Paramount has agreed to pay $16 million to resolve President Donald Trump's lawsuit against its subsidiary CBS, clearing a path for the administration to approve the media giant's multibillion-dollar merger with Skydance Media.
"Every banker that has pay-TV is crunching the numbers," said Jonathan Miller, CEO of Integrated Media. He noted the industry is at an inflection point where maturing streaming TV businesses may lead traditional linear TV channel owners to divest their non-growth sectors. This combination of market maturation and corporate restructuring is expected to provide fertile ground for mergers and acquisitions as stakeholders look to maximize their investments before further market shifts occur.