Paramount president Jeff Shell booted from second top media role in 3 years amid another bombshell scandal [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
Shell's ouster came Wednesday after weeks of turmoil tied to a $150 million lawsuit filed by a high-stakes gambler — and an internal probe into his conduct. Paramount, or PSKY, announced the exit with a heavy dose of corporate-speak. Jeff Shell (left) was ousted as Paramount president less than a year into the job amid a bombshell lawsuit. Zuffa LLC “Consistent with Mr. Shell's commitment to prioritizing PSKY's success, he has elected to transition from his positions as President of PSKY and a member of PSKY's Board of Directors to focus on this lawsuit,” the company said in a statement. “PSKY is grateful for Mr. Shell's many contributions and to have relied on him as a valued advisor.” The dismissal marks the second time in just three years that Shell has been forced out of a top media job. He could not be reached Wednesday. Shell was fired as CEO of NBCUniversal in 2023 after an internal investigation found he had an inappropriate relationship with a subordinate, then-CNB
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News
- John Oliver jokes about future of 'Last Week Tonight' at charity event [USA TODAY]USA TODAY
- Hollywood creatives oppose Paramount's merger with Warner Bros. Discovery [CBS News]CBS News
- Jane Fonda, Mark Ruffalo, more oppose Paramount merger in open letter [USA TODAY]USA TODAY
- Hollywood stars sign open letter protesting the Paramount-Warner Bros. merger [MSNBC.com]MSNBC.com
- The M&A Class Action Firm Encourages $hareholders to Act Before the Vote—WBD, CTRA, FONR, and SNCYGlobeNewswire
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- 2/26/26 - Miss
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- 3/30/26 - Form 4
- 3/30/26 - Form DFAN14A
- WBD's page on the SEC website