Paramount Deal Terms Force GAMCO to Receive Cash for its Voting Shares

GREENWICH, Conn.--(BUSINESS WIRE)--As of July 31, 2025, GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), along with certain other affiliates, collectively owned approximately 12.0% of the outstanding class A voting stock of Paramount Global (NasdaqGS: PARAA) (“Paramount”) on behalf of its clients. Given the terms of Paramount’s pending combination with Skydance Media, in which current holders of the class A voting stock have no opportunity to continue