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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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

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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

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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.

Buy 4 July Buffett Dividend Dogs And Watch 4 More

Paramount Global's Black Entertainment Television on Monday defeated a Manhattan federal court lawsuit that accused the network of stealing another company's work for its pandemic-era Instagram Live show "House Party."

BET defeats copyright lawsuit over 'House Party' Instagram Live show

NEW YORK — After a globe-trotting publicity blitz by star Tom Cruise, “Mission: Impossible — Dead Reckoning Part One” launched with a franchise-best $80 million over five days, though it came in shy of industry expectations with a $56.2 million haul over the three-day weekend, according to studio estimates.

‘Mission: Impossible' debuts with $80 million over 5 days, igniting box office but missing expectations

Paramount Global's parent company, National Amusements, is negotiating with creditors over its loans due to lower cash flows and financial risks. Despite a dividend cut and a weak Q2 expected in August, Paramount is expected to improve its earnings and free cash flow by 2024. I assessed that significant pessimism seems to have been priced in, as dip buyers returned confidently in late May, defending against the free fall.

Paramount: It's Finally Time To Buy The Massive Drop (Rating Upgrade)

National Amusements, the media and movie-theater company that controls Paramount Global PARA, -5.11% is trying to rework the terms of some of its debt following the disclosure of steeper financial difficulties, the Wall Street Journal reported on Friday. The Journal, citing people familiar with the matter, said the disclosure in National Amusements' annual report pertained to a subsidiary of that owns movie theaters, adding that the report said “lower cash flows had created some uncertainty about National Amusements' ability to continue as a going concern.

Paramount parent in discussions to renegotiate some debt: WSJ

Analysts at UBS have lowered their price target for Paramount Global stock ahead of the company's second quarter earnings on August 7. The Street expects the media and entertainment giant to report earnings per share (EPS) of $0.07 on revenue of $7.48 billion, down from EPS of $0.64 on revenue of $7.78 billion in the year-ago quarter.

Paramount Global expected to report declines in revenue and earnings for 2Q

FoodStory Brands and Paramount Consumer Products Have Transformed TV's #1 Series Yellowstone  Into a Line of Thoughtfully Crafted Western Cuisine PHOENIX , July 12, 2023 /PRNewswire/ -- FoodStory Brands and Paramount Consumer Products today announced a new Yellowstone line of elevated Western cuisine, which brings the hit television series to life in American kitchens. The line embodies the rustic, authentic experience of the Yellowstone universe and includes premium coffee, seasonings and rubs, meat snacks, and Angus beef chili.

FoodStory Brands and Paramount Consumer Products Bring Paramount Network's Hit Series, Yellowstone, to Supermarkets

PARA has continued to struggle after announcing poor Q1 results that also came with the announcement of a dividend cut. The dividend cut should help their balance sheet, and it wasn't too surprising since they were running negative FCF anyway. Management expects to be FCF-positive next year, and their DTC business continues to grow sales rapidly with strong subscriber growth for Paramount+.

Paramount Global: Upside Potential On Turnaround To Earnings Growth

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Shares of Paramount Global and Warner Bros. Discovery Inc. took a hit Friday after they were downgraded at Wolfe Research because of increasing concerns that advertising spending would fall.

Shares of Paramount, Warner Bros. fall after downgrades, on concerns over falling ad spending

Paramount Global (NASDAQ:PARA) stock is down 1.4% to trade at $16.24 this morning, following a bear note from Wolfe Research.

Analyst: Paramount at Risk of Advertising Downturn

The companies face a drop later this year in upfront deals, where advertising customers buy commercial spots that air at later dates, analysts wrote.

Paramount and Warner Bros. Get Downgrades.

NEW YORK , July 7, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will report second quarter financial results on Monday, August 7, 2023. The company will conduct a conference call at 4:30 p.m.

Paramount Global to Report Second Quarter Financial Results on August 7, 2023

Paramount Global has re-upped CFO Naveen Chopra through 2026. In an SEC filing Friday, the company said it had reached a three-year contract extension with the former Amazon and Pandora executive. The pact started June 21 and runs through June 20, 2026, the filing said.

Paramount Extends Contract Of CFO Naveen Chopra Through 2026

News for Paramount Global Stock (PARAA)