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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Warner Bros Discovery Inc

Warner Bros. Discovery has paused merger talks with Paramount Global, sources told CNBC on Tuesday, just two months after talks started on what would be a blockbuster shake-up in the burgeoning streaming wars.

Warner Bros. Discovery Pauses Merger Talks With Paramount, Report Says

Warner Bros Discovery Inc is trending up at writing following news that it has paused mergers talks with Paramount Global. The mass media giant was reported to have seriously engaged in discussions with $PARA over a potential merger in January.

Warner Bros Discovery has reportedly paused merger talks with Paramount

Warner Bros Discovery is no longer pursuing a merger with Paramount Global , halting talks after several months of kicking the tires on merging the media companies, CNBC reported on Tuesday, citing sources familiar with the matter.

Warner Bros Discovery halts merger talks with Paramount Global, CNBC reports

Warner Bros. Discovery has paused merger discussions with Paramount Global as the company trades at a 52-week low, sources told CNBC.

Warner Bros. Discovery halts merger talks with Paramount Global, sources say

Hasbro

Paramount's "Dungeons and Dragons" movie made more than $200 million in sales at the box office -- and still lost money. Undeterred, Paramount is in talks with Hasbro to make a DND series for TV streaming -- and maybe a second movie as well.

Paramount and Hasbro: A Match Made in Heaven? 3 Things Investors Should Know About Their Latest Partnership.

Today's price action in various media and streaming names has been notable. However, Paramount Global (NASDAQ: PARA ) is among the key movers this afternoon, with PARA stock moving around 5% lower.

S&P Just Issued a Big Debt Warning to Paramount (PARA) Stock

Paramount Global has been downgraded by credit ratings agency S&P to “credit watch negative” due to discouraging trends in its cash flow.

Paramount Global Downgraded Again To “Credit Watch Negative” By Ratings Agency S&P Due To “Weak” Cash Flow Trends

NEW YORK , Feb. 22, 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. The dividend will be payable on April 1, 2024, to stockholders of record at the close of business on March 15, 2024.

Paramount Global Declares Quarterly Cash Dividends

Apple

Berkshire Hathaway dumped a small portion of its Apple shares. The fourth-quarter selloff involved 10 million of the tech giant's stocks, an SEC filing showed.

First Paramount, now Apple. Warren Buffett's Berkshire sells shares of tech giant

Comcast

The development comes after Fox, Walt Disney's ESPN and Warner Bros Discovery said earlier this month they would launch a joint sports streaming service from their broad portfolio of professional and collegiate sports rights.

Paramount+ parent held talks with Comcast's Peacock about streaming deal: report

Paramount is in trouble: The one-time media giant's ad sales are plummeting, and so is its stock price. Would-be buyers are kicking the tires, but no one seems in a hurry to make a deal — the price will surely keep going down.

Why Paramount's problems should worry the rest of the media giants

Paramount Global has held recent talks with Comcast about joining forces in streaming through a partnership or joint venture, among several potential strategic options the entertainment company is pursuing, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Paramount discussed streaming deal with Comcast, WSJ reports

The two companies have recently discussed a streaming partnership or joint-venture for Paramount+ and Peacock.

Paramount Discussed Streaming Deal with Comcast

Yesterday, Berkshire Hathaway's quarterly stock holdings report revealed that the company trimmed its Paramount stake by 32%. Since the position is widely believed to be Warren Buffett's, the news will likely weigh on the stock.

Buffett's Berkshire Trims Paramount: Should You Sell, Too?

Berkshire Hathaway, the conglomerate run by billionaire investor Warren Buffett, offloaded about 30.4 million shares from its investment in Paramount Global.

Warren Buffett's Berkshire Hathaway dumps millions of Paramount shares

This year with more media mergers and acquisitions anticipated, one of the biggest questions is whether Paramount PARA PARA Global will be sold. There have been indications that Shari Redstone, a controlling shareholder via the family owned National Amusements Inc. holding company, is open to the possibility that the media company could be sold.

A Few Companies Are Interested In Acquiring Paramount Global

Helmerich & Payne

Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) sold off about 10 million shares or nearly $2 billion of Apple (AAPL) stock in the final quarter of 2023, according to the firm's 13-F filing, among a number of changes to its portfolio.

Buffett's Berkshire Hathaway Trimmed Positions in HP, Apple, and Paramount Global in Q4

Paramount Global (NASDAQ:PARA) shares fell over 5.5% in pre-market trading on Thursday after it was revealed Warren Buffett had sold his stake in the company over the fourth quarter. Berkshire Hathaway Inc (NYSE:BRK.A), Buffett's investment company, reduced its stake in Paramount from 93.7 million shares to 63.3 million shares, around a US$400 million reduction.

Paramount Global shares tumble as Buffett cuts stake

Shares of Paramount Global traded in the red after hours on Wednesday following the news that Warren Buffett's Berkshire Hathaway pared its holdings in the company.

Paramount Global shares fall 6% after Warren Buffett cuts stake

Berkshire Hathaway owned a 15% stake in Paramount, which has been exploring a possible sale, and the expectation is that he will soon dump his remaining position, a source told The Post.

Paramount shares plunge after Warren Buffett's Berkshire Hathaway cuts stake in media giant

Chevron

Berkshire sold 10 million shares of Apple and now holds 905 million shares, or nearly half of the company's equity portfolio.

Berkshire Sells Apple, Paramount, HP Stock, Buys More Chevron

Sirius XM Holdings Inc

StoneCo

Among key moves, Buffett's Berkshire Hathaway bought Chevron in the fourth quarter, while reducing Apple and Paramount.

Warren Buffett Plays Stock Market Defense Again — Here Are His Top Q4 Moves

The companywide layoffs at Paramount Global impacted about 20 employees at CBS News, including correspondents Catherine Herridge and Jeff Pegues, several sources said today. CBS News did not comment on the cuts, with some of the names of those let go first reported by the New York Post.

CBS News Lays Off 20 Amid Paramount Global's Companywide Cuts

Paramount Global (NASDAQ:PARA) is axing around 800 jobs or around 3% of its workforce as it sets its sights on returning to profit growth amid a wave of cost-cutting, reports revealed. It is expected to affect both workers based in the United States, who will be told on Tuesday, and those in international offices, according to a memo from chief executive officer Bob Bakish to employees.

Paramount Global cuts 800 jobs days after record Super Bowl

Paramount will focus its resources on its "most powerful, resonant franchises, films and series" and produce fewer local, international originals, CEO Bakish had said.

News for Paramount Global Stock (PARAA)