Theres a reason why theDavid Ellisondeal did not fly, which I think is unfortunate.
I think that would have been a great win for Paramount and for people in the industry.
The latter deal has more money for shareholders but faces regulatory risks.
Jeffrey KatzenbergMega
[But] I wouldnt say thats it has straight path forward.
Sony cant own broadcast assets and the idea is that Apollo would take them on.
But to assume that the FCC is going to allow a private equity firm to take that license?
I mean, just think about that.
Theyre going to say that theres a benefit for that being in the hands of private equity?
The company would stay together and stay public.Hollywood likes this deal.
A special committee of Pars board decided yesterday to engage with both.
Shareholders like this one.
