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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Leaders of the "Divine Nine" plus Nine additional emerging young leaders powerfully share their collective voices NEW YORK , Sept. 19, 2024  /PRNewswire/ -- BET and The National Pan-Hellenic Council, Inc. (NPHC) are proud to announce the launch of the new BET 'We VOTE' Public Service Announcements (PSA) featuring all nine Black fraternities and sororities.

BET AND THE NATIONAL PAN-HELLENIC COUNCIL JOIN FORCES TO MOBILIZE BLACK VOTERS FOR THE 2024 ELECTION

5th Annual National Black Voter Day Will Mobilize Black Voters Nationwide to Drive Unprecedented Turnout in the 2024 Election NEW YORK , Sept. 18, 2024 /PRNewswire/ -- BET Media Group (a unit of Paramount, NASDAQ: PARAA; PARA), the world's largest media company dedicated to empowering the Black community and championing Black culture, is proud to continue its commitment to mobilizing Black voters through comprehensive voter education initiatives, community engagement, and strategic partnerships, leading up to the 5th Annual National Black Voter Day on September 20, 2024.

Your Voice is Your Vote. BET Media Group, National Urban League, NAACP, and Other Partners Aim to Drive Awareness and Registration This National Black Voter Day on September 20th

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Sirius, Royal Caribbean Cruises, Norwegian Cruise Line, Paramount and Crocs are included in this Analyst Blog.

The Zacks Analyst Blog Sirius, Royal Caribbean Cruises, Norwegian Cruise Line, Paramount and Crocs

Five consumer discretionary stocks that are likely to gain big from possible rate cut in September are: SIRI, CROX, RCL, NCLH, PARAA.

Buy 5 Consumer Discretionary Stocks Ahead of Fed FOMC to Gain Big

Paramount Global (PARAA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Here's Why Paramount Global (PARAA) Is a Great 'Buy the Bottom' Stock Now

Larry Ellison, the billionaire co-founder of Oracle Corp (NYSE:ORCL, ETR:ORC), will control Paramount Global (NASDAQ:PARA) after a group led by his son David takes over the entertainment firm, a regulatory filing has revealed. David Ellison's Skydance Media is purchasing National Amusements, the company that controls Paramount, in a deal valued at about $8 billion.

Larry Ellison to control Paramount Global after Skydance merger, filings show

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Despite a weak start to this month, we offer five stocks as momentum picks for September. These are: AIZ, ALLY, APP, PARAA, STX.

5 Momentum Stocks to Buy for September Gains Despite Market Volatility

CBS parent Paramount Global will be controlled by software billionaire Larry Ellison after a group led by his son David completes its purchase of the Redstone family's interest in the film and TV company, Bloomberg News reported on Thursday, citing a regulatory filing.

Billionaire Larry Ellison to control Paramount after deal, Bloomberg News reports

Students, alumni and community members will have the chance to win special prizes for making their voices heard this election season WASHINGTON, Sept. 5, 2024 /PRNewswire/ -- Today, HBCU Buzz , BET , Live Nation Urban and When We All Vote , Michelle Obama's national, nonpartisan voting initiative, announced the Vote Loud: HBCU Voter Registration Challenge , calling on HBCU students and community members to use their voices at the ballot box this November.

HBCU Buzz, BET, Live Nation Urban and When We All Vote Launch Vote Loud: HBCU Voter Registration Challenge

Two consumer discretionary stocks set to benefit from a possible rate cut in September are: RCL, PARAA.

Grab These 2 Consumer Discretionary Stocks on September Rate Cut Hope

Despite market negativity on the Skydance deal, I consider Paramount to be an attractive investment with an asymmetrical risk/reward ratio. Class B shareholders can sell 48-100% of their shares at $15 each, offering a 42.6% return with minimal risk. Only the remaining 0-52% of the shares are at risk, with a high margin of safety at the current market price.

Paramount: Timely Investment Opportunity With An Attractive Risk/Reward Ratio

The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.

Edgar Bronfman Jr. drops bid for Paramount, clearing the way for Skydance's merger

Shares of Paramount Global are softer today after Edgar Bronfman Jr. exited the Paramount fray last night and shareholders hoping for a bidding war with Skydance were disappointed. “It was a long shot to begin with,” said one investor of Bronfman's offer.

Paramount Stock Has Down Day As Edgar Bronfman's Exit Dashes Hopes Of Bidding War With Skydance

Edgar Bronfman Jr. walked away from his 11th hour bid for Paramount as the clock ran out on the process, people familiar with the matter said. Bronfman had planned to boost his bid to about $6 billion, but the amount raised as of Monday was closer to $5 billion after some potential investors dropped out, the people said.

Edgar Bronfman Jr. dropped Paramount bid after running out of time to secure financing

Paramount Global's stock PARA slid 5% Tuesday after American businessman Edgar Bronfman Jr. scrapped his bid for the company's parent, National Amusements, but bondholders seemed to like the news.

Paramount's stock slides after Edgar Bronfman Jr. pulls bid, but bondholders seem to like the news

From a Roblox Scavenger Hunt Including Nickelodeon's SpongeBob SquarePants and Teenage Mutant Ninja Turtles Games to Real World Volunteerism, Kids Relief Empowers Kids to Become Next Gen Changemakers Imagine Dragons, Conan Gray, Poppy, d4vd, and Alexander Stewart to Perform in First of Its Kind Star-Studded Roblox Music Festival to Celebrate a Month of Action and Community Service NEW YORK, Aug. 27, 2024 /PRNewswire/ -- Comic Relief US and Nickelodeon are teaming up for the first time to launch the 2nd annual Kids Relief campaign: "Game to Change the World," an interactive virtual–to–real-world movement that reaches kids where they are and empowers them to become a force for good in their communities. The campaign kicks off today, inviting kids nationwide to embark on virtual quests on Roblox and real-life missions that inspire community engagement and service from Aug. 27 to Sept.

Comic Relief US and Nickelodeon Power Up the Next Generation With 2nd Annual Kids Relief Campaign

Edgar Bronfman Jr's decision to pull out during a "go-shop" period sets the stage for David Ellison's Skydance Media to buy Paramount Global.

Paramount Stock Falls After Bronfman Withdraws Bid. Why It's Bad News for Shareholders.

The dizzying bidding war for Paramount Global (NASDAQ:PARA) has taken yet another turn with media industry stalwart Edgar Bronfman Jr. withdrawing from the race to acquire the multinational entertainment empire.

Bronfman exits Paramount bidding war, leaving Skydance with clear takeover path

Ex-Warner Music chief had formed consortium to gazump planned deal but some would-be investors withdrew

Path clears for Paramount merger with Skydance after Bronfman drops bid

A special committee of Paramount Global's board set up to steer its M&A process has declared an end to the “go-shop” period in its pending Skydance Media merger and says the transaction will close in the first half of 2025.

Paramount Board Special Committee Confirms Skydance Merger Will Close In First Half Of 2025, Says “Go-Shop” Period “Has “Concluded”

NEW YORK , Aug. 26, 2024 /PRNewswire/ -- The Special Committee of the Board of Directors (the "Special Committee") of Paramount Global (NASDAQ: PARA, PARAA) ("Paramount" or "the Company") today confirmed that it has been informed by Edgar Bronfman, Jr. that the acquisition proposal from his consortium of investors (the "Bronfman Consortium") has been withdrawn. Therefore, the "Go-Shop" period as defined in the Transaction Agreement with Skydance Media, LLC has concluded with respect to all parties.

PARAMOUNT GLOBAL'S SPECIAL COMMITTEE ANNOUNCES END OF "GO-SHOP" PROCESS

Edgar Bronfman Jr. exits his bid to own Paramount, clearing the path for Skydance Media sale. Bronfman, the ex-CEO of Warner Music Group, withdrew his bid just before the merger deadline.

Edgar Bronfman drops Paramount bid

The Paramount Global ball is back in Skydance's court as Edgar Bronfman has suddenly discontinued his $6 billion bid for the Shari Redstone-run media giant. “Tonight, our bidding group informed the special committee that we will be exiting the go-shop process.

Edgar Bronfman “Exiting” $6B Bid For Paramount, Clears Way For Skydance Merger

Edgar Bronfman Jr. has walked away from bidding for Shari Redstone's media empire, paving the way for the company to be sold to David Ellison's Skydance Media.

Edgar Bronfman Drops Bid for Paramount, Paving Way for Skydance Deal

Media veteran Edgar Bronfman on Monday said in a statement that his bidding group had pulled out of the race to take control of Paramount Global and exited the go-shop process.

News for Paramount Global Stock (PARAA)