Ariel Investments Founder Blasts Failed Skydance-Paramount Sale Process: ‘A Once In A Generation Kind of Screw Up’

“You have all these great assets, great IP, great history and they’ve found a way to destroy value. It’s just pretty extraordinary,” John Rogers. Jr told TheWrap on Wednesday [ATLANTA, GEORGIA - JANUARY 14: Honoree John W. Rogers, Jr., Chairman and Co-CEO of Ariel Investments, speaks onstage during the 2023 Beloved Community Awards at Hyatt Regency Atlanta on January 14, 2023 in Atlanta, Georgia. Formerly known as the Salute Greatness Gala, the Beloved Community Awards is a part of the weeklong celebration of the 2023 King Holiday Observance. The event recognizes community leaders, businesses, and organizations that exemplify excellence in leadership, philanthropy and social justice in the spirit of Dr. Martin Luther King, Jr. and Coretta Scott King. (Photo by Paras Griffin/Getty Images)]( [Ariel Investments Founder Blasts Failed Skydance-Paramount Sale Process: ‘A Once In A Generation Kind of Screw Up’]( By Lucas Manfredi Ariel Investments co-founder John Rogers Jr. isn’t mincing words about the months-long drama surrounding Paramount Global, calling the scrapped deal between Shari Redstone’s National Amusements and David Ellison’s Skydance Media the “most screwed up sale and governance I’ve ever seen.” “It’s just a once in a generation kind of screw up,” the executive, whose firm owns a 1.8% stake in Paramount, told TheWrap in an interview on Wednesday. “It just doesn’t make any sense. You have all these great assets, great IP, great history and they’ve found a way to destroy value. It’s just pretty extraordinary.” [Read More]( --------------------------------------------------------------- [WrapPRO 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](