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 company Paramount Global PARA PARAA reported second-quarter financial results after the market close Thursday.

Paramount Global Q2 Earnings Highlights: Studio Posts Revenue Miss, DTC Segment Up 13%, Closing Date For Skydance Merger

Paramount Global's revenue dropped 11% in the second quarter, the company's biggest miss relative to analyst estimates since February 2020. Revenue fell as TV licensing fees dropped 48%, compounding declines in subscription fees and advertising sales.

Paramount Global revenue misses estimates as traditional pay TV continues decline

Paramount Global has taken massive hit to earnings, booking a nearly $6 billion write-down as part of its second-quarter earnings, a day after Warner Bros. Discovery reported an even bigger charge.

Paramount Takes $5.98B Write-Down At Cable Networks Ahead Of Skydance Deal In Latest Big Media Damage From Linear TV

The slow-motion collapse of the cable-television business is coming into clearer focus.

Paramount Writes Down Value of Cable-TV Business by $6 Billion and Cuts 2,000 Jobs

Paramount Global wrote down the value of its cable networks by nearly $6 billion Thursday, in another sign of how significantly the television market has deteriorated in the era of streaming video.

Paramount Global writes down value of cable networks by $6 billion

NEW YORK , Aug. 8, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the second quarter ended June 30, 2024. Please visit the Paramount Investors homepage to view the press release.

Paramount Global Reports Second Quarter Earnings Results

A momentous couple of weeks for Paramount Global are underway. Its second-quarter earnings are due out today; the “go-shop” period in the $8B Skydance deal closes August 21; and a new round of layoffs is expected next week.

Paramount Global Steels Itself For New Round Of Layoffs As Q2 Earnings Hit, End Of Skydance “Go-Shop” Period Nears

Paramount Global is a major conglomerate in the media and entertainment sector, trading at a 64% discount to its book value. The merger with Skydance Media offers potential synergies and management incentives, with a target share price of at least $25.00. Despite debt concerns and profitability uncertainties, PARA presents a compelling value play with promising prospects and increased profitability predicted for 2024 and 2025.

The Golden Age Of Paramount: Why The Entertainment Giant Is A Modern Value Play

Sony

Hiroki Totoki, Sony's chief financial officer, said the Japanese tech giant has no plans to submit a revised offer for Paramount. Totoki's comments mark a confirmation that Sony no longer plans to pursue Paramount, after independent film studio Skydance Media struck a deal to acquire the media giant.

Sony rules out renewing offer for Paramount, says it wouldn't fit strategy

Season One of DORA Makes Its Linear Debut on Monday, Sept. 16, on Nickelodeon    Dascha Polanco Joins Voice Cast as Season Two Guest Star   Produced by Nickelodeon Animation, Season One of DORA Available to Stream Now Exclusively on Paramount+   Watch the New Trailer HERE Watch a New "Swiper" Music Video HERE Download New Images HERE LOS ANGELES , Aug. 5, 2024 /PRNewswire/ -- Paramount+ today announced the second season of DORA, the original animated preschool series, will premiere on Friday, Sept.

SEASON TWO OF DORA, PARAMOUNT+'s ORIGINAL ANIMATED PRESCHOOL SERIES, PREMIERES FRIDAY, SEPT. 13

MLB Superstar Aaron Judge Makes Rubble & Crew Debut Monday, Aug. 26   Season One of Rubble & Crew Available to Stream on Paramount+ Beginning Wednesday, Sept. 4   Share it: @Nickelodeon @NickelodeonFamily @ParamountPlus #RubbleAndCrew   #PAWPatrol   Click  HERE  for crossover event assets.

NICKELODEON AND SPIN MASTER CELEBRATE DOG DAYS OF SUMMER WITH MONTH OF RUBBLE & CREW™ PREMIERES BEGINNING MONDAY, AUG. 5, WITH PAW PATROL™ CROSSOVER EVENT

Parties involved in evaluating offers for Paramount Global have raised questions about the legitimacy of Apex Capital Trust's bid for the company, one source familiar with the matter told Reuters.

Mystery bidder for Paramount Global raises questions

Paramount Global (NASDAQ:PARA) shares moved higher after investment firm Apex Capital Trust announced it had made an up to $43 billion competing bid for the entertainment company.    Paramount has a 45-day “go-shop” period after it struck a merger deal with Skydance Media during which it can receive other offers.

Paramount shares rise on Apex Capital Trust acquisition bid

Apex Capital Trust has submitted a competing offer to acquire Paramount Global in an all-cash deal for up to $43 billion, the investment firm said on Wednesday.

Apex Capital Trust submits bid to acquire Paramount Global for up to $43 bln

NEW YORK--(BUSINESS WIRE)--Apex Capital Trust Submits Competing Bid for The Purchase of Paramount with an all-cash offer of up to $43 Billion.

Apex Capital Trust Submits Competing Bid for The Purchase of Paramount

America's #1 refrigerated ranch dressing brand and leader in consumer-packaged goods introduces seven newly-formulated sauces and dips with unique flavors SANDPOINT, Idaho , July 31, 2024 /PRNewswire/ -- Litehouse announced the retail availability this summer of two new product lines, Litehouse Kids and Litehouse Loaded , reinforcing its commitment to quality and innovation.  Produced in partnership with Paramount Consumer Products and FoodStory Brands, Litehouse Kids will introduce two exciting themes for dips, leveraging their popular franchises including SpinMaster's PAW Patrol  and Teenage Mutant Ninja Turtles: Mutant Mayhem.

Litehouse to Launch Two New Lines of Bold "Loaded" Flavors and Kid-Friendly Dressings and Dips to Grocery Retailers This Summer

Kraft Heinz

Sirius XM Holdings Inc

This Berkshire/Buffett holdings-list from Kiplinger first-appeared 5/16/24 on the Berkshire SEC Form-13F. Kiplinger, YCharts, and Dogs-of-The-Dow all track this BRK batch. Here is your update from 7/28/24 YCharts data. 25 of 41 current Berkshire-owned stocks pay dividends. As of 7/28/24 the top-ten ranged 2.36%-4.8% by annual-yield and 35 of 41 ranged 1.60% to 52.71% by broker-estimated target-price-upsides. Analyst-estimated top-ten net-gains from Berkshire's July divi-dogs ranged 8.75%-21% from DEO, BAC, OXY, TMUS, C, PARA, V, MA, CVX, and KHC, per YCharts.

3 Buyable Berkshire DiviDogs From July And 6 More To Watch

Former Warner Music chairman Edgar Bronfman Jr. is still in talks with bankers about a potential bid for Paramount Global's parent, National Amusements, Axios reported on Tuesday, citing sources.

Edgar Bronfman Jr. still pursuing a deal for Paramount, Axios reports

Nexstar Media Group

Multi-Year Renewal Covers CBS Affiliated Television Stations in 42 Markets Owned by Nexstar and Mission Broadcasting, Inc. Paramount-owned Stations in Miami and Detroit To Become CW Network Affiliates on September 1 IRVING, Texas and NEW YORK , July 30, 2024 /PRNewswire/ -- Nexstar Media Group, Inc. (NASDAQ: NXST) (Nexstar) and Paramount Global (NASDAQ: PARA, PARAA) (Paramount) today announced that Nexstar and its operating partner, Mission Broadcasting, Inc. (Mission), have reached comprehensive multi-year agreements to renew CBS Television Network affiliations in 42 markets across the country, including 40 stations owned by Nexstar and two stations owned by Mission. Together, the 42 stations reach 15% of the U.S. audience, serving nearly 19 million television households.

PARAMOUNT GLOBAL AND NEXSTAR MEDIA RENEW AFFILIATION AGREEMENTS

IAC/InterActiveCorp

Billionaire Barry Diller signaled his digital-media conglomerate IAC was no longer in the race to buy Paramount Global , CNBC reported on Friday.

Barry Diller says Paramount pursuit 'might be over' for IAC, CNBC reports

A Paramount Global investor has sued to the block its merger with Skydance Media, saying the deal would cost its shareholders $1.65 billion, according to a lawsuit filed in Delaware's Chancery Court on Wednesday.

Paramount, Skydance merger faces court challenge by shareholder

AMC Entertainment

AMC Networks

Comcast

Disney

Twenty-First Century Fox

Warner Bros Discovery Inc

Media and entertainment shares are having a great day as are markets with the Dow, S&P and Russell 2000 all decisively on the upswing. Investors are baking in an interest rate cut this fall with some pushing for relief as early as the Federal Reserve's July 31 meeting.

Media Stocks Jump With Broader Market As Interest Rate Relief Seems Certain

NEW YORK , July 12, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will report second quarter financial results on Thursday, August 8, 2024. The company will conduct a conference call at 4:30 p.m.

Paramount Global to Report Second Quarter Financial Results on August 8, 2024

Cardinale knows the new Paramount run by a new generation of media mogul in David Ellison in an era of AI and technological change, could be the test-case for the industry's future.

How famed investor Mario Gabelli could derail Paramount's Skydance merger: ‘We want to see all the details'

Paramount  has laid out some terms of its planned merger with David Ellison's Skydance including what happens if another bidder appears. The deal includes a so-called “go shop” period during which other interest parties can submit offers. It runs for 45 days from the announcement of the deal, which was unveiled late Sunday night.

News for Paramount Global Stock (PARAA)