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Paramount Skydance Shares Lose 3.9% Despite FCC Foreign-Ownership Ruling
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Paramount Skydance Shares Lose 3.9% Despite FCC Foreign-Ownership Ruling
Paramount Skydance shares closed Friday at $10.21, down 41 cents or 3.86%, one day after the Federal Communications Commission released an order permitting the foreign-ownership structure tied to the company’s proposed Warner Bros. Discovery acquisition. Trading was unusually heavy: 78.6 million PSKY shares changed hands, about 6.5 times the stock’s three-month average of 12.0 million.…
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