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 to hold such voting stock, GAMCO is effectively being forced to receive cash for those shares. On July 31, 2025, GAMCO filed a 13D with the Securities and Exchange Commission disclosing it made a cash election under the terms of the transaction for all class A shares held.

GAMCO Investors, Inc., through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC) and is known for its Private Market Value with a Catalyst™ style of investment.

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Christopher J. Marangi

Co-CIO, Value

(914) 921-5219

For further information please visit

www.gabelli.com

Source: GAMCO Investors, Inc.