How a negotiation over cable fees could weigh on Paramount's sale
Paramount Global's sale talks with David Ellison's Skydance Media face a milestone later this week, but the battered Redstone family-controlled media company has been scrambling to meet another deadline — one that also carries huge implications.
On Tuesday, Paramount and Charter Communications agreed to a deadline extension as the two sides worked to hammer out a new distribution agreement for Paramount's channels, which would replace a three-year pact that was due to expire this week, according to knowledgeable people who are not authorized to comment publicly on the high-stakes talks.
Charter pays Paramount significant fees to carry its channels, including CBS, BET, Comedy Central and
