Lifestyle
Paramount and Skydance are merging — here are 3 questions we have about the deal
The Paramount logo is displayed at Columbia Square along Sunset Boulevard in Hollywood, Calif. on March 9, 2023.
Patrick T. Fallon/AFP via Getty Images
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Patrick T. Fallon/AFP via Getty Images
There may be no more giddily optimistic time in media than the moment after a big deal is announced.
In the case of the $8.4 billion agreement that would bring in new owners to run Paramount Global, there are a lot of hopes and dreams riding on incoming CEO David Ellison and how he might reshape a media company which includes everything from Paramount Studios and the CBS broadcast network, to cable channels like MTV and BET and the Paramount+ streaming service.
Film lovers dream that if the new company goes forward, it will maintain Paramount as an independent brand, combining Ellison’s Skydance Media with a venerated film studio over 112 years old that’s based in the middle of Los Angeles (they also hope this means the company won’t largely be sold off for parts or swallowed by another huge business, like Sony).
Media insiders wonder if Ellison – backed by $6 billion from his family, including father and Oracle co-founder Larry Ellison – can leverage new technologies and Silicon Valley sensibilities to make the company more successful.
And keen observers of power in America hope that nepo baby-turned-mogul David Ellison will serve his family and the company better than previous owner (and fellow nepo baby) Shari Redstone, who inherited Paramount’s parent company National Amusements after the 2020 death of her father, Sumner Redstone. She proceeded to see it lose billions of dollars in value amid a changing media landscape, uncertain leadership and fitful sale negotiations.
Yeah, this may sound like a lot of media nerd nonsense – navel-gazing from an industry notorious for its self-obsession and myopic focus. But a successful rescue of Paramount can also point the way toward a shiny future for an increasingly uncertain media industry, where profits, product and audience are harder to come by. And failure could mean the company that is home to NCIS, Star Trek, MTV and Yellowstone might vanish into media history.
To succeed, Ellison and his backers must answer a load of pressing questions. Here are the ones which loom largest in my mind:
Can new owners really turn around a company that’s grounded in media businesses currently in serious decline?
One of Paramount Global’s biggest challenges is that it’s a media company packed with several businesses that are all struggling at once. Cable channels hobbled by cord cutting. A streaming service which isn’t expected to turn a profit until sometime next year. A broadcast network with an aging audience. A regional theater chain facing declines in moviegoing. And, as the global financial services company Moody’s noted in a recent statement, Paramount is merging with a smaller media company that doesn’t own or control much of its own intellectual property: Skydance Media.
Ellison and Jeff Shell, the former NBCUniversal CEO who would be president of the new company when the deal closes, told Wall Street analysts some of their ideas in a call Monday morning, saying Paramount+ would likely succeed as a part of an “ultimate bundle” of streaming services, with plans to completely rebuild the platform’s technology. When it came to their more traditional businesses, like cable TV channels, they talked of managing the decline while implementing $2 billion in cost savings.
But I think mid-level streaming services struggle because they have a tough time offering enough content to convince customers they should be prioritized above or alongside big players like Netflix and Disney+. Will redesigning the platform and getting wedged into a bundle next to bigger players really help distinguish their company?
How will the company be run until the deal closes … in 2025?
The purchase isn’t expected to close until sometime next year. Until then, Paramount Global will likely still be run by the group of three co-CEOs who currently guide the company. Which means a plan could still go forward that the CEOs announced last month, cutting $500 million in costs while exploring the sale of some assets. Black culture-focused cable channel BET has long been the subject of speculation that it might be sold to a mogul like Tyler Perry or Weather Channel owner Byron Allen, for instance.
Producer David Ellison attends the Royal Film Performance and UK Premiere of “Top Gun: Maverick” at Leicester Square on May 19, 2022 in London, England.
Eamonn M. McCormack/Getty Images for Paramount Pictures
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Eamonn M. McCormack/Getty Images for Paramount Pictures
Last month, online archives for MTV News, CMT news and Comedy Central, which were filled with decades of journalism on pop and country music, were pulled down without warning or explanation by the company. Will more surprise cutbacks surface over the next few months that limit or eliminate content?
In an odd way, it might make sense for Paramount to make more painful reductions now, before the new owners are officially in charge, so Ellison, Shell and their teams can take over outside the shadow of layoffs or serious cutbacks.
When Ellison and Co. take over, it will mean that yet another Hollywood studio will be dominated by Silicon Valley money, including MGM’s purchase by Amazon and the rise of major players like Apple TV+ and Netflix. Which leads to another big question: Will Paramount Global leverage the resources and innovation of the tech world to reinvent a major studio for the modern media moment, or have the forces which are hobbling the company progressed too far?
Will something else happen that could overturn the deal?
Federal regulators must weigh in. And there’s a 45 day window where Paramount’s board of directors could field another offer (though they would have to pay the Skydance group $400 million). Also, stockholders outside the Redstone family who feel shortchanged could file a lawsuit.
But in the rosy glow of a just-announced deal, all these challenges seem like rapidly shrinking images in the rearview mirror. A new brain trust has emerged, aimed at proving that a mid-level media company can survive in today’s times, as the daughter of one business titan hands the reins of her complicated company to the son of another.
Whether any of this adds up to a solution which can save Paramount while also helping cure what ails modern media on a larger scale, may be the biggest question of all.
Lifestyle
Sunday Puzzle: Pet theory
On-air challenge
Today’s puzzle is called “Pet Theory.” Every answer is a familiar two-word phrase or name in which the first word start starts PE- and the second word starts T-. (Ex. What walkways at intersections carry –> PEDESTRIAN TRAFFIC)
1. Chart that lists all the chemical elements
2. Place for a partridge in “The 12 Days of Christmas”
3. Male voyeur
4. What a coach gives a team during halftime in the locker room
5. Set of questions designed to reveal your traits
6. Something combatants sign to end a war
7. Someone who works with you one-on-one with physical exercises
8. Member of the Who
9. Incisors, canines, and premolars that grow in after you’re a baby
10. Nadia Comaneci was the first gymnast to score this at the Olympics
11. What holds the fuel in a British car
Last week’s challenge
Last week’s challenge was a numerical one from Ed Pegg Jr., who runs the website mathpuzzle.com. Take the nine digits — 1, 2, 3, 4, 5, 6, 7, 8, 9. You can group some of them and add arithmetic operations to get 2011 like this: 1 + 23 ÷ 4 x 5 x 67 – 8 + 9. If you do these operations in order from left to right, you get 2011. Well, 2011 was 15 years ago. Can you group some of the digits and add arithmetic symbols in a different way to make 2026? The digits from 1 to 9 need to stay in that order. I know of two different solutions, but you need to find only one of them.
Challenge answer
12 × 34 × 5 – 6 – 7 + 8 – 9 [or] 1 + 2 + 345 × 6 – 7 × 8 + 9
Winner
Daniel Abramson of Albuquerque, N.M.
This week’s challenge
This week’s challenge comes from listener Ward Hartenstein. Think of a well-known couple whose names are often said in the order of _____ & _____. Seven letters in the names in total. Combine those two names, change an E to an S, and rearrange the result to name another famous duo who are widely known as _____ & _____.
If you know the answer to the challenge, submit it below by Thursday, January 15 at 3 p.m. ET. Listeners whose answers are selected win a chance to play the on-air puzzle.
Lifestyle
Paul Gripp, one of the last great orchid explorers and hybridizers, dies at 93
After retirement, Paul Gripp still visited the nursery often, helping with weeding, as he’s doing here in this file photo, or just talking with customers.
(Dania Maxwell / Los Angeles Times)
Orchid expert Paul Francis Gripp, a renowned orchid breeder, author and speaker who traveled the world in search of unusual varieties for his nursery, Santa Barbara Orchid Estates, died in a Santa Barbara hospice center on Jan. 2 after a short illness. He was 93.
In a Facebook post on Jan. 4, Gripp’s sister, Toni Gripp Brink, said her brother died “after suffering a brain hemorrhage and loss of consciousness in his longtime Santa Barbara home. He was surrounded by his loving family, day and night, for about a week in a Santa Barbara hospice before he passed.”
Gripp was renowned in the orchid world for his expertise, talks and many prize-winning hybrids such as the Santa Barbara Sunset, a striking Laelia anceps and Laeliocattleya Ancibarina cross with rich salmon, peach and magenta hues that was bred to thrive outside in California’s warmer climes.
In a 2023 interview, Gripp’s daughter, Alice Gripp, who owns and operates the business also known as SBOE with her brother, Parry, said Santa Barbara Sunset is still one of the nursery’s top sellers.
Santa Barbara Sunset is one of the most popular orchids that Paul Gripp bred at his famed orchid nursery, Santa Barbara Orchid Estates a.k.a. SBOE.
(Dania Maxwell / Los Angeles Times)
Gripp was a popular speaker, author and avid storyteller who talked about his experiences searching for orchids in the Philippines, Myanmar (then known as Burma), India, the high Andes, Mexico, Guatemala, Brazil, New Guinea and other parts of the world, fostering exchanges with international growers and collecting what plants he could to propagate, breed and sell in his Santa Barbara nursery.
“Working in orchids has been like living in a dream,” Gripp said in a 2023 interview. “There’s thousands of different kinds, and I got to travel all over to find things people would want. But the first orchid I found? It was in Topanga Creek, Epipactis gigantea, our native orchid, and you can still find them growing in [California’s] streams and canyons today.”
Gripp was “one of the last orchid people who went looking for these plants in situ — where they occurred in nature,” said Lauris Rose, one of his former employees who is now president of the Santa Barbara International Orchid Show and owner of Cal-Orchid Inc., a neighboring nursery that she started with her late husband James Rose, another SBOE employee who died in January 2025.
These days, Rose said in an interview on Thursday, orchids are considered “something to enhance the beauty of your home,” but when she and her husband first began working with Gripp in the 1970s, “they were something that totally captivated your interest and instilled a wanderlust spirit that made you want to explore the species in the plant kingdom, as they grew in nature, not as produced in various colors from laboratories.”
She said Gripp’s charm and self-deprecating demeanor also helped fuel his success. “People flocked for the experience of walking around that nursery and learning things from him,” Rose said in a 2023 interview.
“Paul lectured all over the world, teaching people about different species of orchids in a very accessible way,” Rose said. “He didn’t act like a professor. He got up there with anecdotes like, ‘One time I climbed up this tree trying to reach a plant in another tree, and all these red ants infested my entire body, so I had to take off all my clothes and rub all these ants off my body.’ A lot of people’s lectures are boring as dirt, but Paul could command a room. He had charisma, and it was infectious.”
Gripp was born on Oct. 18, 1932, in Greater Los Angeles and grew up in Topanga Canyon. He went to Santa Monica College and then UCLA, where he earned a degree in horticulture, and worked as a gardener on weekends, primarily for Robert J. Chrisman, a wealthy Farmers Insurance executive and hobbyist orchid grower who lived in Playa del Rey.
After college, Gripp served a stint in the Navy after the Korean War, and when he got out, he called Chrisman, his old boss, who invited him to come to Santa Barbara and manage the orchid nursery he was starting there.
After retirement, Paul Gripp still visited the nursery often, helping with weeding, as he’s doing here in this file photo, or just talking with customers.
(Dania Maxwell / Los Angeles Times)
The nursery opened in 1957, with Gripp as its manager, and 10 years later, after Chrisman died, he purchased SBOE from the Chrisman family.
In 1986, Gripp and his then-wife, Anne Gripp, divorced. In the settlement, Gripp got their cliff-side Santa Barbara home with its breathtaking views of the Pacific Ocean, and his former wife got the nursery. When Anne Gripp died, her children Parry and Alice inherited the nursery and took over its operation in 1994, Alice Gripp said in 2023.
Gripp officially retired from the nursery, but he was a frequent helper several times a week, weeding, dividing plants, answering customer questions and regaling them with his orchid-hunting stories.
“Paul loves plants, but what he loves most in life is teaching other people about orchids,” Alice Gripp said in 2023. “He chats with them, and I try to take their money.”
Gripp wasn’t a huge fan of the ubiquitous moth orchids (Phalaenopsis) sold en masse in most grocery store floral departments, but he was philosophical about their popularity.
They’re good for indoor plants, he said in 2023, but don’t expect them to live very long. “A house is a house, not a jungle,” he said, “so there’s a 99% chance they’re going to die. But they’re pretty cheap [to buy], so it works out pretty good.”
“He used to say, ‘I’m an orchid man. I love every orchid equally,’ and he does,” his daughter said in 2023. “I don’t know if he would run into a burning building to save a Phalaenopsis from Trader Joe’s, but he told me once, ‘I’ve never thrown out a plant.’ And that’s probably true. When he was running things, the aisles were so crammed people were always knocking plants off the benches because they couldn’t walk through.”
Gripp is survived by his children and his second wife, Janet Gripp, as well as his sister Toni Gripp Brink. In a post on the nursery’s website on Jan. 5, the Gripp family asked for privacy.
“We are still very much grieving Paul’s sudden passing,” the message read. “If you would like to share your memories of Paul, please send them by mail or email for us to read in the days to come. We will welcome your remembrances and gather these into a scrapbook to keep at SBOE. We appreciate your understanding of our need for peaceful reflection at this time. In the coming weeks, we will announce our plans for honoring and remembering Paul with our orchid friends.”
Lifestyle
Veteran actor T.K. Carter, known for ‘The Thing’ and ‘Punky Brewster,’ dies at 69
Actor TK Carter arrives for the premiere of “The LA Riot” at the Tribeca Film Festival, Monday, April 25, 2005, in New York.
Mary Altaffer/AP
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Mary Altaffer/AP
DUARTE, Calif. — Veteran actor T.K. Carter, who appeared in the horror film “The Thing” and “Punky Brewster” on television, has died at the age of 69.
Carter was declared dead Friday evening after deputies responded to a call regarding an unresponsive male in Duarte, California, according to the Los Angeles County Sheriff’s Department.
Police did not disclose a cause of death or other details, but said no foul play was suspected.
Thomas Kent “T.K.” Carter was born Dec. 18, 1956, in New York City and was raised in Southern California.
He began his career in stand-up comedy and with acting roles. Carter had been acting for years before a breakthrough role as Nauls the cook in John Carpenter’s 1982 horror classic, “The Thing.” He also had a recurring role in the 1980s sitcom “Punky Brewster.”
Other big-screen roles include “Runaway Train” in 1985, “Ski Patrol” in 1990 and “Space Jam” in 1996.
“T.K. Carter was a consummate professional and a genuine soul whose talent transcended genres,” his publicist, Tony Freeman, said in a statement. “He brought laughter, truth, and humanity to every role he touched. His legacy will continue to inspire generations of artists and fans alike.”
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