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's stock rocketed in the final half-hour of trading Wednesday following a Bloomberg report that Skydance Media—founded by billionaire Larry Ellison's son David—reached a tentative agreement to buy Shari Redstone's controlling stake in the company, after the struggling entertainment giant faced months of rumored acquisition talks.

Paramount Global Shares Spike Nearly 15% As Deal With Larry Ellison's Son Reportedly Nears

Paramount Global and David Ellison's Skydance Media have set an exclusive negotiating period for merger talks, Deadline has learned, a sign that things are moving forward after months of speculation. Paramount won't engage with other parties on a deal for 30 days.

Paramount, Skydance Set Exclusive Negotiating Window For Merger Talks

Members of Paramount Global's board agreed on Wednesday to enter into exclusive merger talks with Skydance Media, favoring the independent studio over a $26 billion offer from Apollo Global Management , a person familiar with the matter said.

Paramount to enter into exclusive merger talks with Skydance, source says

An agreement paves the way for an exit by controlling shareholder Shari Redstone.

Paramount, Skydance Enter Exclusive Talks to Merge

Skydance boss David Ellison, the son of Oracle billionaire Larry Ellison, met with Paramount's independent board to discuss his vision for a deal, The New York Times reported late Tuesday.

Paramount Global board discusses exclusive sale talks with Skydance: report

Paramount Global - Class A voting shares have experienced a strong price advance vs. Class B units, suggesting takeover odds are high. A takeover/merger or asset breakup of Paramount is possible, while operating results have been improving beyond analyst expectations. A large short-interest position in PARA should support price, given the continuation of improving business profitability or appearance of new takeover proposals.

Paramount Global Voting-Stock Premium Suggests A Takeover Is Near

Paramount Global (PARA) stock is rising premarket Wednesday after the New York Times reported the media giant is considering making its sale negotiations exclusive with Skydance Media.

Paramount Stock Rises on Report of Exclusive Sale Negotiations With Skydance

Paramount Global (NASDAQ:PARA) shares gained 1.5% in pre-market trading on reports talks with Skydance over a potential takeover are nearing exclusivity. As per the New York Times, discussions have been held over entering into exclusive talks over the deal which would see Skydance buy Comedy Central owner Paramount.

Paramount climbs as Skydance takeover talks near exclusivity - reports

Shares of Paramount Global rose in after-hours trading Tuesday following a report that the media giant may soon be one step closer to selling.

Paramount shares rise on report it's considering exclusive sale talks with Skydance

Ratings agency S&P lowered Paramount Global's credit rating to 'BB+' from 'BBB-' on Wednesday as stiff competition in the streaming landscape pressures the media giant's free operating cash flow (FOCF) generation.

S&P cuts Paramount Global's credit rating to 'BB+' on streaming challenges

The ratings company cut Paramount Global to BB-plus from BBB-minus, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.

S&P Global Cuts Paramount Credit Rating Into Junk Territory

Paramount Global's credit rating has been lowered to junk status by S&P Global, which cited the toll of ongoing pay-TV declines as a key factor in its downgrade. The credit ratings agency lowered Paramount's rating to BB+ from BBB-.

Paramount Global Credit Rating Cut To Junk Status By S&P Due To “Downside Ratings Pressure” In Its TV Business

New York Yankees Captain and Dog Dad Will Guest Star as Himself in Spin Master's Hit Animated Series – Episode Premiering on Nickelodeon this Summer TORONTO, March 26, 2024 /PRNewswire/ - Baseball enthusiasts and pup fans alike are in for a treat with the announcement that former American League MVP and Captain of the New York Yankees, Aaron Judge, will appear in an upcoming episode of the popular preschool series Rubble & Crew, produced by Spin Master Entertainment. Much to the delight of preschoolers and families, the MLB superstar and dog dad will voice himself in the animated series, donning his signature New York Yankees uniform.

PAW Patrol® Spin-off Rubble & Crew™ Drafts MLB Superstar Aaron Judge for Upcoming Episode

Additional Season Two Guest Stars Revealed, Including Lance Bass, Jordan Chiles, Auliʻi Cravalho, Rob Gronkowski, Tony Hawk, The Miz, Amy Sedaris, Danny Trejo and More Share it: @Nickelodeon @NickelodeonFamily #TheTinyChefShow    Click HERE  for the trailer and HERE  for art.    BURBANK, Calif.

NICKELODEON SERVES UP BRAND-NEW EPISODES OF THE TINY CHEF SHOW BEGINNING MONDAY, APRIL 8

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Paramount Global (PARAA) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Paramount Global (PARAA) Is Still a Bargain Stock

Paramount Global stock (NASDAQ NDAQ : PARA) rallied by close to 12% in Wednesday's trading following a report that private equity firm Apollo Global Management APO extended a $11 billion offer to purchase Paramount PARA Global's studio operations. The news comes at a time when the company is evaluating another offer from Skydance Media to merge with all of Paramount and could potentially set off a bidding war for the storied Hollywood studio.

With Its Studio Business Much Sought After, What's Next For Paramount?

Apollo Global Management

Paramount Global (PARA) shares lost ground Thursday as controlling shareholder Shari Redstone reportedly isn't interested in an $11 billion offer to buy the company's studio segment.

Redstone Reportedly 'Unconvinced' by Apollo's $11 Billion Bid For Paramount's Studio

After posting its best day on Wall Street in four months Wednesday, shares of Paramount Global fell Thursday after a report indicated the media conglomerate's controlling shareholder might not be interested in a reported $11 billion deal for the company's major film studio.

Paramount Stock Tumbles As $11 Billion Studio Deal Falls Into Doubt, Report Says

Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold water on the scenario.

Paramount Stock Rides Roller Coaster Back Down After Report That Shari Redstone Is “Unconvinced” By Apollo Offer For Studio

Here is how Paramount Global (PARAA) and K12 (LRN) have performed compared to their sector so far this year.

Is Paramount Global (PARAA) Stock Outpacing Its Consumer Discretionary Peers This Year?

Paramount Global (NASDAQ: PARA ) stock is a hot topic among traders on Thursday following reports that it could go private in a massive deal. According to these reports, Paramount Global has received an $11 billion bid from private equity firm Apollo Global Management.

PARA Stock Alert: Watch This $11 Billion Catalyst for Paramount Shares

Paramount Global (NASDAQ:PARA) saw its shares soar close to 12% after it was revealed Apollo, the private equity firm, was close to tabling a bid. Apollo is believed to have made an offer worth US$11 billion for Paramount's film and television studio, significantly higher than the market capitalisation of the entire company, which is around US$7.7 billion.

Paramount Global soars on private equity bid

Paramount Global (PARA) stock jumped Thursday after it was reported that private equity giant Apollo Management had offered $11 billion for its Hollywood studio.

Paramount Stock Jumps After Apollo Reportedly Offers $11 Billion For Studio Segment

Apollo's reported $11 billion offer is more than the entire market capitalization of Paramount Global, which is currently around $7.7 billion.

Private equity giant Apollo offers $11B for Paramount Pictures studio: report

Apollo Global Management has made an $11 billion offer to purchase Paramount Global's studios, according to the Wall Street Journal, while the entertainment company reportedly weighs another offer from Skydance Media and RedBird Capital Partners.

News for Paramount Global Stock (PARAA)