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LOS ANGELES - Skydance Media on Tuesday revealed the full slate of 10 director designees for the upcoming Paramount Skydance Corporation board, who will assume their roles upon completion of the proposed merger with Paramount Global (NASDAQ:PARA). The media giant, currently valued at $8.56 billion, appears undervalued according to InvestingPro analysis, making this strategic move particularly significant for investors watching the space.
David Ellison, who will serve as Chairman and CEO of the combined entity, will lead a board that includes three independent directors and several major shareholders. The board composition reflects a strategic blend of expertise from media, technology, and finance sectors - crucial leadership for a company that maintains strong liquidity with a current ratio of 1.39x and has consistently paid dividends for 20 consecutive years.
The director designees include Barbara Byrne, former Vice Chairman of Barclays PLC; Gerry Cardinale of RedBird Capital Partners; Oracle CEO Safra A. Catz; Andy Gordon, future Chief Strategy Officer and COO; Justin G. Hamill of Silver Lake; former Paramount Pictures CEO Sherry Lansing; Paul Marinelli of Lawrence Investments; Jeff Shell, future President; and John L. Thornton, Chairman of RedBird Capital Partners.
"We are thrilled and honored to welcome this truly outstanding group of director-designees to our Board," said Ellison in the press release. "The legacy of Paramount is one of our greatest strategic assets and it is our strong desire and fiduciary duty to honor that history while positioning the business for sustained value creation."
The current Paramount Global directors will step down when the transaction closes. The merger aims to create what the companies describe as a "next generation media company," with the board structure showing significant representation from the company’s largest shareholders.
The announcement comes as the companies continue to work toward finalizing their merger, which was first announced earlier this year. The board’s composition indicates the combined entity will maintain close alignment between ownership and governance.
In other recent news, Paramount Global reported its earnings for the second quarter of 2025, revealing a significant earnings per share (EPS) beat. The company posted an EPS of $0.46, surpassing the forecasted $0.35, which marks a 31.43% surprise. However, revenue slightly missed expectations, coming in at $6.85 billion compared to the anticipated $6.87 billion. Despite the EPS success, the company’s stock experienced a decline in aftermarket trading. These developments highlight the mixed financial performance of Paramount Global in the recent quarter. Investors may be interested in how the company plans to address the revenue shortfall while maintaining its earnings momentum. Such earnings reports are crucial for investors as they provide insights into the company’s financial health and future prospects. Analysts and investors will likely keep a close watch on any strategic moves by Paramount Global in response to these results.
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