Part 4/8:
As Paramount and CBS attempt to finalize this settlement, external pressure looms large. The impending deadline of July 6 serves as a significant juncture in these negotiations, as they aim to settle the lawsuit in time to facilitate a merger with Skydance Media. This merger is viewed as existential for the network, positioned within a rapidly evolving landscape of legacy media which has been struggling to keep pace with newer, more agile competitors.