Optimism bloomed in the media business after Donald Trump was elected last November.
Executives trumpeted a more M&A-friendly era, with thepace of changefor dealmaking starting to quicken.
Paramount GlobalandSkydance Mediawere seen as beneficiaries of the turnover of administrations.
Paramount and SkydanceGetty Images
Reps from Paramount and Skydance declined to comment on the state of the merger.
Wall Street has started to get restless as the clock keeps ticking.
Until such time, wed prefer to allocate capital toward other companies in the sector.
Pressure is building, warned one of the subheads in the note.
Even after the transaction closes, Morris believes the newly combined team will need time to find its footing.
Carr has long signaled that the process could take a while.
Trump has also filed a$20 billion lawsuitover the handling of the interview in a Texas court.
(Major concessions by law firms targeted by Trump also merit a mention.)
The company will post earnings for the January-to-March quarter sometime in the next month or so.
Free cash flow increased by $489 million last year, its best mark in four years.
Morris, the Wall Street analyst, touched on workforce sentiment in his latest assessment of Paramount.
