 ABC's Alexis Christophorus. Skydance Media and Paramount Global are agreeing to merge. The announcement came late yesterday that Sherry Redstone will sell her family's controlling stake in Paramount. The move comes as Paramount has been struggling with its traditional TV business and looking to make cuts. Skydance investor group will be putting up several billion dollars in the merger. It still faces regulatory approval. Just before the opening bell this morning, the Dow futures are up 87, the S&P futures are up 7, and the Nasdaq futures are up 14 points.