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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Lucid Group

Palantir Technologies

Paramount Global (NASDAQ:PARA) shares added 1.7% after the bell Monday thanks to second-quarter new subscriber numbers and a narrowing direct-to-consumer loss, The company posted revenue of $7.6 billion, down from $7.78 billion a year earlier but topping expectations of $7.43 billion. Its loss came out to $0.59 per share, compared to a gain of $0.64 per share in the year-ago period and well below expectations of a $0.01 loss.

The Afterhours: Paramount, Palantir, Lucid all impress

Second quarter earnings show Paramount+ adds another 1 million subscribers and narrower streaming losses. But tough comparisons to lost year yield box offices declines.

Ups And Downs At Paramount: Streaming Grows, Box Office Lows

Paramount has agreed to sell Simon & Schuster to private equity firm KKR for $1.6 billion in cash, after more than three years of trying to offload the book publishing powerhouse.

After trying for three years, Paramount finally unloads Simon & Schuster for $1.6 billion

Paramount Global has sold the publisher after a federal judge blocked rival Penguin Random House from buying it

Simon & Schuster sold to private equity firm KKR for $1.62bn

Bob Bakish, CEO of Paramount Global, has found himself on his second earnings call discuss a strike in Hollywood. “I'd like to take a moment to address the issue that is top of mind for all of us. The ongoing writers and actor strikes.

Paramount CEO Bob Bakish Says “We Remain Hopeful For A Timely Resolution” To Writers & Actors Strikes

Paramount Global has agreed to sell Simon & Schuster to private equity giant KKR for $1.62 billion, the company said as it reported quarterly earnings.

Paramount to sell Simon & Schuster to KKR for $1.62 billion

Paramount's previous $2.2 billion deal to sell Simon & Schuster was struck down in 2022 following a lawsuit by the Department of Justice.

Paramount Selling Simon & Schuster To KKR For $1.62 Billion

Paramount Global shares were popping in Monday's after-hours action after the media giant topped expectations with its latest quarterly financials.

Paramount's stock roars higher after earnings beat and planned sale of Simon & Schuster

The sale of the book publisher to the buyout firm comes less than a year after previous deal with Penguin Random House was blocked.

Paramount to Sell Simon & Schuster to KKR for $1.62 Billion

Paramount Global posted mixed second-quarter results after the bell Monday, but investors saw enough in terms of new subscribers to send shares higher.  The company posted revenue of $7.6 billion, down from  $7.78 billion a year earlier but topping expectations of $7.43 billion.

Paramount shares pop on 2Q new subscribers, narrower direct-to-consumer revenue revenue loss

Paramount Global had a rocky June quarter in film as Transformers: Rise Of The Beasts, not surprising, found it tough going against last year's Top Gun: Maverick. The second quarter also had the costs of Mission Impossible – Dead Reckoning Part One, which was released in the current third quarter.

Paramount Global Sees Tough Q2 In Film (‘Transformers' Vs ‘Top Gun'), Muted DTC Growth But Otherwise Bests Forecasts; Streaming Losses Narrow, Stock Pops

Paramount Global beat estimates for quarterly revenue on Monday and said it was selling Simon & Schuster to KKR & Co for $1.62 billion in an all-cash deal.

Paramount beats revenue estimates; to sell Simon & Schuster to KKR for $1.62 bln

NEW YORK--(BUSINESS WIRE)--Paramount Global (NASDAQ: PARA, PARAA) and KKR today announced the signing of a definitive agreement pursuant to which KKR will acquire Simon & Schuster for $1.62 billion in an all-cash transaction. "We are pleased to have reached an agreement on a transaction that delivers excellent value to Paramount shareholders while also positioning Simon & Schuster for its next phase of growth with KKR,” said Bob Bakish, President and CEO of Paramount Global. “The procee.

KKR to Acquire Simon & Schuster from Paramount Global for $1.62 Billion

Paramount Global is close to announcing a sale of its publisher Simon & Schuster to private investment giant KKR, according to a person familiar with the situation. Timing is always fluid but a deal could be announced as early as today. Paramount will report second-quarter earnings this afternoon.

Paramount Global Near Deal To Sell Simon & Schuster To KKR

Paramount Global  (NASDAQ:PARA) will step into the confessional after today's close to report second-quarter results.

Can Paramount Stock Break Downbeat Post-Earnings Pattern?

Paramount Global is expected to report declines in revenue and earnings for the second quarter while seeing continued subscriber growth for its content streaming platforms Paramount+ and Pluto TV when it hands down its latest results on Monday, August 7.  The Street expects the media and entertainment giant to report earnings per share (EPS) of $0.01 on revenue of $7.43 billion, per Zacks Consensus Estimate.

Paramount Global profit and sales estimates lowered ahead of 2Q earnings

After U.S. markets closed on Thursday, Apple beat consensus estimates for both earnings per share (EPS) and revenue, but revenue dipped by 1.4% year over year, the third consecutive quarter to see an annual dip in sales.

Earnings Previews: Lucid, Palantir, Paramount Global

KKR & Co Inc is in advanced talks to acquire book publisher Simon & Schuster from Paramount Global for $1.65 billion, according to the Wall Street Journal.

KKR in 'advanced talks' to buy Paramount's Simon & Schuster in $1.65 Billion deal: Report

Paramount Global is cheap overall, but most of the value is unlikely to be realized through any kind of spin-offs or asset sales. The company is still surviving off of its legacy media businesses, which are slowly declining. It's effectively making a bet on Paramount+. Paramount+ has shown growth in subscribers, but the streaming operation is currently burning cash and needs to prove itself in the competitive streaming market.

Paramount Global: Betting The Farm On Streaming

Disney

TEGNA

GAMCO Investors Chairman and CEO Mario Gabelli sees significant upside in several media stocks over the next couple of years.

Mario Gabelli Sees Significant Opportunity In Disney, Paramount And This Overlooked Media Stock: 'You're Going To Make 50%' - Tegna (NYSE:TGNA)

NORTHAMPTON, MA / ACCESSWIRE / August 1, 2023 / Paramount This Paramount Community Day 2023 marks the 10th anniversary of the partnership between Paramount and Second Chance Toys. Second Chance Toys (SCT) is a 501(c)(3) nonprofit organization established in 2006 working to protect the world's two greatest assets: our children and the environment.

Paramount Social Responsibility – Community Partner Spotlight: Second Chance Toys

NORTHAMPTON, MA / ACCESSWIRE / July 27, 2023 / Paramount On Wednesday, June 14th, 2023, The Paramount Veterans Network participated in Paramount's Global Community Day. For 27 consecutive years, Paramount Community Day has made a difference in local communities.

Paramount Community Day Includes Thanking Veterans for Their Service

PAW Patrol Greenlit for 11th Season, Rubble & Crew Renewed for Season Two Anniversary Celebration Continues with First-Ever Crossover Event Premiering  Monday, July 31, on Nickelodeon Share it: @NickJr @Nickelodeon @PAWPatrol #RubbleAndCrew Click  HERE  for crossover event assets and HERE to embed crossover event promo. BURBANK, Calif.

NICKELODEON AND SPIN MASTER ENTERTAINMENT RENEW PRESCHOOL POWERHOUSE PAW PATROL® AND HIT SPINOFF RUBBLE & CREW® FOR NEW SEASONS IN 10th ANNIVERSARY YEAR OF GLOBAL FRANCHISE

Paramount Global owns countless businesses and brands, which could be worth far more than the market is currently valuing the firm. The company is already in the process of selling assets such as BET, Simon and Schuster, and its CBS Studio in New York City. If the firm achieves streaming profitability as executives claim it soon will, the market will almost certainly have to re-evaluate the recent bearish trend.

Paramount: Trading Below The Sum Of Its Parts

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This Warren Buffett holdings list from Kiplinger first appeared 5/20/23 online. YCharts and Dogs of The Dow both track this Buffett/Berkshire batch. Here is your update from 7/21/23 YCharts data. 32 of 48 current Berkshire-Hathaway-owned-stocks pay dividends. As of 7/21/23, the top ten ranged 2.95%-8.52% by annual-yield and 46 of 48 ranged -25.29% to 39.55% per broker-estimated target price upsides. Analyst-augured top-ten net-gains from Buffett's July dividend dogs ranged 10.64%-31.19% from MA, KO, V, BAC, ALLY, CVX, C, PARA, KHC, and top pick GM per YCharts data.

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