Paramount Global

Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

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If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Paramount Global (PARAA) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Paramount Global (PARAA) Is Still Trading at a Bargain

The soon to be Skydance-controlled Paramount Global thought they were trimming costs with the latest round of layoffs unveiled last month, but the still Shari Redstome ruled company may find itself in a new legal leg-hold trap as a consequence of the cuts.

Paramount Hit With Potential Class Action Over Last Month's Layoffs

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These fives stocks have strong growth potential for the rest of 2024. These are: APP, DUOL, PARAA, TWLO, CTLT.

More Interest Rate Cuts Ahead: 5 Growth Stocks to Benefit

NICK'S "KIDS' VOTE" LAUNCHES TODAY, WITH RESULTS REVEALED IN SPECIAL HOSTED BY NATE BURLESON AND HIS DAUGHTER MIA, DEBUTING MONDAY, OCT. 28, ON NICKELODEON PLATFORMS AND PARAMOUNT+ Share it: @Nickelodeon #KidsPickthePresident Click HERE  to download asset.

NICKELODEON LETS KIDS' VOICES BE HEARD THIS ELECTION SEASON WITH RETURN OF KIDS PICK THE PRESIDENT "KIDS' VOTE" POLL AND BRAND-NEW SPECIAL

Paramount Global is undervalued with a price/book ratio of 0.43, despite its well-known brands and extensive film and TV library. PARA's current ratio of 1.3 indicates a good cash position and manageable debt, essential amid near-term GAAP losses. The Company's profitability declined in 2023 due to falling ad revenue and streaming losses, but estimates suggest a return to profitability with a P/E ratio of 6.91.

Paramount Global: A Lot Of Uncertainties, But There's Value To Be Had

On October 1, Paramount Global's contract with ratings provider Nielsen expired without a renewal agreement. As a result, Paramount Global networks including broadcast network CBS and such cable channels as Nickelodeon and Comedy Central will not have access to Nielsen ratings.

Paramount Global Is Going Without Nielsen Ratings (For Now)

Disney

It hasn't been a good week for the entertainment industry. Two of media's biggest names—the Walt Disney Company and Paramount Global—each announced layoffs this week.

Disney and Paramount lay off hundreds of employees as legacy media giants struggle with pay-TV decline in 2024

NEW YORK , Sept. 25, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock.

Paramount Global Declares Quarterly Cash Dividend

Paramount Global has begun the second phase of its planned layoffs in the United States as the media giant pushes toward increasing profitability, according to an internal memo seen by Reuters.

Paramount Global begins second phase of layoffs in U.S., internal memo says

Paramount Global has initiated the next phase of its plan to lay off 15% of its U.S. workforce, saying the cuts will be 90% complete after further cutbacks today. George Cheeks, Chris McCarthy and Brian Robbins conveyed the news to staffers in a memo this morning. (Read it in full below.

Paramount Initiates Next Round Of Layoffs In Ongoing Effort To Cut 15% Of U.S. Workforce

Leaders of the "Divine Nine" plus Nine additional emerging young leaders powerfully share their collective voices NEW YORK , Sept. 19, 2024  /PRNewswire/ -- BET and The National Pan-Hellenic Council, Inc. (NPHC) are proud to announce the launch of the new BET 'We VOTE' Public Service Announcements (PSA) featuring all nine Black fraternities and sororities.

BET AND THE NATIONAL PAN-HELLENIC COUNCIL JOIN FORCES TO MOBILIZE BLACK VOTERS FOR THE 2024 ELECTION

5th Annual National Black Voter Day Will Mobilize Black Voters Nationwide to Drive Unprecedented Turnout in the 2024 Election NEW YORK , Sept. 18, 2024 /PRNewswire/ -- BET Media Group (a unit of Paramount, NASDAQ: PARAA; PARA), the world's largest media company dedicated to empowering the Black community and championing Black culture, is proud to continue its commitment to mobilizing Black voters through comprehensive voter education initiatives, community engagement, and strategic partnerships, leading up to the 5th Annual National Black Voter Day on September 20, 2024.

Your Voice is Your Vote. BET Media Group, National Urban League, NAACP, and Other Partners Aim to Drive Awareness and Registration This National Black Voter Day on September 20th

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Sirius, Royal Caribbean Cruises, Norwegian Cruise Line, Paramount and Crocs are included in this Analyst Blog.

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Five consumer discretionary stocks that are likely to gain big from possible rate cut in September are: SIRI, CROX, RCL, NCLH, PARAA.

Buy 5 Consumer Discretionary Stocks Ahead of Fed FOMC to Gain Big

Paramount Global (PARAA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Here's Why Paramount Global (PARAA) Is a Great 'Buy the Bottom' Stock Now

Larry Ellison, the billionaire co-founder of Oracle Corp (NYSE:ORCL, ETR:ORC), will control Paramount Global (NASDAQ:PARA) after a group led by his son David takes over the entertainment firm, a regulatory filing has revealed. David Ellison's Skydance Media is purchasing National Amusements, the company that controls Paramount, in a deal valued at about $8 billion.

Larry Ellison to control Paramount Global after Skydance merger, filings show

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Despite a weak start to this month, we offer five stocks as momentum picks for September. These are: AIZ, ALLY, APP, PARAA, STX.

5 Momentum Stocks to Buy for September Gains Despite Market Volatility

CBS parent Paramount Global will be controlled by software billionaire Larry Ellison after a group led by his son David completes its purchase of the Redstone family's interest in the film and TV company, Bloomberg News reported on Thursday, citing a regulatory filing.

Billionaire Larry Ellison to control Paramount after deal, Bloomberg News reports

Students, alumni and community members will have the chance to win special prizes for making their voices heard this election season WASHINGTON, Sept. 5, 2024 /PRNewswire/ -- Today, HBCU Buzz , BET , Live Nation Urban and When We All Vote , Michelle Obama's national, nonpartisan voting initiative, announced the Vote Loud: HBCU Voter Registration Challenge , calling on HBCU students and community members to use their voices at the ballot box this November.

HBCU Buzz, BET, Live Nation Urban and When We All Vote Launch Vote Loud: HBCU Voter Registration Challenge

Two consumer discretionary stocks set to benefit from a possible rate cut in September are: RCL, PARAA.

Grab These 2 Consumer Discretionary Stocks on September Rate Cut Hope

Despite market negativity on the Skydance deal, I consider Paramount to be an attractive investment with an asymmetrical risk/reward ratio. Class B shareholders can sell 48-100% of their shares at $15 each, offering a 42.6% return with minimal risk. Only the remaining 0-52% of the shares are at risk, with a high margin of safety at the current market price.

Paramount: Timely Investment Opportunity With An Attractive Risk/Reward Ratio

The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.

Edgar Bronfman Jr. drops bid for Paramount, clearing the way for Skydance's merger

Shares of Paramount Global are softer today after Edgar Bronfman Jr. exited the Paramount fray last night and shareholders hoping for a bidding war with Skydance were disappointed. “It was a long shot to begin with,” said one investor of Bronfman's offer.

Paramount Stock Has Down Day As Edgar Bronfman's Exit Dashes Hopes Of Bidding War With Skydance

Edgar Bronfman Jr. walked away from his 11th hour bid for Paramount as the clock ran out on the process, people familiar with the matter said. Bronfman had planned to boost his bid to about $6 billion, but the amount raised as of Monday was closer to $5 billion after some potential investors dropped out, the people said.

Edgar Bronfman Jr. dropped Paramount bid after running out of time to secure financing

Paramount Global's stock PARA slid 5% Tuesday after American businessman Edgar Bronfman Jr. scrapped his bid for the company's parent, National Amusements, but bondholders seemed to like the news.

News for Paramount Global Stock (PARAA)