The transaction isnt expected to close until the first half of 2025 due to regulatory approvals.

Plans are afoot to achieve a half-billion in overhead savings.

We would like to sincerely thank Shari and her entire family for their unwavering support and leadership.

Paramount Global co-CEOs George Cheeks, Brian Robbins and Chris McCarthy

(L-R) George Cheeks, Brian Robbins and Chris McCarthyMatt Sayles/CBS /Paramount/Viacom

We would also like to thank our Board of Directors, who have helped guide us along the way.

Paramount and Skydance Media