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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Some kind of merger involving Paramount seems a done deal, but the devil will be in the details. There are several potential outcomes which would not result in an immediate pay-off for Paramount shareholders. In this article, I will examine the most likely scenarios and the potential pitfalls to look out for.

Paramount: A Story Of Sharks And Tunas

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Paramount Global CEO Bob Bakish on Thursday said the media company would undergo layoffs as it strives to become a leaner company that spends less.

Paramount CEO Bakish focuses company on big franchises, says layoffs coming

Paramount Global CEO Bob Bakish addressed reports that the company would undergo layoffs, writing "we will continue to reduce our workforce globally."

Paramount CEO Bob Bakish warns global layoffs are coming as takeover talks swirl

Paramount Global CEO Bob Bakish said today the company will continue to reduce its global workforce “to operate as a leaner company and spend less.” But there were no further details in a memo to staff obtained by Deadline following a “Bob Live” town hall today.

Layoffs Coming At Paramount Global But No Details In Bob Bakish Memo On 2024 Strategy; CEO Acknowledges M&A Speculation

Paramount CEO Bob Bakish announced layoffs at the media company. He did not disclose how many jobs the company would cut. The job reductions come amid layoffs at a range of media companies, and a CNBC report that David Ellison's Skydance Media is interested in taking Paramount private.

Paramount CEO announces layoffs as cost pressures, take-private talks build

Skydance, the film and TV studio run by Ellison, son of Oracle founder Larry Ellison, has exchanged preliminary information with Paramount, according to CNBC.

David Ellison's SkyDance Media wants to buy Paramount, take it private: report

Paramount Global (NASDAQ: PARA ) stock is in the news on Thursday following reports that David Ellison's Skydance Media is looking to take the media company private. According to these reports, Skydance Media is in discussions with private equity firms RedBird Capital Partners and KKR & Co. This comes at a time when RedBird Capital Partners is allegedly interested in getting out of media due to the shift from traditional TV to streaming services.

PARA Stock Alert: Is David Ellison About to Take Paramount Global Private?

Paramount Global shares rose 3% in premarket trade, as CNBC reported that David Ellison's Skydance Media is interested in leading a deal to buy the media company. The report said Skydance is working with RedBird Capital Partners and KKR on a deal that would include buying Shari Redstone's National Amusements, which holds 77% of Paramount's voting stock.

Paramount Global stock rises on report Skydance may partner on buyout bid

David Ellison's Skydance is said to have made a preliminary offer to buy Shari Redstone's stake in National Amusements, the family holding company that controls Paramount Global, according to a Bloomberg report. Reps for Skydance, National Amusements and Paramount Global declined to comment.

Skydance Media CEO David Ellison Makes Offer For Control Of Paramount Global

Skydance has discussed acquiring National Amusements, the holding company of Paramount Global, but those talks are contingent on a larger deal, sources said.

David Ellison's Skydance Media explores acquiring all of Paramount Global, sources say

David Ellison, son of Oracle founder Larry Ellison, has held discussions with Paramount about merging it with Skydance Media.

Media heiress Shari Redstone receives preliminary offer for Paramount parent: report

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

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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.

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