It looks like former Viacom CEO Tom Freston has found at least one outlet for some of the millions he got after chmn Sumner ousted him in Sept. Freston joined a $20 million investment round in Plum, the network of local TV stations serving exclusive areas like Aspen and Martha’s Vineyard. The round was led by The Kraft Group and The Raptor Fund. Plum plans to use the new dough to expand into Sun Valley, ID, and Miami Beach, FL.

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PSKY-WBD Latest: Ellison Still Confident

Paramount Skydance CEO David Ellison wrote that leadership remains “highly confident” that the company’s $110 billion merger with Warner Bros. Discovery “does not pose any legal issues, and we will complete it and bring these two companies together.”

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