Jessica Toonkel @jtoonkel
Deputy Media Editor, The Wall Street Journal. [email protected]. RTs not endorsements. DMs open New York Joined January 2010-
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🇺🇸 Media Heiress's Bid To Sell Sparks Mayhem In Paramount ▫The storied Hollywood company behind ‘The Godfather’ faces its biggest battle yet as Shari Redstone’s merger plans collide with shareholder fury and a CEO on the outs ▫@jtoonkel #frontpagestoday #USA @WSJ 🇺🇸
How Bob Bakish, the Anti-Mogul CEO, Struggled to Rescue Paramount w/ @asharma @JBFlint wsj.com/business/media…
NEW: Jewish UCLA student blocked from entering his own school while he tries attending class. Eli Tsives was refused entry by pro-Palestine students on campus according to his post on IG. "They didn't let me get to class using the main entrance! Instead they forced me to…
Comcast’s NBCUniversal is prepared to pay an average of about $2.5 billion a year to air a package of NBA games, as rival Warner Bros. Discovery makes last-ditch efforts to keep those rights by @JBFlint @asharma @thesimonetti wsj.com/business/media… via @WSJ
I first reported Friday that the Paramount board was considering removing CEO Bob Bakish and replacing him with a committee of divisional heads. The company just announced the changes.
Sources: Paramount is planning for what happens if no big deal happens, mulling cutting $2B in costs, selling BET and TV stations, starting a streaming JV, more (@jtoonkel / Wall Street Journal) wsj.com/business/media… mediagazer.com/240428/p6#a240…
But if a deal does NOT happen, Paramount is already starting to prepare -- the story lays out the plans division heads presented to the board recently.
The crazy thing is: despite all this chaos, a Skydance deal could still happen. A new offer from the company came in Sunday, @jtoonkel reports. And Redstone is bending on giving investors more of a say.
As Redstone pursued one merger (with the production company Skydance), CEO Bakish was exploring a joint venture with Comcast -- another source of tension between the two.
Among the many amazing details in this scoop-packed piece by @jtoonkel: Paramount CEO Bob Bakish floated buying out Shari Redstone and other voting shareholders and moving to a single class of stockholders.
My Latest: Missed deals, revolting shareholders and a CEO on the outs. How Shari Redstone's merger plans for Paramount devolved into one of the messiest corporate dramas in memory wsj.com/business/media… via @WSJ
EXCLUSIVE: Paramount Considers Removing CEO Bob Bakish as Turmoil Over Sale Talks Deepens wsj.com/business/media…
Huge week for @DanaMattioli, her book filled with juicy scoop after scoop on Amazon -- "The Everything War" -- is now on sale! I have been so grateful to learn from one of the best in the business here at WSJ. 🥹🥹 bookshop.org/p/books/the-ev…
If you love smart documentaries about interesting characters. I highly recommend this Uncropped. Will bein at IFC this weekend uncroppedfilm.com/screenings
Lucas Shaw @Lucas_Shaw
33K Followers 2K Following @business, but views my own. Write a newsletter: https://t.co/4FHeSOlE4G Host a conference: https://t.co/B72rOhX2T5 Tips: [email protected]/SignalJoe Flint @JBFlint
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3K Followers 3K Following Bloomberg @technology reporter covering media, advertising, entertainment. Tips : DM or [email protected]. Views my ownToo bad Paramount's earnings call couldn't be sold as part of their upfronts. They could have promised a large, guaranteed audience.
I'm thankful for the opportunity to lead a talented team. It's going to be a fun ride. Hopefully the 312 will welcome back someone from the 313.
.@BowKnowsBiz promoted to Chicago bureau chief at @WSJ: talkingbiznews.com/media-news/twe…
Well reported piece by @jtoonkel on @paramountco @Skydance merger talks, exit of CEO, potential partnership with @comcast and the many moving parts that are the new normal as TV industry consolidates ... wsj.com/business/media…
I’m going with Judith Light as Shari and Jason Alexander as Bakish in the miniseries.
My Latest: Missed deals, revolting shareholders and a CEO on the outs. How Shari Redstone's merger plans for Paramount devolved into one of the messiest corporate dramas in memory wsj.com/business/media… via @WSJ
@TVgreenburg I do and my colleague @jtoonkel was the first to report it yesterday but now everyone wants to top everyone and write the fifth act when we are still in the first act.
Huge scoop from @jtoonkel: Paramount Global’s board is considering replacing Chief Executive Bob Bakish and installing a committee of top executives to run the entertainment giant on an interim basis. It comes amid merger talks with Skydance Media. wsj.com/business/media…
Was thrilled to talk about my book "The Everything War: Amazon's Ruthless Quest to Own the World and Remake Corporate Power" on Morning Joe: msnbc.com/morning-joe/wa… #amazon #antitrust
I was unfair to @jtoonkel in. A prior tweet, questioning her integrity for breaking news on the internal Skydance projections, but it is important to highlight the clear conflict of interest here for Redstone and Ellison, and the media has done a horrible job in that. $PARA /1
The story of the year isn't whether Apollo or Skydance will acquire Paramount, but the fierce competition between @jtoonkel and @BenMullin to scoop each other on the backdoor discussions.
Exclusive: Skydance Media, which is in exclusive merger talks with Paramount, expects to more than double its revenue and triple its adjusted earnings in the coming years. @jtoonkel lays out the company's previously-undisclosed financials in this piece. wsj.com/business/media…
My daughter was just assigned to her host family for study abroad and the mama is a journalist and I am feeling suddenly at ease.
This is why we can't have nice things! Statement From FX Regarding Unauthorized Use of The Bear Clip: "Today during The Walt Disney Company’s Annual Shareholder Meeting, a clip from the upcoming third season of FX’s The Bear was shown as part of the presentation. The clip was…
Paramount and Skydance move from talking about talking about going steady to actually going steady.
Paramount, Skydance Enter Exclusive Talks to Merge $PARA wsj.com/business/deals…
Via the Reliable Sources newsletter: This is the stop-in-your-tracks front page of Friday's Wall Street Journal, marking the one-year anniversary of Evan Gershkovich's detention (cnn.it/3TBLHme)
Reader, he was, in fact, my husband!! We’re getting married!!!!!!
My date last night bought a New Yorker subscription in the middle of our date so he could read all my articles later, is this my husband now
@jtoonkel Great work as usual jessica