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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Hedge fund Barington Capital on Friday urged Paramount Global to scrap its exclusive merger talks with Skydance Media, arguing all shareholders would benefit if the company looked at other potential bidders.

Hedge fund Barington urges Paramount to scrap talks with Skydance

Some Paramount Global investors are speaking out about a possible merger with Skydance Media, calling on the U.S. media conglomerate to look at other options and to treat shareholders equitably if this deal should be inked.

Paramount shareholders grow increasingly vocal about possible Skydance Media merger

Paramount Global on Thursday said it plans to trim the size of its 11-member board of directors to seven, as it continues exclusive merger talks with Skydance Media.

Paramount plans to trim size of its board amid merger talks

A deal would combine Paramount with Skydance, which is behind films such as "Top Gun: Maverick" and "Mission: Impossible - Dead Reckoning Part One."

Paramount to shrink board size to 7 as Skydance deal talks escalate

Paramount Global disclosed on Thursday that it plans to reduce its board to seven directors from 11 currently amid reports that the entertainment giant controlled by Shari Redstone was discussing a merger with Skydance Media.

Paramount plans to shrink board to seven directors amid Skydance deal talks

Four directors of Paramount Global are not standing for re-election, an SEC filing has confirmed, paring the board down to seven directors. Shareholders will vote on directors and other matters at the annual meeting which Paramount has set for June 4.

Handful Of Paramount Directors Leaving Amid Skydance Talks; CEO Bob Bakish Compensation Topped $31 Million In 2023

The temperature is rising as Paramount Global's common shareholders continue to publicly and privately bash a possible acquisition by David Ellison's Skydance Media with terms they insist would mainly benefit Shari Redstone.

As Paramount Shareholders Slam A Skydance Deal, Four Directors Said To Be Exiting Board: Could Threat Of Legal Action Derail Talks?

Paramount Global (PARAA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Paramount Global (PARAA) Upgraded to Strong Buy: Here's Why

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PARAA, VLVLY and SHIP made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 11, 2024.

Best Value Stocks to Buy for April 11th

With social apps leading the charge in shoppable content, more traditional entertainment companies such as Paramount are seeking new solutions to hold their own amid the rise of commerce-integrated media.

Paramount Integrates Commerce as Media Giants Compete With TikTok Shop

Shares of Paramount Global briefly plummeted more than 7% in intraday trading Wednesday, hitting a 14-year low before recovering to close down 4.3%, as four company board members reportedly prepare to depart amid merger talks with Skydance Media, a potential partnership pairing the legacy media company with billionaire Larry Ellison's son.

Paramount Global Shares Hit 14-Year Low—Then Rebound—As Board Members Reportedly Depart Amid Merger

The directors' expected departures come at a sensitive time for Paramount Global.

Four Paramount Directors to Step Down as Company Discusses Skydance Merger

Three of Paramount Global Inc.'s directors are expected to step down from the media conglomerate's board in the coming weeks as it continues talks over a potential merger, the Wall Street Journal reported Wednesday, citing people familiar with the situation.

Three directors to leave Paramount board as company holds merger talks: report

A merger could result in Ellison combining Paramount with his independent media house that is behind films such as "Top Gun: Maverick" and "Mission: Impossible - Dead Reckoning Part One."

Three Paramount board members to step down amid talks to merge with Skydance: report

Three members on the board of Paramount Global are expected to exit the entertainment giant amid merger talks with Skydance Media, the Wall Street Journal reported on Wednesday.

Three Paramount board members to step down amid talks to merge with Skydance, WSJ reports

Producer David Ellison trying to take control of Paramount, the troubled media company. Ellison's father, Oracle founder Larry Ellison, is expected to help finance the proposed deal.

Will David Ellison's dad help him save Paramount?

NEW YORK , April 9, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will report first quarter financial results on Monday, April 29, 2024. The company will conduct a conference call at 4:30 p.m.

Paramount Global to Report First Quarter Financial Results on April 29, 2024

An effective sale of Paramount Global (NASDAQ:PARA) to Skydance may take time to benefit shares in the Nickelodeon and Comedy Central owner, Bank of America analysts have warned. David Ellison's Skydance is said to have agreed to purchase Shari Redstone's National Amusements, which holds a 77% stake in Paramount, for US$2 billion, according to Bloomberg.

Paramount merger with Skydance unlikely to benefit shares - analysts

The ownership structure shades deal talks, leaving regular shareholders with few options aside from voting with their feet.

Paramount Faces a Mountain of Distrust

Paramount Global's beleaguered stock faltered Monday as investors fretted over the ongoing talks between controlling shareholder National Amusements Inc. and Skydance Media. As the moon blocked out the sun across a swath of the U.S. in a total eclipse, the stock behaved accordingly, falling almost 8% on heavier-than-average trading volume to finish at $11.06.

Paramount Stock Falters As Investors Sweat Details Of Skydance-National Amusements Talks

Paramount Global (PARA) shares declined after investor Matrix Asset Advisors raised concerns about the bid by David Ellison's Skydance Media to take over the entertainment giant.

Paramount Global Stock Plunges As Shareholder Blasts Possible Deal with Skydance

A Paramount Global investor slammed Shari Redstone over her deal to sell the company to Skydance Media, claiming the heiress is attempting to enrich herself at the expense of regular shareholders.

Paramount investor rips Shari Redstone's deal to sell media giant to Skydance: ‘Detrimental to the company's value ‘

A deal between Paramount Global and Skydance Media could see the media conglomerate acquire the independent studio in an all-stock transaction valued at around $5 billion, the Wall Street Journal reported on Friday.

Paramount reportedly could acquire Skydance in $5 billion all-stock deal

Paramount Global , under the terms of a deal being discussed, would give controlling shareholder Shari Redstone over $2 billion in cash in the first step of the transaction, the Wall Street Journal reported on Friday, citing people familiar with the situation said.

Paramount-Skydance deal would give Shari Redstone over $2 billion in cash, WSJ reports

The potential endgame for Paramount is gaining shape, although some key issues remain unknown. We have recently learnt about a (so far rejected) $26B acquisition proposal by Apollo Global Management. We also know that David Ellison's Skydance wants to merge with Paramount and that the company is currently negotiating with him on an exclusive basis.

News for Paramount Global Stock (PARAA)