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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America's #1 refrigerated ranch dressing brand and leader in consumer-packaged goods introduces seven newly-formulated sauces and dips with unique flavors SANDPOINT, Idaho , July 31, 2024 /PRNewswire/ -- Litehouse announced the retail availability this summer of two new product lines, Litehouse Kids and Litehouse Loaded , reinforcing its commitment to quality and innovation.  Produced in partnership with Paramount Consumer Products and FoodStory Brands, Litehouse Kids will introduce two exciting themes for dips, leveraging their popular franchises including SpinMaster's PAW Patrol  and Teenage Mutant Ninja Turtles: Mutant Mayhem.

Litehouse to Launch Two New Lines of Bold "Loaded" Flavors and Kid-Friendly Dressings and Dips to Grocery Retailers This Summer

Kraft Heinz

Sirius XM Holdings Inc

This Berkshire/Buffett holdings-list from Kiplinger first-appeared 5/16/24 on the Berkshire SEC Form-13F. Kiplinger, YCharts, and Dogs-of-The-Dow all track this BRK batch. Here is your update from 7/28/24 YCharts data. 25 of 41 current Berkshire-owned stocks pay dividends. As of 7/28/24 the top-ten ranged 2.36%-4.8% by annual-yield and 35 of 41 ranged 1.60% to 52.71% by broker-estimated target-price-upsides. Analyst-estimated top-ten net-gains from Berkshire's July divi-dogs ranged 8.75%-21% from DEO, BAC, OXY, TMUS, C, PARA, V, MA, CVX, and KHC, per YCharts.

3 Buyable Berkshire DiviDogs From July And 6 More To Watch

Former Warner Music chairman Edgar Bronfman Jr. is still in talks with bankers about a potential bid for Paramount Global's parent, National Amusements, Axios reported on Tuesday, citing sources.

Edgar Bronfman Jr. still pursuing a deal for Paramount, Axios reports

Nexstar Media Group

Multi-Year Renewal Covers CBS Affiliated Television Stations in 42 Markets Owned by Nexstar and Mission Broadcasting, Inc. Paramount-owned Stations in Miami and Detroit To Become CW Network Affiliates on September 1 IRVING, Texas and NEW YORK , July 30, 2024 /PRNewswire/ -- Nexstar Media Group, Inc. (NASDAQ: NXST) (Nexstar) and Paramount Global (NASDAQ: PARA, PARAA) (Paramount) today announced that Nexstar and its operating partner, Mission Broadcasting, Inc. (Mission), have reached comprehensive multi-year agreements to renew CBS Television Network affiliations in 42 markets across the country, including 40 stations owned by Nexstar and two stations owned by Mission. Together, the 42 stations reach 15% of the U.S. audience, serving nearly 19 million television households.

PARAMOUNT GLOBAL AND NEXSTAR MEDIA RENEW AFFILIATION AGREEMENTS

IAC/InterActiveCorp

Billionaire Barry Diller signaled his digital-media conglomerate IAC was no longer in the race to buy Paramount Global , CNBC reported on Friday.

Barry Diller says Paramount pursuit 'might be over' for IAC, CNBC reports

A Paramount Global investor has sued to the block its merger with Skydance Media, saying the deal would cost its shareholders $1.65 billion, according to a lawsuit filed in Delaware's Chancery Court on Wednesday.

Paramount, Skydance merger faces court challenge by shareholder

AMC Entertainment

AMC Networks

Comcast

Disney

Twenty-First Century Fox

Warner Bros Discovery Inc

Media and entertainment shares are having a great day as are markets with the Dow, S&P and Russell 2000 all decisively on the upswing. Investors are baking in an interest rate cut this fall with some pushing for relief as early as the Federal Reserve's July 31 meeting.

Media Stocks Jump With Broader Market As Interest Rate Relief Seems Certain

NEW YORK , July 12, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will report second quarter financial results on Thursday, August 8, 2024. The company will conduct a conference call at 4:30 p.m.

Paramount Global to Report Second Quarter Financial Results on August 8, 2024

Cardinale knows the new Paramount run by a new generation of media mogul in David Ellison in an era of AI and technological change, could be the test-case for the industry's future.

How famed investor Mario Gabelli could derail Paramount's Skydance merger: ‘We want to see all the details'

Paramount  has laid out some terms of its planned merger with David Ellison's Skydance including what happens if another bidder appears. The deal includes a so-called “go shop” period during which other interest parties can submit offers. It runs for 45 days from the announcement of the deal, which was unveiled late Sunday night.

Skydance Deal In Hand, Paramount Lays Out What Happens If A Rival Offer Emerges

CBS News President Ingrid Ciprian-Matthews said Wednesday she's resigning after less than a year in her role, and CNN announced that it was eliminating approximately 100 jobs in continued signs of upheaval for the media business.

Media upheaval: CNN cutting about 100 jobs, and CBS News president announces resignation

Missing HBO's Succession and the fraught saga of the Lucas Roy family's media empire? The battle for Paramount Global and its merger with Skydance Media might provide at least a bit of déjà vu.

Paramount's ‘Succession' Plan Doesn't Solve Big Media Challenges

A leading analyst sizes up the impact on the future growth of Paramount Global PARA PARAA after the media company announced a merger with Skydance.

Paramount Analyst On Risk-Reward After Skydance Merger: 'We Think Shares Are Worth A Shot At The Current Price'

S&P Global Ratings, the first to wave a red flag about Paramount's finances last fall, today called the planned merger with Skydance “positive” but said it will continue to monitor the transaction, citing concern over the long lead time amid the ongoing decline of linear television.

S&P Calls Skydance, Paramount Merger “Positive” But Worries About Long Lead Time As Linear TV Declines

The long–running saga of Paramount's sale is finally at an end, but the real work might just be beginning.

Now that Paramount has found a buyer, what's next?

Skydance Media and RedBird Capital Partners executives shed some light on what strategy they intend to use to approach Paramount Global's streaming business.

Paramount-Skydance merger: What strategies execs plan to use for streaming

David Ellison mastered flying planes in his teens. Now, Hollywood's newest mogul has to avoid a hard landing in merging his Skydance Media and Paramount Global PARA -5.33%decrease; red down pointing triangle.

New Hollywood Mogul David Ellison Tackles Daunting To-Do List After Paramount Deal

Skydance Media CEO David Ellison on Monday sketched out a vision for Paramount Global as a technology-media hybrid company at a time Hollywood has been competing for attention with tech giants moving into the entertainment business.

Skydance's David Ellison describes Paramount's tech-media hybrid future

Paramount Global stock fell 5% on Thursday as investors absorbed details of the company's merger agreement with Skydance Media. The companies are targeting a closing of the deal in the third quarter of 2025.

Paramount Stock Drops 5% On Skydance Merger News

David Ellison's Skydance Media finally struck a merger deal with Paramount Global on Sunday. Founded in 2006, Skydance has produced hits including "Top Gun: Maverick" and "True Grit.

Meet David Ellison, Larry Ellison's son who is about to take over at Paramount

Hollywood is set to experience one of the biggest shakeups in recent years after Paramount Global and Skydance Media signed an agreement to merge the two entertainment giants. Here's what you need to know.

Everything you need to know about the Paramount Skydance merger

Paramount and Skydance have struck a merger agreement. Hollywood's theater owners worry that continued consolidation in the industry will exacerbate production woes that have led to fewer film releases in recent years.

Hollywood theater owners are worried a Paramount-Skydance merger will usher in too much consolidation

Netflix

Media and tech's titans of industry will convene this week at the Sun Valley Lodge in Idaho for investment bank Allen & Co.'s annual conference. For many business leaders, streaming and potential alliances to help make the business profitable will likely take up a bulk of the conversation.

Media, tech titans head for Sun Valley with streaming alliances top of mind

Shell PLC

Ellison -- the son of tech tycoon Larry Ellison whose Hollywood production company is behind “Top Gun: Maverick” and “Mission: Impossible -Dead Reckoning” -- said Monday that he sees over $2 billion in cuts at Paramount, mostly in its linear media operations.

Skydance CEO David Ellison — and scandal-scarred media exec Jeff Shell — signal $2B in cost cuts for Paramount

The media and entertainment company's merger deal with Skydance Media shuts out holders of the company's nonvoting class B shares—who own most of Paramount's equity.

News for Paramount Global Stock (PARAA)