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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Chief Executive Bob Bakish says in an internal company memo that returning Paramount to earnings growth is a top priority.

Paramount to Cut 800 Jobs Even as CEO Bakish Touts ‘Blockbuster' Super Bowl

Company that owns CBS, broadcaster of NFL showpiece, announces 3% reduction in global workforce

Paramount cuts 800 staff two days after Super Bowl was biggest ever TV show

Paramount Global is reportedly cutting 800 jobs on the heels of a record audience of 123 million views for Super Bowl Sunday, according to an internal memo published by the The Hollywood Reporter

Paramount to cut 800 jobs even after Super Bowl broadcast notched record: report

Paramount Global said on Tuesday it is laying off about 800 employees, or roughly 3% of its workforce, CNBC reported, citing a person familiar with the matter.

Paramount Global to cut 800 jobs - CNBC

Paramount Global is opened in the red this morning after announcing plans of lowering its headcount by about 3.0%. The mass media company will lay off some 800 employees in total.

Paramount layoffs: 800 employees to lose jobs

Paramount Global has begun a planned round of layoffs, telling U.S.-based employees that those affected by the cutbacks will be notified by the end of Tuesday. An internal memo from CEO Bob Bakish (read it below) did not disclose numbers.

Paramount Global Layoffs Begin; CEO Bob Bakish Tells Departing Employees, “Your Talents Have Helped Us Advance Our Mission”

Paramount Global CEO Bob Bakish announced the company will lay off hundreds of employees Tuesday, just a day after CBS announced Super Bowl viewing records.

Paramount Global lays off about 800 employees, a day after announcing record Super Bowl ratings

NEW YORK , Feb. 12, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA), alongside its brands, industry affiliates, and community partners, orchestrated a series of impactful events in Las Vegas leading up to this past Sunday's game to shine a light on important societal issues.  Through its Content for Change  (CFC) initiative, Paramount Global seeks to harness the power of content to combat bias and harmful stereotypes, transforming how the world sees people.

Paramount's Content for Change Delivers Impactful Initiatives in Las Vegas

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In January 2024, we received $6851.67 in dividend income. Leggett & Platt was the highest dividend payer this month.

Bert's January Dividend Income Summary

This latest deal extends a partnership between the studio and production company that launched in 2021 HOLLYWOOD, Calif. , Feb. 8, 2024 /PRNewswire/ -- Paramount Pictures announced today that it has renewed its first look development deal with Ryan Reynolds' Maximum Effort Productions for an additional three-year term, taking the studio's partnership with the production company through December 2026.

PARAMOUNT PICTURES ANNOUNCES RENEWAL OF MULTI-YEAR FIRST LOOK DEAL WITH RYAN REYNOLDS' PRODUCTION COMPANY MAXIMUM EFFORT

New York Times

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As the stock market is always changing, intelligent investors are always on the lookout to fine-tune their portfolios. Their goal is to eliminate the underachievers and strengthen their holdings in assets.

3 Sorry Media Stocks to Sell in February While You Still Can

Personal and financial motivations for Shari Redstone have added complexity to discussions regarding the sale of Paramount.

Why Shari Redstone is trying to sell Paramount — and why she needs the right deal

Super Bowl LVIII Live from Bikini Bottom  to Feature SpongeBob SquarePants and Patrick Star Live in the Booth alongside CBS Sports' Nate Burleson and Play-by-Play Announcer Noah Eagle, Sunday, Feb. 11, at 6:30 p.m. (ET), Between the 49ers and Chiefs All-New Episodes of NFL Slimetime and More to Premiere During Super Bowl LVIII Week  Share it: @Nickelodeon @CBSSports @NFL #SBLVIII *Click HERE to view assets and HERE for a sneak peek of the 'Sweet Victory' opening segment.

NICKELODEON AND CBS SPORTS REVEAL DETAILS FOR SLIME-FILLED SUPER BOWL LVIII ALTERNATE TELECAST

CHICAGO & TORONTO--(BUSINESS WIRE)--Euna Solutions Appoints Brian Haney as Chief Customer Officer to support exceptional customer service.

Euna Solutions Reinforces Customer Experience as Paramount Appointing Brian Haney as Chief Customer Officer

News of Byron Allen's $30 billion offer (including debt) for Paramount Global has restarted Hollywood's most active parlor game: Whither Paramount and assets like its 112-year-old film studio and iconic Melrose lot? Paramount is taking Allen's bid seriously enough, as Deadline understands it, to form a special board committee to evaluate any potential bids.

Paramount Global Nears Crossroads After Latest Acquisition Offer: What's Shari Redstone's Next Move?

Media mogul Byron Allen is focused on acquiring Paramount Global's television networks and stations, people familiar with the matter said on Wednesday, as part of a $14 billion offer to buy the company.

Byron Allen seeks television assets in Paramount bid - sources

Byron Allen of Allen Media Group offered to acquire Paramount Global at a nearly 50% premium. Though the media magnate has a long history of failed acquisition attempts, if successful, he plans to sell Paramount's film studio, real estate, and some IP while keeping its TV channels and Paramount+ streaming service.

Why Paramount Global Stock Soared Today

Allen Media Group, run by media mogul Byron Allen, offered to buy Paramount Global in a deal worth more than $14 billion after a prior offer extended last year was rebuffed.

Byron Allen offers to buy Paramount Global for $14 billion

Media mogul Byron Allen has made a $14.3B offer to buy Paramount Global -- the second bid for the company by the former standup comedian.

Paramount board takes steps toward sale as Byron Allen submits $14B buyout bid

Allen previously explored deals to buy ABC, television station operator Tegna and the National Football League's Washington Commanders.

Byron Allen, offering $14 billion for Paramount, has a long history of media bids that haven't materialized

Paramount Global (NASDAQ:PARA) stock jumped over 26% after media mogul Byron Allen made a near $30 billion takeover offer for the owner of CBS, Comedy Central, Nickelodeon and a Hollywood film studio.  Allen Media Group made an unsolicited offer on Wednesday to spend $14.3 billion on the shares and assume the company's $15 billion of debt.

Paramount surges as Byron Allen's Media Group makes offer

Paramount Global surges as Byron Allen's Media Group makes offer

Byron Allen has offered $14.3 billion for Paramount Global, the latest effort to acquire major media assets by Allen, a former stand-up comedian and actor who has made several billion-dollar bids in recent years to build up his media firm, including proposals for the Denver Broncos, ABC's television network and other Paramount-owned channels.

Who Is Byron Allen? Comedian Turned Media Mogul Offers $14 Billion For Paramount

Paramount Global (PARA) stock jumped Wednesday after media entrepreneur Byron Allen offered $30 billion for the company's outstanding stock and debt.

Paramount Stock Jumps on $30 Billion Byron Allen Buyout Offer

Paramount Global (NASDAQ:PARA) has been the focus of potential M&A talks  recently, with Warner Bros (WBA) jumping in last month to discuss a prospective deal.

Billion-Dollar Buyout Offer Boosts Paramount Stock

News for Paramount Global Stock (PARAA)