Matrix Asset Advisors Slams Paramount Bakish Exit, Skydance Infuses $3 Billion Into Paramount Bid and TV Falls Out of Love With the Miniseries

Plus: The National Enquirer became a political tool for David Pecker, Paramount trims streaming loss 44% and ‘The Daily Show’ sets special election coverage [Paramount (Credit: Getty Images)]( [Matrix Asset Advisors Slams Paramount Over Bob Bakish Exit: 'Everything About Today's Update Is a Disgrace']( By Lucas Manfredi Matrix Asset Advisors slammed Paramount Global on Monday after it announced CEO Bob Bakish would depart the company amidst ongoing merger talks with David Ellison’s Skydance Media. The firm, which owns which owns 355,445 Paramount shares on behalf of its clients and itself and has over $1 billion in assets under management, also criticized the company for not providing guidance or answer analysts questions during its first quarter earnings call. [Read More]( --------------------------------------------------------------- [Skydance Media CEO David Ellison and National Amusements President Shari Redstone]( [Skydance Revises Paramount Offer With $3 Billion Cash Infusion to Allay Shareholder Worries]( By Lucas Manfredi David Ellison’s Skydance Media has made a revised offer for Paramount Global in an effort to assuage minority shareholders’ concerns as the two parties’ exclusive talks are set to expire on May 3. An individual familiar with negotiations tells TheWrap that the new offer includes a $3 billion cash injection as well as premium sweetener for a percentage of non-voting Class B shares. [Read More]( --------------------------------------------------------------- [The 2024 and 1980 versions of Shogun]( [Despite 'Shōgun' Success, TV Is Falling Out of Love With the Miniseries]( By Kayla Cobb When “Shōgun” first premiered on NBC in 1980, it broke records, scoring the highest weekly numbers in NBC history and drawing an estimated 70 million viewers. Forty-four years later, when FX brought James Clavell’s masterpiece to the small screen for a 10-part limited series, “Shōgun” did it again. Domestically, the first episode ranked as the most streamed FX series in Hulu’s history, ahead of “The Bear” Season 2. Yet, funnily enough, two adaptations of the same show sit on opposite ends of one particular trend. While the 1980 version of the story helped spark the miniseries boom of the ‘80s, the current version premiered at the height — or possibly the falling peak — of the current miniseries landscape. [Read More]( --------------------------------------------------------------- [David Pecker]( [David Pecker and The National Enquirer: When a Tabloid Becomes a Political ToolÂ]( [Paramount Global earnings]( [Paramount Narrows Streaming Loss 44% to $286 Million, Tops 71 Million Subscribers]( [Jon Stewart]( ['The Daily Show' Sets Special Election Coverage From Republican, Democratic National Conventions]( [Conde Nast Union]( [Condé Nast Union Brings Work Stoppage Pledge to Pressure Management in Bargaining Session | ExclusiveÂ]( --------------------------------------------------------------- [Wrap Pro logo] Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. [Subscribe Today]( --------------------------------------------------------------- [Facebook]( [Twitter]( [Instagram]( [YouTube]( TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Preferences]( | [Unsubscribe]( [LiveIntent Logo]( [AdChoices Logo](