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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Paramount Global missed first-quarter revenue estimates after adding fewer subscribers to its streaming service. Paramount+ added 4.1 million subscribers during the quarter, compared to 9.9 million in the preceding quarter, falling behind the competition from established players such as Netflix and Disney+.

Paramount misses 1Q revenue estimates as advertisers cut spending and streaming growth slows

Paramount Global shares plummet as company cuts dividend and earnings miss estimates.

Paramount Global shares fall 17% premarket after revenue, earnings miss estimates

The previously announced integration of Showtime into Paramount+ draws closer as the company reports its first-quarter fiscal earnings. Paramount+ with Showtime is set to launch in the third quarter.

Paramount+ grows to 60M subs as it prepares to integrate with Showtime

Paramount Global fell shy of Wall Street forecasts with ongoing losses in streaming exacerbated by soft advertising at its TV/Media group last quarter, and a dip in filmed entertainment. The stock is down 15% in early trading Revenue was flat (down 1%) at $7.26 billion in the first quarter from the year earlier, below.

Paramount Global Swings To Loss On Streaming, Soft Ad Market In Rough First Quarter; Stock Drops

Normally, Warren Buffett (Trades, Portfolio) praises the companies he buys. Even when it comes to becoming a shareholder rather than buying a company outright, the Oracle of Omaha likes to say that shareholders should approach their stake as business owners, with a focus on quality and the long-term outlook.

Warren Buffett Doesn't Like Paramount Global; Why Did He Buy the Stock?

Paramount Global ( PARA , Financial) has seen its stock perform very well year-to-date with shares up 28.26%, showing momentum in a year that the U.S. stock market as a whole has sown weakness as a result of several key factors, like fears of a recession, high inflation rate and rising interest rates. However, despite the recent outperformance, I believe the future for shareholders of this iconic media and entertainment company is lackluster.

Paramount Global: A Value Trap With Anemic Growth

The innovative reporting platform is designed to help increase representation by analyzing gender, race and ethnic diversity metrics across television productions NEW YORK and SAN FRANCISCO , April 26, 2023 /PRNewswire/ -- Today, Paramount Global and Salesforce, the global leader in CRM, announced the launch of Paramount's new diversity reporting platform, which will give the company a more holistic view of the makeup of its production workforce, including Paramount+ with SHOWTIME, BET, CBS, MTV, Nickelodeon, and others. "To produce the best content for a diverse global audience, it's imperative that the teams both in front of and behind the camera and those who are creating content, reflect our audiences.

Paramount Global Leverages Groundbreaking Use of the Salesforce Platform to Measure Diversity Across Productions

Paramount Global: Short Squeeze As Potential Catalyst.

Paramount Global: Short Squeeze As Potential Catalyst

Warner Bros Discovery Inc

A few months after Warner Bros. Discovery (WBD) sued Paramount over the streaming rights for “South Park,” Paramount is now striking back.

Paramount alleges Warner Bros. Discovery owes $52M for ‘South Park' streaming rights

Nexstar Media Group

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks Delivering High-Dividend Yields

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NICKELODEON TO AIR GABBY'S DOLLHOUSE, MARKING LINEAR DEBUT FOR HIT PRESCHOOL SERIES FROM DREAMWORKS ANIMATION, BEGINNING MONDAY, MAY 1, AT 8 P.M. (ET/PT) ON NICK JR.

Netflix

Paramount Global is focusing on big movies and its FAST service. Netflix has seen a dip in viewership numbers.

Better Buy: Paramount Global vs. Netflix Stock

Paramount's shares have slumped nearly 30% since the company's rebranding. A slowing advertising business and losses in its streaming segment are curbing growth.

Where Will Paramount Global Stock Be in 1 Year?

After decades of being the dominant player in linear cable networks, Viacom, now part of Paramount Global, has put two cable networks up for sale in what is increasingly viewed as a dying industry.

Paramount Global Puts Majority Stake In Noggin Streaming Service On The Block

The potential sale comes as the entertainment conglomerate looks to give priority to Paramount+ and Pluto TV streaming platforms.

Paramount Explores Sale of Majority Stake in Noggin Streaming Service

NEW YORK , April 4, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will report first quarter financial results on Thursday, May 4, 2023. The company will conduct a conference call at 8:30 a.m.

Paramount Global to Report First Quarter Financial Results on May 4, 2023

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NICKELODEON ANNOUNCES A REALLY HAUNTED LOUD HOUSE, BRAND-NEW FEATURE-LENGTH HALLOWEEN MOVIE, SET TO DEBUT THIS FALL

The streaming wars have only just begun, and investment spending for new content win subscribers may hit new highs in 2023. Buying or producing more and better content to show subscribers is a very expensive proposition, but these increasingly numerous streaming companies have to refresh content constantly or else risk a high churn-off of subscribers.

Paramount Global: On Track for Streaming Success

Paramount Global stock offers plenty of upside if the media company were to sell some or all of its business, according to analysts at Bank of America.  The firm upgraded its rating for the stock to ‘Buy' from ‘Neutral' and raised its price target to $32 from $24.

Paramount could unlock value by selling off parts of its business, BofA analyst says

BofA dished out a major bullish upgrade on Paramount Global on Tuesday. Its analyst suggests a sale of Paramount or its assets would fetch a far higher price than the company's current valuation implies.

Why Paramount Stock Is Rallying Despite the Marketwide Headwind Today

Media is a cyclical business, relying heavily on strong consumers for discretionary spending and a strong economy for ad spending. Despite short term headwinds, the company has skillfully managed its capital demonstrated by simultaneously paying down debt and investing in growth.

Paramount: From Headwinds To Tailwinds

Paramount (NASDAQ: PARA ) stock is on the move Tuesday after the entertainment company got an upgrade from Bank of America. Analyst Jessica Reif Ehrlich is behind today's upgrade, which bumps shares of PARA stock up from a “neutral” rating to a “buy” rating.

Paramount (PARA) Stock Pops on Analyst Upgrade

Paramount Global (NASDAQ:PARA) stock is 6% higher in premarket trading, following an upgrade from Bank of America.

Analyst: Paramount's Strong Assets Boost Value

Paramount Global has named Kristin Southey EVP, Investor Relations, effective immediately. She succeedes Anthony DiClemente, who will remain with the media company through mid-April to ensure a smooth transition. Southey reports to Chief Financial Officer Naveen Chopra.

Paramount Global Taps Former Activision Blizzard, Snap IR Chief Kristin Southey To Head Investor Relations

NEW YORK , March 27, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced the appointment of Kristin Southey as Executive Vice President, Investor Relations, effective immediately. Reporting to Chief Financial Officer Naveen Chopra, she succeeds Anthony DiClemente who will remain with the Company through mid-April to ensure a smooth transition.

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