Random News Stories

[Leo Enticknap]

Once again, I'm going to have to beg forgiveness for stretching the "no politics" rule: this from the Daily Telegraph:

Covering up Churchill urinal in Chancellor’s office would cost £8k

Rachel Reeves is said to have quashed plans to screen historic porcelain over expense to taxpayer

Cameron Henderson, 10 August 2024 • 3:23pm

Rachel Reeves has been told it would cost £8,000 to cover up a urinal used by Winston Churchill in her private Treasury bathroom.

The Chancellor has been told she could not remove the 100-year-old urinal without listed building consent, as it is of “historic significance”. Even applying for approval to cover it up would take months and cost thousands of pounds.

An internal Treasury memo seen by the Financial Times said: “It is understood to be the only toilet remaining from the early years of the building and it is associated with Churchill. As such, both the toilet and urinal are of historic significance.”

Ms Reeves is the first female Chancellor in the Treasury’s 900-year history. She was reported to have been considering modernising the black-and-white tiled room, which also has a lavatory, ahead of Labour’s election victory on July 4.

But one ally of the Chancellor told the newspaper: “When she was told it could cost £8,000 to even apply for listed building consent from the council, she pulled the plug on it. She’s not going to waste taxpayers’ money.”

Ms Reeves has resorted to placing a temporary cover over the urinal, which is already blocked off by a glass panel, as civil servants look for a way to conceal it permanently, The Times reported.

An internal document from civil servants seen by the newspaper said it would require planning permission to “extend the glass panel upwards and/or provide a cover to the urinal”.

“This will be at least an 18-week process and cost in the region of £8,000 for the application alone,” the internal note said.

An alternative plan to frost the existing glass panel could also cost thousands as “it would have to be designed and custom-made due to the shape”, the document said.

Another low-cost solution Treasury figures were understood to be mulling was to partially obscure the offending urinal with a pot plant.

Ms Reeves embarked on her first major international trip, to New York and Toronto, this week in order to drum up investment in the UK and to meet women in finance.

The Treasury was approached for comment.

This a little less political:

You've got to be kitten! Adorable cat is born with FOUR ears thanks to a rare genetic mutation

The cat, named Audio, was taken in to the True Rescue shelter last month

By Shivali Best For Mailonline

Published: 06:58 EDT, 9 August 2024 | Updated: 06:58 EDT, 9 August 2024

The idea of a four-eared cat might sound like a creature from the lastest science fiction blockbuster.

But it has become a reality in Mount Juliet, Tennessee, where a feline has been born with four ears thanks to a rare genetic mutation.

The cat, named Audio, was taken in to the True Rescue shelter last month with his three other siblings.

Writing on its Facebook page, True Rescue explained: 'This kitten came into our shelter today with his 3 other siblings, and he has a rare genetic mutation having been born with FOUR EARS!

'The last kitten we were able to find research about that had 4 ears came from Turkey and was from 2 years ago.'

Audio was just 8-9 weeks old when he was brought in to the rescue centre after being discovered with his litter mates in Nashville, Tennessee.

In a video posted to its Facebook page, a staff member at True Rescue explained: 'They were found duct taped inside a box with no air holes, and a good samaritan was able to get them out, get them fed, and get them to us.'

Placing Audio on a table, they added: 'He has four ears!

'We have front-facing ear flaps and then rear-facing ear flaps.

'He is very sweet and very grateful not to be stuck in that box anymore.'

The photos and videos of Audio have garnered huge attention on Facebook, where animal lovers have flocked to the comments to express their delight.

'This is SOOO cool! I love genetic abnormalities, just fascinating. Glad he is doing well,' one user commented.

Another added: 'He's so precious! The ears remind me of Dobby, I think that would be a cute name for him.'

And one joked: 'Extra ears to ignore with.'

While cats with four ears are rare, they're not unheard of.

According to a study, published in the Journal of Heredity back in 1957, the feature is due to a recessive mutation that only affects the outer ear flaps (also known as pinnae), and not the inner-ear mechanism.

However, that study also found that many cats with the mutation also have smaller eyes, an undershot jaw, and were more inactive and lethargic.

In recent years, several four-eared felines have hit the headlines, including a Russian Blue named Midas who has amassed a whopping 344,000 followers on Instagram.

If only Audio had a fifth ear in the center of his forehead, he'd be good for the reference listening position, and be able to tune a room without having to spend half an hour putting up mics, and another half hour taking them down again. But there again, given that, being a domestic cat, he can hear nothing below around 220Hz and everything up to around 3.2KHz, maybe he wouldn't be the best judge of cinema sound anyways.

[Marcel Birgelen]

In Soviet Russia, Chess Poisons You?

I guess she must be lucky she didn't fall out of a window.

[Frank Cox]

https://www.chess.com/news/view/russ...ning-her-rival

Chess Player Suspended After Allegedly Poisoning Her Rival


TarjeiJS

Updated: Aug 8, 2024, 5:20 AM | 89 | Chess.com News

A chess player has been suspended by the Russian Chess Federation and is reportedly facing time in jail after she allegedly tried to poison her rival at the chessboard during a tournament.
Amina Abakarova, a 40-year-old chess coach from Makhachkala in the Russian Republic of Dagestan, is accused of trying to poison her rival, 30-year-old Umayganat Osmanova.
The incident unfolded during the Dagestan Chess Championship on August 2, according to a Telegram channel that first reported on the story, and is now making headlines in state-run Russian news media as well as reaching global media as well.
Security camera footage shows the incident where Abakarova calmly walked over to the board where Osmanova was supposed to appear 20 minutes later. It was reported that she'd previously asked if cameras were in operation and been told that they weren't. She then smeared what is said to be potentially deadly mercury from a thermometer.

Poisoning incident in Russian ?? Chess.
Statement by the Chess Federation of Russia, video from Karjakin's Telegram: pic.twitter.com/5ePqEUMAI1
— Peter Heine Nielsen (@PHChess) August 7, 2024

Osmanova said she began feeling unwell 30 minutes later, complaining of nausea and dizziness, prompting an immediate call for medical assistance. Doctors eventually concluded that poisoning was a likely cause. After reviewing the footage from security cameras, the arbiter reported it to the police and Abakarova was detained, rtv1.com reports.
Osmanova described her ordeal, saying she felt "terrible, disgusting, and morally depressed" when she realized she had been poisoned. She said another player and a member of the organization also became ill.
"I still feel bad. In the first minutes, I felt a lack of air and a taste of iron in my mouth. I had to spend about five hours on this board. I don’t know what would have happened to me if I hadn’t seen it earlier," she told Russia Today.
Amina Abakarova is suspended after she allegedly poisoned her rival. Photo: Department of Sports, Tourism and Youth Affairs of Makhachkala. Abakarova has reportedly confessed that she wanted to "knock her opponent out of the tournament," admitting "personal hostility" toward Osmanova, who had a week earlier won the Dagestan Rapid Championship above her on tiebreaks. The plan was not to harm Osmanova, but to scare her, according to a police report quoted by Russian media.
Abakarova has now been detained by police and is facing up to three years in jail, according to The Mirror. Andrey Filatov, the President of the Russian Chess Federation, has also confirmed that Abakarova is temporarily suspended from Russian chess events, pending an investigation into the incident. She is potentially facing a lifetime ban.
Dagestan's Minister of Sport, Sazhida Sazhidova, is also shocked: "Like many others, I am perplexed by what happened, and the motives of such an experienced competitor as Amina Abakarova are incomprehensible. The actions she took could have led to a most tragic outcome, threatening the lives of everyone who was present, including herself. Now she must answer for what she did by the law."
Despite falling ill, Osmanova fully recovered and continued the tournament, eventually finishing in second place and winning a prize. Abakarova was expelled after the fourth round and is unlikely to play chess again anytime soon.

[Leo Enticknap]

Two A340s smuggled out of Lithuania and into Iran

by Miquel Ros, 2024-06-23

Two Airbus A340 aircraft belonging to Gambian leasing company Macka Invest were, reportedly, smuggled out of Lithuania and into Iran.

According to reports that appeared on Lithuanian media, the two aircraft had been parked at Šiauliai airport (SQQ) in Lithuania. They managed to sneak away in February 2024 after declaring that they were departing for Sri Lanka and the Philippines.

After reaching Iranian airspace the two aircraft switched their transponders off and landed at two separate airports in the Middle Eastern country: Tehran’s Mehrabad (THR) and Chabahar Konarak Airport (ZBR).

The two A340s are believed to be currently in service with Iranian airline Mahan Air, which is under US sanctions.

A third A340 belonging to the same Gambian company was prevented from leaving Lithuania upon concerns that it may follow the same path as the other two and it remains at Šiauliai.

This is not the first time that A340 aircraft are smuggled into Iran in contravention of international sanctions.

In 2022, four A340s registered in Burkina Faso ended up in Iran after having filed false flight plans that would have, supposedly, taken them from South Africa to Uzbekistan. Just as in the more recently reported case, in that occasion all four aircraft also disappeared briefly after reaching Iranian airspace, only to be spotted shortly after at Tehran’s Mehrabad international airport.

Whatever one's views on international politics and Iran (it is not my intention to open that can of worms), one has to concede that this demonstrates serious chutzpah! Smuggling one more bottle of Scotch than your duty free allowance permits is one thing ... but knocking off jumbo jets takes it to a whole new, erm, altitude...

I'm guessing that the Iranians are collecting A340s because they are horrendous gas guzzlers that western airlines don't want, but Iran produces more oil than it knows what to do with, and so doesn't have to care about that.

[Marcel Birgelen]

I'm a "computer bug" but I really don't understand exactly what AI is. That video I posted a while back has a good explanation of how a LLM can write a sentence/paragraph/paper, but I get the impression that there's a lot more to it than that.

You know, you're in good company, as OpenAI, you know, those guys and gals behind the thing called ChatGPT, doesn't know either how their shit works.

AI is a very broad concept, it has been around in one form or another for decades now, but what's catching all the hype lately is generative AI. Generative AI seems to be able to interact with humans in a much more natural way and it shows some real forms of intelligence. While this intelligence isn't the same as human intelligence, it's undeniably a form of intelligence.

The thing is, we build those giant neural networks, consisting of billions of nodes, based on the transformer architecture, we feed them with billions and billions of "information points" and at *some point* something like "intelligence" seems to emerge. Intelligence, to me, it seems, is a function of complexity and structure. Since we have no clear definition of "intelligence", it's also hard to draw a line between when something is intelligent and when something is not. It's probably also not something that can be defined by a hard distinctive line, but only by specifying something of a gradient.

I'd love to explain to you how LLMs and associated beasts work, at least the general concept behind it, but I'm a little constrained by time and forum context. Also, I'm hampered by the same shortcomings that OpenAI also faces: I can't exactly explain what causes those emerging properties of intelligence to arise, although I have some theories, partly backed by some observations we made ourselves while training those LLMs for specific tasks.

In general, we've built a brain-simulator to some extend. A combination of pure cheap processing power, memory and vasts amount of "public" information have enabled us to get here, after quite a few years of trying. While it doesn't exactly work like the brain, it's close enough for quite a few things we're trying to do with it...

[Frank Cox]

And here we go...

https://www.indiewire.com/news/break...ai-1235010605/

Sony Will Use AI to Cut Film Costs, Says CEO Tony Vinciquerra

The next “Spider-Verse” film may have a new animation style: AI.

Sony Pictures Entertainment (SPE) CEO Tony Vinciquerra does not mince words when it comes to artificial intelligence. He likes the tech — or at the very least, he likes the economics.

“We are very focused on AI. The biggest problem with making films today is the expense,” Vinciquerra said at Sony’s Thursday (Friday in Japan) investor event. “We will be looking at ways to…produce both films for theaters and television in a more efficient way, using AI primarily.”

That’s about the strongest support for AI we’ve heard from a film studio head.

Vinciquerra knows how controversial his comments could be with creatives.

“We had an 8-month strike over AI last year,” Vinciquerra began his response to the first analyst question (from Nomura Securities) during his Q&A portion of the annual event. He also acknowledged that ongoing IATSE talks and the forthcoming Teamsters negotiations are “both over AI again.”

The sum total of those discussions between Hollywood’s workers and its studios will inform just how far Vinciquerra and others can go.

I've said before and I'll say again that those who believe union contracts will stop the use of AI are in the position of King Canute against the tide.

If Unionized Movie Studio can make a movie for $100 million and Non-Union Movie Studio can make a similar movie using AI for 98 cents, how long is the first one going to be able to continue operating?

[Frank Cox]

I'm a "computer bug" but I really don't understand exactly what AI is. That video I posted a while back has a good explanation of how a LLM can write a sentence/paragraph/paper, but I get the impression that there's a lot more to it than that.

[Marcel Birgelen]

https://www.theguardian.com/tv-and-r...owrunner-ai-tv



This whole AI thing seems to be a rocket on rails. A few years ago nobody cared, then chatgpt showed up and suddenly everybody's got an AI and it's the biggest thing since white bread.

"I want to see a movie about X and Y with a happy ending" and the machine creates a movie on the spot just for you?

Right now, the resources to do this are just too limited and the current models aren't good enough yet. But if you look at the progress that has been made over the last few years, it's not a matter of IF, but just a matter of WHEN this happens.

We've been finetuning a bunch of open source models for about a year now and some of them have become scary good at stuff we otherwise had to do by hand.

This whole generative AI thing is like Pandora's box, the devil is outside of the box, you will not get it back in there. Even if all what we have RIGHT NOW is already peak-AI, we're in for a ride, most people simply have no idea yet. This thing will be bigger than the coming of the Internet, it will have a profound effect on the way we look at work, but everybody is still sleeping. If governments should be afraid of something, then it's how they're going to handle this, unfortunately, most politicians are completely clueless about what's coming. Maybe we should replace them with AI first?

[Frank Cox]

https://www.theguardian.com/tv-and-r...owrunner-ai-tv

A new AI service allows viewers to create TV shows. Are we doomed?

Showrunner will let users generate episodes with prompts, which could be an alarming next step or a fleeting novelty

One of the key strategies of streaming services is to keep you in front of a screen for as long as possible. As soon as one episode of a show you’re watching ends, the next one pops up automatically. But this approach has its limits. After all, when a series ends, Netflix will try to autoplay another series that it thinks you’ll like, but it has a terrible success rate. Maybe the tone of the suggested show is wrong, or maybe it’s too exhausting to be dumped into the sea of exposition that a new show brings. Maybe it’s just too jarring to be pulled out of one world and dumped straight into another without any space to breathe.

You know what would fix that? If Netflix gave you the chance to automatically create a new episode of the show you were already watching. You’d stay there forever, wouldn’t you? It would be wonderful. Ladies and gentlemen, you will be thrilled to learn that this glorious technology now exists.

This week, a company called Fable Studio announced the launch of Showrunner, the world’s first AI-generated streaming service. With a prompt of just a few words, Showrunner promises to allow viewers to write, voice and animate their own television episodes.

Users who sign up for the Showrunner waitlist will eventually get to see 10 animated shows. One of them, Ikiru Shinu, is billed as a dark horror anime. Another, Sim Francisco, is an anthology show about people living in the titular city. And then there’s Exit Valley, a South Park-style Silicon Valley satire. Users can watch the episodes, or make their own by writing prompts that will be generated into scenes that can be stitched together into full episodes. For example, you can presumably watch Exit Valley and then type ‘The characters in his entertainment industry satire learn that they are part of an AI-generated content drive designed specifically to destroy the entertainment industry, and the satire explodes their heads’, and that’s what the next episode will be.

The service isn’t entirely without precedent. Last year Fable released an AI-generated episode of South Park that, if you weren’t watching very closely, came off as fairly convincing. Of course, the moment you did start paying attention, the whole thing became a kind of living nightmare. The jokes were bad, the voices were wrong and everyone spoke with the blank intonation of someone who’d recently been brainwashed into murdering you in your sleep. But it’s early days. As we’ve seen with each successive ChatGPT release, AI can improve at a frightening pace. Before long, Fable might be able to generate a South Park episode that is actually good, and then we’re all in trouble.

Clearly this could go one of two ways. The big fear – the thing that basically caused all of the Hollywood strikes last year – is that, even if Showrunner doesn’t become a mainstream success, the entertainment industry is nevertheless going to co-opt this technology wholesale. It will be slow at first: maybe a studio will use it to generate movie plots, which can then be finessed by the human experts it has to hand. But gradually that could fall away, until the entertainment industry consists of three or four executives writing AI prompts like ‘Dinosaur attacks girl with big boobs’ and keeping all the revenue for themselves.

However, based on current evidence, that isn’t likely to happen just yet. The way it looks now, Showrunner has the unmistakable air of novelty. A flood of people will initially use it to make a bunch of low-quality videos that will turn the platform into an inexplicably less human TikTok or a Quibi that isn’t quite as embarrassing to say out loud. My theory is that everyone will create their own episodes at first, and try to share them, but nobody else will watch because they’re watching episodes that they generated themselves, and then everyone will get bored because what’s the point of making something just for yourself? The bar for creation has been set too low. People will lose interest fast.

And this might be a good thing. God knows the movie industry needs all the help it can get right now. Maybe Showrunner exists as a reminder that the robots are even worse at making stuff than we are. If that doesn’t nudge us back to the mainstream, nothing will.

This whole AI thing seems to be a rocket on rails. A few years ago nobody cared, then chatgpt showed up and suddenly everybody's got an AI and it's the biggest thing since white bread.

"I want to see a movie about X and Y with a happy ending" and the machine creates a movie on the spot just for you?

[Leo Enticknap]

Continuing on the motoring theme:

A driver lost control and plowed into glass windows at the front of a Lake Elsinore Urgent Care Thursday, but no one was injured.

The crash happened about 11:45 a.m. at Accelerated Urgent Care, 29997 Canyon Hills Road, according to the Riverside County Fire Department.

The agency said that several engine crews were sent to the location and discovered that the vehicle had been driven into the windows adjacent to the entranceway.

There was broken glass, but the Urgent Care patients and staff escaped unscathed, as did the motorist, whose identity was not disclosed.

Firefighters found the man sitting on the curb, waiting to speak with sheriff’s deputies, according to reports from the scene.

The Urgent Care apparently remained open after the crash, which was under investigation.

In a radio report I heard (which prompted me to look for an online one to post here), it was claimed that the driver was speeding at the time of the accident, hence the irony in the name of the business he crashed into.

[Frank Cox]

I learned to drive on a 3 on the tree half-ton and then a four on the floor 3 ton.

The old 3 ton was about thirty years older than I was so it wasn't a synchro-mesh transmission (had to double clutch it) but we only used it to haul grain in the fall so it didn't have much on it for mileage.

I just about ended up sitting on the floor every time I tried to depress the clutch, though. Stand on the clutch, haul back on the steering wheel, shift, haul on the steering wheel again, drop it into gear, gas it.

Thinking about it now, my automatic Escape is quite a luxury compared to that.

[Leo Enticknap]

Mrs. Mosley told the court that for eight years her husband had never failed to take a pint of whisky to bed with him and consume it during the night.

I occasionally like a glass of a nice single malt, and so don't want to come across as overly judgmental, but am surprised that he was able to do that for eight years straight and remain alive!

Meanwhile...

Colorado woman's attempt to steal truck thwarted by her inability to drive stick shift: police

Police said Amber Davis was released from jail the day before for trying to steal a different car

Sarah Rumpf-Whitten By Sarah Rumpf-Whitten Fox News

Published May 9, 2024 8:58pm EDT

A Colorado woman's attempt to swipe a truck was thwarted after she was left stumped behind the wheel of the stick shift vehicle, police said.

"Stick Shift FTW [for the win]," the Boulder Police Department said in a press release. "Not a standard recommendation for car theft prevention, but this past Friday a stick shift kept a thief from getting far in a stolen car."

Police confirmed to Fox News Digital that 26-year-old Amber Davis was caught after her inability to drive the vehicle properly caused her to crash into a fire hydrant.

Law enforcement said that they responded to reports of the crash on Friday, May 3 at 4:30 p.m. and quickly identified Davis as the suspect.

Authorities said that the 26-year-old had just been released from jail the day before after she was caught stealing a different car.

Police said that while she was walking, she spotted the truck, saw the keys, got inside and drove off.

Police said that her plan was foiled since she did not know how to drive the truck’s manual transmission.

"Thankfully, no one was injured, and the truck was quickly returned to its rightful owner," the department said.

Davis was charged with felony second degree motor vehicle theft/enhanced circumstance, careless driving, driving without a valid license and duty upon striking an unattended vehicle or other property.

I actually did quite well out of this syndrome. Having been born, raised, and spent the first 38 years of my life living in England (where automatic transmissions are only to be found on high end luxury vehicles, apart from a tiny fraction of mass production cars on which they are specified as a very pricey extra option), I'd never known anything other than manual transmissions, apart from during the odd car rental here and there. Fast forward to 2013, and my first car purchase after moving to California: the local dealership had a manual Honda Fit that they couldn't get rid of. My wife was with me at the time, and kicked me under the table hard when I was about to say that I'd have no problem taking it. She successfully haggled them down by $4K, so anxious were they to get it off their forecourt! It never occurred to me that the manual gearbox is also a theft prevention device in these parts, but I enjoyed driving it until the car was totaled in an accident four years later. The HR-V I bought after that is a CVT, primarily because my wife not being able to drive the Fit (she learned on an automatic and had never driven a manual) had caused a few logistical problems during the time we had the manual.

The next car we buy will likely be electric, which will make the whole question of transmissions irrelevant, obviously.

[Mark Gulbrandsen]

I bet that went over like a lead balloon...

[Jim Cassedy]

NoNoise1949.jpg


[ Source: Albany Democrat-Herald, Albany Oregon, April 7 1949 ]

[Ed Gordon]

Paramount and Skydance inch closer to a merger as key hurdle looms
Story by Alex Sherman, CNBC

Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone.

Paramount Global’s special committee and David Ellison’s Skydance Media, backed by private equity firms KKR and RedBird Capital Partners, are narrowing in on how to value Skydance’s assets as part of a merger, as well as how much equity to add to the company as part of a recapitalization, according to people familiar with the matter.

The sides are close to agreeing on a value for Skydance. The entertainment company will be valued at around $5 billion and merged with Paramount Global, said the people, who asked not to be named because the discussions are private. Ellison and the private equity firms plan to raise roughly $4.5 billion to $5 billion in new equity. Some of that — about $2 billion — will be used to pay Redstone, and another substantial portion will be used to pay down debt.

The buyers would ideally like to get a deal done in May, said the people. Three of the people said that Paramount Global was slow to open a data room to the Skydance consortium, which has slightly pushed back the timeline on a deal. The exclusivity window on merger talks ends May 3, but the Skydance consortium wants to extend it by two weeks, said the people.

Skydance plans to name Ellison as CEO of Paramount Global and former NBCUniversal CEO Jeff Shell as the president, said two of the people. Current Paramount CEO Bob Bakish would depart the company, the people said.

Separately, Apollo and Sony have held preliminary discussions about teaming up for a deal that would buy out all Paramount Global shareholders at a premium, according to people familiar with the matter. The special committee hasn’t received concrete details on that offer and isn’t viewing it as a competitive bid to Skydance’s interest, two of the people said.

Still, the committee had more details on an initial offer made by Apollo, which it chose to ignore in favor of exclusive talks with Skydance. The special committee favored Skydance’s offer over Apollo’s in part because it offered shareholders future upside by keeping the company public with a cleaner balance sheet, one of the people said.

Spokespeople for Apollo, the Paramount Global special committee, Paramount Global, and Skydance’s consortium declined to comment.

One significant hurdle that remains is Paramount Global’s renewal agreement with Charter Communications for CBS and its cable networks. That deal is relevant to the value of Paramount Global, which could take a hit if Charter drops the networks or agrees to a lower carriage rate, the people said.

The deadline for that agreement is April 30. Paramount Global reports first-quarter earnings one day earlier, on April 29.

Paramount Global is still dependent on its traditional TV business, which accounts for about two-thirds of the company’s total revenue.

There are signs Charter could prove to be a tough negotiator with Paramount Global: Last year the cable provider, the second-largest in the U.S., briefly stopped carrying Disney’s networks when renewal negotiations between those two companies faltered. (The parties reached a deal 10 days later.)

Paramount’s cable networks are far less popular than Disney’s ESPN, which may put Bakish in a position of weakness.

The timing of the renewal and the deal talks set up an awkward dynamic, where Bakish, who would ultimately leave the company under a Skydance merger, will control Paramount Global’s fate with Charter.

Thus far, Bakish has always reached renewal deals with the major pay-TV distributors since taking over as CEO, dating back to his time running Viacom, beginning in 2016.

Bakish has privately argued against the Skydance deal because it dilutes common shareholders, according to people familiar with the matter. Several Paramount Global investors have also publicly written letters to the company’s board urging directors not to move forward with a Skydance deal, arguing it gives Redstone a massive premium for her controlling shares while leaving common shareholders out in the cold.

Under the terms of the deal, nearly 50% of the company will be owned by Skydance and its private equity partners, CNBC reported earlier this month. The rest of the company would be owned by common shareholders, and the company will continue to trade publicly.

“At Paramount, we’re always looking for ways to create shareholder value. And to be clear, that’s for all shareholders,” Bakish said during his company’s most recent earnings call in February.

Disclosure: NBCUniversal is the parent company of CNBC.

This article was originally published on NBCNews.com

Paramount Presents
A Skydance and its private equity partners Production