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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Media mogul Shari Redstone is in talks to sell controlling interest in Paramount parent National Amusements to media and entertainment company Skydance, Puck and the New York Times reported Sunday. Although Puck first floated the news a few weeks ago, a report from Deadline late Thursday, sent shares of Paramount Global up 13% on Friday.

Media heiress Shari Redstone in talks to sell Paramount parent to Skydance: reports

DocuSign

Here's our daily look at three charts linked to news-driven price moves on Friday, with key levels to monitor.

3 Charts For Investors to Watch Monday: Paramount, DocuSign, Boeing

Shari Redstone, the media mogul who controls National Amusements, is in talks to sell a controlling stake to independent film studio Skydance.

Paramount Stock Extends Gains. Sale Could Reshape Media Landscape.

Media tycoon Shari Redstone is in talks to sell controlling interesting in Paramount parent National Amusements to media and entertainment company Skydance, Puck and the New York Times reported Sunday.

Shari Redstone reportedly in talks to sell Paramount parent to Skydance

Puck News reported Skydance Media and RedBird Capital are mulling whether to acquire National Amusements, which owns a majority of Paramount's voting shares. The talks are still early-stage, and Paramount stock is now flat on the year.

Why Paramount Global Stock Popped Today

Paramount Global (PARA) was the best-performing stock in the S&P 500 as reports swirled that the entertainment giant might be sold.

Paramount Global Shares Soar on Reports of a Possible Sale of the Media Giant

Shares of mass media enterprise Paramount Global (NASDAQ: PARA ) popped sharply higher on Friday due to unconfirmed rumors that content production company Skydance Media may be considering acquiring its assets. Initially, PARA stock jumped 12% before adding to those gains in the early afternoon session.

Why Is Paramount Global (PARA) Stock Up 12% Today?

Shares of Paramount Global (NASDAQ: PARA) popped 15% today following reports that Skydance Media and RedBird Capital are interested in buying the mass media conglomerate. National Amusements has majority stake in Paramount Skydance and RedBird are considering going about it via National Amusements that currently owns about 77% of Paramount's Class A (voting) shares.

Paramount stock popped 15% on Friday: find out why

Paramount shares surged Friday following reports that RedBird and Skydance were exploring a potential takeover.

Paramount shares jump after reports of takeover interest

Crown Castle International

U.S. equities advanced at midday as reports on job creation, unemployment, and consumers' outlook suggested the economy could avoid a “hard landing.” The Dow, S&P 500, and Nasdaq all gained.

Midday Movers: Paramount Surges on Potential Buyout, Crown Castle Falls as CEO Exits

Paramount Global Inc.'s stock soared 13% Friday on a report that David Ellison, chief executive of diversified media company Skydance, and investment group RedBird Capital are eyeing taking control of the company.

Paramount's stock soars 13% on a report that David Ellison and RedBird are eying the company

Layoffs have hit the ad sales ranks in the CBS owned-and-operated TV station portfolio as a long-term restructuring effort takes effect. Tuesday's cuts come after new ad sales staffers were hired over the past three months.

CBS Stations Hit By Ad Sales Layoffs

WASHINGTON , Dec. 6, 2023 /PRNewswire/ -- Jack and Jill of America, Inc. is partnering with Nickelodeon to celebrate all children through Our World—a brand-new global initiative to inspire kids and provide them with tools to activate their individual and collective agency. Together with a coalition of partners, Jack and Jill of America, Inc. joins Nickelodeon in providing resources and best-practices for kid-driven philanthropic opportunities that allow this new generation to take action in their communities and beyond.

Jack and Jill of America, Incorporated Partners with Nickelodeon for Our World Global Initiative Celebrating Children

SUPER BOWL LVIII COMES TO SPONGEBOB SQUAREPANTS' BIKINI BOTTOM FOR HISTORIC SLIME-FILLED TELECAST CBS Sports' Nate Burleson and Play-by-Play Announcer Noah Eagle to be Joined  in the Booth by Iconic Animated Characters--SpongeBob SquarePants, Patrick Star, Sandy Cheeks and Larry the Lobster to Call Super Bowl LVIII Burleson, Eagle and Teenage Mutant Ninja Turtles to Announce Nickelodeon NFL Nickmas Game , Airing Monday, Dec. 25, at 1 P.M. (ET), Between the Las Vegas Raiders and Kansas City Chiefs Share it: @NFL @Nickelodeon @CBSSports Click HERE  for assets and HERE  to embed promo.

NICKELODEON AND CBS SPORTS SET FOR DOUBLE DOSE OF SLIME WITH TELECASTS OF SUPER BOWL LVIII AND NICKMAS GAME ON NICKELODEON

Paramount+'s plan for growth in Asia-Pacific is taking shape. Replicating the global Formula 1 promotional deal the streamer struck with Formula 1 in the region will be a key tentpole of the strategy, according to Executive VP and International General Manager Marco Nobili.

Paramount+'s Marco Nobili: Non-Traditional Pacts Like Formula 1 Deal Key To Driving Business In Asia Pacific — ATF

Apple

PARA acquisition chatter is heating up after the company announced modifications to its executive severance pay, as well as talks to bundle streaming with AAPL. I believe Paramount is worth multiples of its current valuation in an acquisition scenario, using sum of parts analysis. PARA's propensity to bundle services with other companies could be a catalyst for competitive bidding of the company, if an acquirer is perceived to be hostile to PARA's business partners.

Paramount: Is Apple Ready To Buy This Streaming Kingmaker?

Paramount+ and Apple TV+ are in talks to create a bundle of the streaming services, to help retain customers at a bargain price. But don't call it the return of cable TV.

Apple, Paramount In Streaming Bundle Talks As Ghost Of Cable Revives

The entertainment purveyor is apparently considering a streaming partnership with a tech giant. It reportedly aims to bundle its Paramount+ service in a new offering.

Why Paramount Global Stock Soared 9% Higher on Friday

Shares of Paramount Global (PARA) jumped over 9% Friday and Apple (AAPL) shares rose 0.7% following a report the two are in talks to bundle their streaming services.

Paramount and Apple Shares Rise After Report of Talks to Bundle Streaming Services

Two streaming giants, Apple and Paramount Global, have reportedly looked at pairing their separate platforms up in a bundle for streaming viewers.

Apple, Paramount reportedly eye streaming deal

Warner Bros. Discovery and Paramount Global shares jumped Friday.

Media stocks jump after report says Apple, Paramount are discussing streaming bundle

Apple and Paramount are reportedly in talks to bundle their streaming services at a discounted price. The move is aimed at making their offerings more affordable and appealing to consumers, as both companies face increasing competition and customer defections in the streaming industry, The Wall Street Journal (WSJ) reported Friday (Dec. 1), citing unnamed sources.

Report: Apple and Paramount Latest Streaming Services to Consider Bundling

Pfizer

Tesla

Ulta Beauty

U.S. equities began the new month higher after Fed Chair Jerome Powell said the central bank's tight monetary policy has been effective in battling inflation, although there's more work to be done. The Dow was adding to its 2023 record set yesterday, while the S&P 500 and Nasdaq were up slightly.

Midday Movers: Ulta Beauty and Paramount Global Rise, Pfizer and Tesla Fall

Apple and Paramount are reportedly in talks to bundle their streaming services at a discount — a possible bid to shore up subscribers amid brutal competition with rivals including Netflix and Disney+.

Apple and Paramount in talks to combine streaming services amid fierce competition

Paramount Global shares rose Friday morning after a report highlighted the prospect of a bundled streaming offering with Apple Inc.'s Apple TV+ service.

News for Paramount Global Stock (PARAA)