David Ellison is poised to become Paramount Global's new CEO, but his father, Larry Ellison, will be controlling owner of the company, according to a recent federal filing.
Tech scion David Ellison intends to be the new chief executive of Paramount Global. But it'll be his father, Oracle executive chairman Larry Ellison, who will be the controlling shareholder of the company, according to a recent filing with the Federal Communications Commission.
The filing was triggered by FCC rules requiring the prospective owners of Paramount to get federal approval to transfer control of the company's licenses to operate its multiple CBS television stations.
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