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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Paramount Global is sharpening the ax for a massive wave of staff reductions that could whack as many as 800 jobs, according to a new report. The debt-laden entertainment giant, which has been put up for sale, will begin slashing hundreds of jobs in February, Deadline reported late Sunday.

Paramount Global braces for as many as 800 layoffs: report

EXCLUSIVE: Amid speculation about its future, Paramount Global is proceeding with a new wave of staff reductions in February, sources tell Deadline. I hear the cuts will impact hundreds of employees across the entire company. For the past several days, there has been chatter that Paramount layoffs of about 800 are imminent.

Paramount Global Braces For New Round Of Layoffs

The Offer is the name of a series on Paramount+. Now, it could be the logline for Paramount Global. National Amusements, Inc., the Shari Redstone-led company that owns the majority of voting shares in Paramount Global, is reportedly fielding interest from another entity mulling an acquisition offer.

Paramount Stock Climbs On Report That Private Equity Firm Apollo Is Mulling A Bid For National Amusements

Warren Buffett, a longtime client of Byron Trott, also happens to be Paramount's biggest shareholder.

Shari Redstone banker's ties to Warren Buffett raise scrutiny amid Paramount sale talks

NEW YORK , Jan. 16, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will report fourth quarter and full year 2023 financial results on Wednesday, February 28, 2024. The company will conduct a conference call at 4:30 p.m.

Paramount Global to Report Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024

Karisma Hotels & Resorts Transforms the Family-Friendly Paradise with a Snick Lounge, The Sweetery, and Exciting Expansions MIAMI , Jan. 16, 2024 /PRNewswire/ -- Karisma Hotels & Resorts, in partnership with Paramount, is thrilled to announce a host of exciting new openings and renovations that are taking place at the award-winning Nickelodeon Hotels & Resorts Punta Cana, Dominican Republic . Designed to create an unparalleled guest experience, the extensive transformation includes new enticing culinary experiences, updates to the resort's one-of-a-kind, immersive features, and an expansion of the family-favorite Aqua Nick® waterpark.

Nickelodeon Hotels & Resorts Punta Cana Unveils a Wave of Epic New Renovations

Coinbase

iRobot

Here's our daily look at three charts linked to recent news-driven price moves, with important technical levels to monitor.

3 Charts For Investors to Watch Thursday: Coinbase, Paramount Global, iRobot

Skydance Media, the independent Hollywood studio, is reportedly in the initial stages of negotiating an all-cash acquisition of National Amusements, the parent company of media conglomerate Paramount Global (NASDAQ:PARA). This potential deal, as detailed by The Wall Street Journal, could eventually lead to the merger of Skydance and Paramount.

Tech billionaire Larry Ellison and son reportedly go after Paramount

Skydance Media is in early talks over an all-cash offer for National Amusements, the parent of media giant Paramount Global, in an effort that would eventually merge both Skydance and Paramount, the Wall Street Journal reported on Wednesday.

Skydance investors discussing two-part plan to merge with Paramount: report

Shari Redstone is launching a formal auction of National Amusements, the holding company that controls struggling media giant Paramount Global, The Post has learned.

Shari Redstone launches auction of Paramount Global's holding company: sources

Skydance Media CEO David Ellison is looking into acquiring National Amusements, the parent company of Paramount Global (NASDAQ:PARA), according to reporting from the Wall Street Journal.  Ellison is reportedly exploring an all-cash bid financed by Skydance investors including the Ellison family, Tencent and RedBird Capital, a source familiar with the matter said Wednesday.

Skydance CEO explores buying Paramount Global's parent company with an eye on a potential blockbuster merger: report

Skydance Media CEO David Ellison is exploring an all-cash bid to acquire entertainment giant Paramount Global's parent National Amusements, the Wall Street Journal said in a report on Wednesday, citing people familiar with the matter.

Skydance Media CEO exploring all-cash bid to take control of Paramount - WSJ

CEO David Ellison, father Larry Ellison and other investors are in talks to buy Shari Redstone's stake in National Amusements, Paramount's parent.

Skydance Backers Explore All-Cash Deal to Gain Control of Paramount

Comcast

Disney

Netflix

Warner Bros Discovery Inc

Wall Street wants legacy media companies to prove that streaming can be a profitable model, but it has yet to be convinced.

Here's what Wall Street wants to see from Hollywood this year

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Con Ed

Kimberly-Clark

There are going to be some heavy-hitting dividend stocks that announce dividend increases in January. With the S&P 500's strong December and a rosy economic forecast for 2024, I'm curious if that will change the Cincinnati Financial management's dividend expectations for 2024. What surprised me about this list is the number of companies that are Dividend Kings or are on the verge of becoming a Dividend King.

6 Expected Dividend Increases In January 2024

Paramount Global's shares have been rising on rumors of a potential sale or merger in recent months. The company's Q3 earnings beat estimates, with improved revenues and bottom-line performance, signaling a positive outlook for the future. Paramount's streaming business is gaining momentum, with increased DTC revenues and subscribers, and plans for expansion, making it an attractive investment.

Paramount Global: Time To Turn Bullish

Top U.S. cable operator Comcast has reached a carriage renewal with Paramount Global, averting a potential blackout of service around the New Year's holiday. The deal, confirmed to Deadline by a Paramount spokesperson, comes before the expiration of the current pact at the end of the year.

Comcast And Paramount Reach Carriage Renewal, Averting Blackout

Shari Redstone's National Amusements, the controlling shareholder of Paramount Global, has confirmed it was the victim of a hack that affected more than 82,000 people.

Paramount, CBS Owner National Amusements Confirms Cyberattack Affecting 82,000 People

National Amusements, the cinema chain and corporate parent giant of media giants Paramount and CBS, has confirmed it experienced a data breach in which hackers stole the personal information of tens of thousands of people.

CBS, Paramount owner National Amusements says it was hacked

The CEOs of Warner Bros. Discovery and Paramount reportedly met this week to discuss a potential merger.

Warner Bros. Discovery Is in Talks to Merge With Paramount: Is Its Stock a Buy for 2024?

If you haven't noticed, this isn't a great time to be running a media company.

Warner Bros. Discovery CEO David Zaslav's lifeline to Paramount's Shari Redstone not enough amid merger talk

As reports emerged about a potential tie-up of the media giants, the stocks of both firms fell. Why Wall Street is unimpressed.

A Paramount-WBD Merger Could Be Too Little, Too Late

A merger between entertainment giants Warner Bros. Discovery Inc. and Paramount Global could bring together TV networks like CBS and CNN, streaming services Max and Paramount+, and a wide swath of sports broadcasting.

A Warner Bros.-Paramount merger would create a streaming behemoth.

The purchase of Shari Redstone's stake in National Amusements and Paramount would make it easier for David Zaslav to start to absorb the media company.

Warner Bros. Discovery CEO Zaslav not ready to make deal for Paramount

The chief executives of Warner Bros. Discovery and Paramount Global reportedly recently got together to weigh the possibility of merging their media companies into one.

News for Paramount Global Stock (PARAA)