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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Programming Initiatives Will Leverage Full Scale and Power of Brands to Commemorate the Genre's Impact on Music and Culture Cross-Company Support Will Include a Special Performance at "The 65th Annual Grammy Awards" NEW YORK , Nov. 17, 2022 /PRNewswire/ -- Paramount (NASDAQ: PARA, PARAA) today announced programming initiatives to honor the 50th anniversary of Hip Hop, unveiling an extensive slate of content that celebrates the culture across the media and entertainment company's portfolio of leading broadcast, cable, streaming and digital brands. SHOWTIME® kicked things off in late 2021 with  HIP HOP 50 , a three year initiative with Mass Appeal, who have a legacy and focus on the music industry, through which SHOWTIME has showcased Hip Hop's legendary stories, including SUPREME TEAM, CYPRESS HILL: INSANE IN THE BRAIN, YOU'RE WATCHING VIDEO MUSIC BOX and RICKY POWELL: THE INDIVIDUALIST.

Paramount Global Celebrates 50th Anniversary of Hip Hop

Paramount Global stock (NASDAQ: PARA) remains down by about 36% year-to-date, considerably underperforming the S&P 500 which remains down by about 16% over the same period.

Paramount Stock Looks Like Good Value At Under $20

The top two entertainment executives at CBS are leaving as part of a broader restructuring at the network and its parent company, Paramount Global.

Two top CBS execs ousted amid Paramount's broader restructuring

Paramount Global (NASDAQ:PARA ) RBC Capital Markets Technology, Internet, Media and Telecommunications Conference 2022 November 16, 2022 9:25 AM ET Company Participants Naveen Chopra - EVP and CFO Conference Call Participants Kutgun Maral - RBC Capital Markets Kutgun Maral All right. Let's get started.

Paramount Global (PARA) RBC Capital Markets Technology, Internet, Media and Telecommunications Conference 2022 (Transcript)

Advertising is soft, said Paramount Global's top finance executive, but the company's mix of broadcast, FAST, SVOD, and cable “puts us in a very powerful position” to weather the market, as does the sale of a bigger than usual chunk of inventory at the upfront.

Paramount Global CFO Says Ad Market Soft But Not “Anything Close To” Covid Days

EXCLUSIVE: Layoffs are under way at Paramount Global, with several dozen employees expected to leave the company today, insiders have confirmed to Deadline. The cuts, which are expected to affect fewer than 100 workers in both New York and LA, are largely concentrated in the ad sales group.

Paramount Global Begins New Round Of Layoffs, Focused In Ad Sales Group

First-Look Trailer Also Revealed Here Share it: @Nickelodeon @ParamountPlus   #SnowDayMovie *Click HERE  to embed the trailer and HERE  to download art. HOLLYWOOD, Calif.

NICKELODEON AND PARAMOUNT+ SET DECEMBER 16 FOR PREMIERE OF SNOW DAY, ORIGINAL MOVIE MUSICAL BASED ON AN ICONIC CLASSIC

Famed investor Warren Buffett's Berkshire Hathaway knocked Paramount Global shares higher after disclosing that it has raised his stake in the media company. In an SEC filing, the so-called “Oracle Of Omaha's” holding company revealed a ownership position of 91.2 million Paramount shares worth $1.7 billion as of the end of the third quarter.

Paramount Global Stock Flies As Warren Buffett's Berkshire Hathaway Boosts Stake

Paramount Global's stock got a boost after Berkshire Hathaway upped its stake, a fresh signal that the media company could be an acquisition target.

Paramount Global shares jump after Warren Buffett's Berkshire Hathaway increases stake

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Billionaire investor Warren Buffett was a buyer of stocks to the tune of $9 billion last quarter, per a new regulatory filing from Berkshire Hathaway Inc (NYSE: BRKA).

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NEW YORK , Nov. 11, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA) today announced that Naveen Chopra, Executive Vice President and Chief Financial Officer of Paramount Global, will participate in a fireside chat during the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York, NY on Wednesday, November 16, 2022, at 9:25 a.m. ET. A live audio webcast will be available on Paramount's Investor Relations homepage at ir.paramount.com.

Paramount Global's Chief Financial Officer Naveen Chopra to Participate in the 2022 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference

"SOUL TRAIN AWARDS RED CARPET SPECIAL" PRESHOW AIRS AT 7 PM ET/PT WITH HOSTS TANK, LETOYA LUCKETT, AND NOVI BROWN JB SMOOVE, LUCKY DAYE, MARK TALLMAN, MICHELLE MITCHENOR, AND QUEEN NAIJA TAPPED AS PRESENTERS #SOULTRAINAWARDS NEW YORK , Nov. 10, 2022 /PRNewswire/ -- Today, BET announced the new air date for "Soul Train Awards" 2022, now premiering Saturday, November 26th at 8 pm ET/PT on BET, BET HER, Logo, MTV2, and VH1, hosted by award-winning comedian and actor Deon Cole. J. Valentine joins previously announced Ari Lennox, Chanté Moore, Muni Long, SiR, Tank, and BET Amplified stage artists Coco Jones and Q as performers.

BET ANNOUNCES NEW AIR DATE FOR "SOUL TRAIN AWARDS" 2022, THE FEEL GOOD SHOW OF THE YEAR WILL AIR SATURDAY, NOVEMBER 26 AT 8 PM ET/PT ON BET, BET HER, LOGO, MTV2 AND VH1

Renewed deal will see SVOD service Paramount+ debut on Virgin TV in 2023 and wider distribution of Pluto TV, the leading free, ad-supported TV (FAST) service  DOWNLOAD PARAMOUNT LOGO   | DOWNLOAD VIRGIN MEDIA LOGO LONDON , Nov. 2, 2022 /PRNewswire/ -- Paramount and Virgin Media have today announced a new multi-year distribution agreement, extending their existing long-term partnership across Paramount's streaming services and linear channels in the UK.  The renewed partnership will see Paramount+, the global subscription video-on-demand (SVOD) service, debut on Virgin TV in 2023.

Paramount and Virgin Media agree to new multi-year distribution partnership deal for UK streaming services and channel portfolio

Paramount Global is planning for “meaningful and sizeable” cost cuts in the coming months as it looks to balance streaming investments with declining pay-TV operations.

Paramount Eyes “Meaningful And Sizable” Cost Cuts, With Possible Restructuring Charge In Q4

Paramount Global (NASDAQ: PARA ) stock is falling on Wednesday after the entertainment company released earnings results for the third quarter of 2022. Let's begin with the company's adjusted earnings per share of 39 cents.

Why Is Paramount Global (PARA) Stock Down Today?

Paramount Global (NASDAQ:PARA ) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Anthony DiClemente - Executive Vice President, Investor Relations Bob Bakish - President & Chief Executive Officer Naveen Chopra - Chief Financial Officer Conference Call Participants Michael Morris - Guggenheim Partners Bryan Kraft - Deutsche Bank Rich Greenfield - LightShed Partners Brett Feldman - Goldman Sachs Douglas Mitchelson - Credit Suisse Ben Swinburne - Morgan Stanley John Hodulik - UBS Operator Good morning or good afternoon. My name is Adam, and I'll be the conference operator today.

Paramount Global (PARA) Q3 2022 Earnings Call Transcript

Paramount reported its earnings results for the third quarter this morning, citing growth in global streaming subscribers. The company's flagship streaming service, Paramount+, saw a slight increase of 2.7 million subscribers in Q3, bringing the total to 46 million, up from 43.3 million in the second quarter when Paramount+ experienced a net add of 3.

Paramount+ reaches 46M global subscribers in Q3, but stock drops ~9% on revenue miss

The media company said revenue gains for its direct-to-consumer and film business were offset in part by a decline in its television division.

Paramount's Profit Falls on Rising Costs

Paramount Global shares slid in pre-market trading after the media company reported third-quarter financial results below Wall Street's expectations. While streaming service Paramount+ reached 46 million subscribers, up 4.6 million from the previous quarter, the broader picture was less rosy. Total revenue inched up 5% to $6.

Paramount Global Hits Bumps In Q3, With Pay-TV Declines Offsetting Streaming Progress; Stock Drops In Pre-Market Trading

Shares of Paramount Global PARA, +4.64% were falling more than 6% in premarket trading Wednesday after the media giant fell short of revenue and earnings expectations for its latest quarter. The company recorded third-quarter net earnings from continuing operations of $153 million, or 21 cents a share, down from $465 million, or 69 cents a share, in the year-before quarter.

Paramount stock slips as earnings, revenue fall shy of expectations

NEW YORK , Nov. 2, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the third quarter ended September 30, 2022. Please visit the Paramount investor relations website to view the press release.

Paramount Global Reports Third Quarter Financial Results

Although the fourth quarter is a historically strong period for the markets, Omega Advisors chairman and CEO Leon Cooperman remained wary.

Here's What Billionaire Investor Leon Cooperman Is Buying As He Anticipates A Recession In 2023

Paramount Global (NASDAQ: PARA) has been in a downturn over the past seven months but a Wells Fargo analyst warns the pain is not over just yet. Paramount stock could crash to $13 On Monday, Steven Cahall downgraded the media an entertainment conglomerate to “underweight”.

Paramount stock no longer deserves a premium multiple: Wells Fargo

In case their accounts weren't already down enough, investors of Paramount Global (NASDAQ: PARA ) are having yet another difficult day. PARA stock is down due to an unapologetic downgrade and price-target slashing at the hands of Wells Fargo analysts.

Paramount Global (PARA) Stock Slips on Wells Fargo Downgrade

Shares of Paramount Global Inc. were falling more than 3% in premarket trading Monday after a Wells Fargo analyst expressed concern about the company's streaming strategy and the outlook for traditional media.

News for Paramount Global Stock (PARAA)