’ and what it means for democracy – podcast

    In the run-up to this year’s election, President Joe Biden has warned that American democracy is at stake. But when it comes to the democratic process of an entire nation, might the solution be local?
    In an age of declining print media, losses of local newspapers and journalists are creating ‘news deserts’: areas bereft of a local paper. But does this matter, or is local news just a collection of obituaries and classifieds? Especially when rolling news coverage can be found online?
    This week, Joan Greve speaks to the journalist and local news campaigner Steven Waldman, who argues that in an election year of increasing polarisation, we need local news more than ever. They will discuss why local journalism is a fundamental part of building communication, scrutiny and trust – and what can be done to save it

    How to listen to podcasts: everything you need to know More

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    Donald Trump’s niece to publish follow-up to bestselling memoir this year

    Mary Trump, Donald Trump’s niece, who wrote Too Much and Never Enough, a bestselling book on the former US president and his family dysfunction, will publish a second memoir this year.“I’ve told you what growing up in this family did to Donald,” Mary Trump wrote on social media on Tuesday. “Now I’m telling the story of what it did to my dad and me.”Who Could Ever Love You: A Family Memoir will be published in the US on 10 September. Its publisher, St Martin’s Press, called it “an intimate, heartbreaking memoir of a father, a mother, a family’s exile, and the toxic dynamic that is shaping our future”.A trained psychologist, Mary Trump, 58, is the daughter of Fred Trump Jr, Donald Trump’s older brother who died aged 42 in 1981, after struggling with alcohol addiction.Mary Trump published her first book in 2020, as her uncle sought re-election as president. Its full title – Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man – indicated her feelings on Donald Trump’s move into politics.In return, Donald Trump called her “an unstable niece … rightfully shunned, scorned and mocked her entire life, and never even liked by her own very kind and caring grandfather!”, a reference to his father, the New York property developer Fred Trump Sr.An attempt to block publication failed and the book sold more than a million copies in its first week alone.Mary L Trump told the Guardian then: “I have always flown under the radar up until recently. I guess that’s not the case any more.”She has since become a prominent political commentator and opponent of her uncle, who is now the presumptive Republican nominee for president as well as the subject of 88 criminal charges and multimillion-dollar civil penalties.Mary Trump’s second book, The Reckoning: Our Nation’s Trauma and Finding a Way to Heal, was published in 2021.Also in 2021, Donald Trump sued his niece over her role in reporting by the New York Times about his tax affairs. More

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    Gerald M. Levin, Time Warner Chief in a Merger Debacle, Dies at 84

    He was called a visionary in cable television, but his foray into the world of the internet, in a marriage with AOL, proved disastrous.Gerald M. Levin, a “visionary” media executive, as he was often described, who became C.E.O. of the world’s largest media company, Time Warner, and an architect of its merger with America Online, widely considered the worst corporate marriage in American history, died on Wednesday. He was 84.Jake Maia Arlow, a grandchild of Mr. Levin’s, confirmed the death, in a hospital, and said he lived in Long Beach, Calif. No other details were provided. Mr. Levin had been diagnosed with Parkinson’s disease.Mr. Levin was Time Warner’s chief executive when he and his counterpart at AOL at the time, Steve Case, devised what was then the largest business merger in U.S. history. When the deal was announced on Jan. 10, 2000, Time Warner was the world’s largest media company, and America Online was the largest internet company, with a combined market value of roughly $342 billion (the equivalent of about $600 billion today).The merger, creating AOL Time Warner, was heralded as a watershed moment — the union of old and new media, a storied 20th-century American company whose origins could be traced to the publishing baron Henry Luce and the Hollywood boss Jack Warner, hitching up with a Virginia tech company for a ride into the World Wide Web. Instead, it became shorthand for the excesses of the turn-of-the-century dot-com bubble and the era of so-called synergy.Richard Parsons, who succeeded Mr. Levin as chief executive of AOL Time Warner in 2002, said in a phone interview for this obituary in 2022 that Mr. Levin was “one of the smartest guys in the media and entertainment space,” a “visionary” who saw the digital wave coming and understood how the internet would transform Time Warner’s business.“He saw the merger with AOL as making Time Warner digital by injection,” Mr. Parsons said. “What AOL brought to the party was instant access and competence in terms of how to access the internet world.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    The Lede review: Calvin Trillin on the golden age of American reporting

    For decades, Calvin Trillin has been one the most celebrated journalists in New York. This splendid collection of his pieces is filled with reminders of what makes him special: he is equally good at the serious stuff and “pieces meant to amuse”.The press is the subject that knits these stories together. It occurred to Trillin that these articles “amounted to a picture from multiple angles of what the press has been like” since he entered the game. Many are from the 1960s, 70s and 80s. They provide the flavor of the glory days of print journalism, when newsstands were stuffed with magazines and papers written by giants like Murray Kempton, Molly Ivins and Edna Buchanan – and giants in their own minds, like RW Apple Jr – each of whom gets their due here, in Trillin’s 32nd book.His title, The Lede, is the coin of the realm for every old-fashioned scribbler. Trillin sets the tone on page four:
    A veterinarian prescribed antibiotics Monday for a camel that lives behind an Iberville Parish truck stop after a Florida woman told law officers that she bit the 600-pound animal’s genitalia after it sat on her when she and her husband entered its enclosure to retrieve their deaf dog.
    Every good lede leaves the reader with a certain amount of mystery. Trillin points to this one: “While the veterinarian was caring for the camel, was anyone attending to that Florida woman?”The book is replete with the best lines of other journalists but Trillin’s phrases are the funniest, like the one he wrote after Time Warner announced that the magazine that gave the company half its name was to be “spun off – a phrase that to me has always conjured up a business enterprise caught in the final cycle of a giant washing machine, with desks and office machines flying through the air and middle-management types being blown away, head over heels, like so many tumbleweeds”.Or this one, describing Richard Nixon’s difficulties “with trying to buy an apartment in East Side co-ops that persist in treating him as if he were Jewish or a tap dancer”.Time is one of the places Trillin has labored. In the 60s, all its writers were men and all the researchers were women. For one of scores of beguiling details, Trillin quotes the biography of one Time founder, Briton Hadden, which asserted that he designed the system with the idea that “putting a male writer and a female researcher together in a quasi-adversarial situation would create a sexual dynamic that could lend energy to the process”.Trillin wrote a much-loved novel, Floater, about his Time experiences. It describes one of the researcher’s duties as finding “some reason why any sentence suspected of being even remotely graceful must be changed in a way that makes it boring or awkward”. (When I was a reporter at the New York Times its copy editors had exactly the same habit, which was a big reason I quit.)RW Apple Jr was a national political reporter, a Vietnam correspondent and London bureau chief for the Times, equally famous for his scoops and the size of his expense account. Trillin’s profile begins with the book that made Apple famous, Gay Talese’s portrait of the Times, The Kingdom and the Power. Talese reported that Apple boasted that he personally killed a few Vietcong, which “led an older reporter to say, ‘Women and children, I presume.’”Trillin was chairman of the Yale Daily News and Apple chairman of the Daily Princetonian when they met, in 1956. Apple was kicked out of Princeton a second time “after he began to spend every waking hour” at the paper. “By his standards, I have occasionally acknowledged to him, I failed to throw myself wholeheartedly into the job of running a college newspaper,” Trillin wrote. “I graduated.”The book celebrates Kempton and Ivins, two of my favorite journalists, more wholeheartedly.Kempton’s extraordinary erudition made colleagues “look forward to a courtroom recess” when he “might muse on some human characteristic that somehow linked, say, Montaigne and Bessie Smith and [New York crime boss] Frank Costello”. Kempton “was uncanny in his ability to find some way in which almost anyone who had been smitten was morally superior to those who had done the smiting”.Ivins was celebrated for skewering Texas politicians, but here Trillin remembers Paul Krugman’s description of her prescience after she died in 2007. Krugman recalled that when most reporters swallowed the Bush administration’s fantasy that American invaders of Iraq would be greeted as liberators, Ivins identified the real danger: “The problem is what happens after we win. The country is 20 percent Kurd, 20 percent Sunni and 60 percent Shiite. Can you say, ‘Horrible three-way civil war’?’”skip past newsletter promotionafter newsletter promotionTrillin has plenty of serious things to say about reporting, including the dangers faced by journalists who mistake themselves for the people they’re covering. “You could argue that reporters, no matter how much money they make, forget at their peril that they are essentially cabin-class people traveling first class on an upgrade,” he writes. “When they acquire protective feelings toward the important people they enjoy seeing socially, they tend to get scooped.”Like many great reporters, Trillin’s principles were forged in the civil rights movement, which he covered for Time. This collection ends with a tremendous recollection of those years – and the limited relevance of objectivity in the coverage of that story.“I didn’t pretend that we were covering a struggle in which all sides – the side that thought, for instance, that all American citizens had the right to vote and the side that thought that people who acted on such a belief should have their homes burned down – had an equally compelling case to make,” Trillin writes.As America barrels towards a showdown between one party committed to democracy and another addled by racism and xenophobia, the usefulness of objectivity in an age like this is becoming more questionable every day.
    The Lede is published in the US by Random House More

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    ‘Young and handsome’: Biden kicks off $30m ad blitz with spot addressing age

    Joe Biden’s campaign kicked off a $30m TV and digital ad blitz in key swing states on Saturday with an ad in which the president directly addresses concerns about his age.Set to run for six weeks on stations including Black- and Hispanic-owned outlets, and released shortly after his fiery State of the Union address, the 60-second spot does not shy away from what many voters say is growing concern with the president’s age. The ad, titled For You, opens with Biden in light-hearted form. “Look, I’m not a young guy. That’s no secret,” the 81-year old president says. “But I understand how to get things done for the American people.”The Biden campaign said the ad will appear on networks including ESPN and TNT throughout March Madness, during which NCAA college basketball tournaments are held across the country. It is also set to appear on Comedy Central and FX, Bloomberg reports.“I led the country through the Covid crisis,” Biden says in the ad. “Today, we have the strongest economy in the world. I passed a law that lowers prescription drug prices, caps insulin at $35 a month for seniors.”Biden then changes tack from the state of the union and addresses who in that speech he only called “my predecessor” by name. “For four years, Donald Trump tried to pass an infrastructure law and he failed. I got it done. Now we’re rebuilding America. I’ve passed the biggest law in history to combat climate change because our future depends on it,” he says.Echoing his pledge from his Thursday State of the Union speech, Biden promises to make Roe v Wade “the law of the land again”, saying Trump “took away the freedom of women to choose.”“Donald Trump believes the job of the president is to take care of Donald Trump,” Biden says. “I believe the job of the president is to fight for you, the American people, and that’s what I’m doing.”The end of the ad features an outtake as a producer off-camera asks Biden for one more take, to which Biden jokes: “Look, I’m very young, energetic and handsome. What the hell am I doing this for?”Since his address to the nation, praised by Democratic observers as a return to form and the occasion for his highest fundraising totals in recent memory, Biden has embarked on a tour of multiple states. He visits Pennsylvania and Georgia this weekend before heading to New Hampshire, Wisconsin and Michigan next week.As the country gears up for a Biden-Trump rematch, a poll released last week by the New York Times and Siena College showed that 73% of all registered voters in the US believe Biden is too old to be an effective president.Among those who voted for Biden in 2020, 26% said they strongly agree his age will make him an ineffective president for a second term.At 81, Biden is the oldest president ever to seek re-election, though Trump, at 77, is just four years younger. More