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Charter pays Paramount to carry its channels, including CBS and Nickelodeon. The outcome of the negotiations could weigh on Paramount's valuation in the event of a sale.
David Ellison's production company Skydance Media is one of the leading contenders to acquire the floundering entertainment giant Paramount Global. Sony and Apollo Global are other competitors.
While the talks are preliminary, the two sides have been hashing out the contours of a deal that would have the Culver City-based Sony film and television studio take the lead in the partnership.
Paramount Global: Byron Allen Makes $14 Billion Bid For Conglomerate
Even though Tom Cruise inked a non-exclusive pact at Warner Bros earlier this week, it looks like he'll continue to be busy with Paramount for some time.