BUZZ-Paramount Skydance falls following The Free Press deal

Reuters

2025/10/08

** Paramount Skydance Corp's PSKY.O shares are down 4% to $18.35 on Tues, a day after the media company announced it had acquired online news site The Free Press

** PSKY is on track for biggest daily pct decline since mid-Sept and will snap two straight sessions of gains

** PSKY named Bari Weiss editor-in-chief of CBS News, the news division of U.S. broadcaster CBS, as part of a deal to acquire the online news site she founded

** Among 27 analysts that cover PSKY, avg rating is "hold" and median PT is $11

** PSKY is up 74.3% YTD versus the S&P 500 index .SPX, which is up 14%

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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