April 11 (Reuters) - Paramount Global disclosed on Thursday that it plans to shrink its board to seven directors from 11 currently amid reports that the entertainment giant controlled by Shari Redstone was discussing a merger with Skydance Media.

Directors proposed in the company's proxy filing excluded current board members Dawn Ostroff, a former Spotify executive, Sony Entertainment ex-president Nicole Seligman, Redstone attorney Rob Klieger and investment banker Frederick Terrell.

The Wall Street Journal had reported on Wednesday that the four directors are expected to leave the board in the coming months. (Reporting by Aditya Soni in Bengaluru; Editing by Shilpi Majumdar)