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Market Chatter: Paramount Skydance Chief Executive Eyeing Revival of Cable Networks
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Market Chatter: Paramount Skydance Chief Executive Eyeing Revival of Cable Networks
Sep 8, 2025 3:41 AM

06:25 AM EDT, 09/08/2025 (MT Newswires) -- Paramount Skydance ( PSKY ) Chief Executive David Ellison is looking to revitalize popular cable networks like MTV, Comedy Central and Nickelodeon as part of a wider revamp of the company, The Wall Street Journal reported Saturday.

The company plans to revive the networks, including by potentially increasing their digital presence, without raising spending on them, the report said.

According to the report, Paramount Skydance ( PSKY ) has also discussed investing further in the networks' brands and finding ways to make money from them outside of the cable TV business. The company could also trim the number of networks it keeps and has held talks to potentially sell its BET cable channel, the report said.

WSJ added that Paramount Skydance's ( PSKY ) new leaders have called employees back to the office five days a week.

Paramount Skydance ( PSKY ) did not immediately respond to an MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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