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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Roughly 50 years ago, Barry Diller was head of Paramount Pictures. A little more than 30 years ago, he tried to purchase the company, only to be outbid by media mogul Sumner Redstone.

Skydance-Paramount merger is reportedly back on after Barry Diller expresses interest

Investors snapped up shares and bonds issued by Paramount Global Inc. on Wednesday, after a report suggested the on-again, off-again courtship between Shari Redstone, Paramount and Skydance Media is back on, after the three sides reportedly have reached a preliminary merger deal.

Paramount stock and bonds snapped up on report deal with Skydance is back on

Shari Redstone walked away last month, but returned to the table with her National Amusements company

Paramount and Skydance squeak closer to merger deal

Overnight in the US, shares in media conglomerate Paramount Global (NASDAQ:PARA) lifted close to 8% after merger talks with Skydance Media resumed after the latter issued an improved offer.  Skydance, the independent studio created by David Ellison (son of Oracle's Larry Ellison), provided a rebuffed offer to attempt to secure the deal, months after Shari Redstone, who controls Paramount, ended the discussions abruptly, Financial Times reports revealed.

Paramount and Skydance renew merger talks with new bid

The media heiress reached a preliminary agreement to sell her controlling stake in Paramount Global to  Skydance Media – just weeks after she walked away from a deal between the two sides, according to multiple reports Tuesday.

Shari Redstone reaches preliminary deal to sell controlling stake in Paramount to Skydance Media for $1.75B

Skydance Media and Paramount Global are back in merger negotiations, according to multiple outlets, sending Paramount shares up more than 8% as the two companies re-enter the deal-making process following scuttled takeover talks last month.

Paramount Reaches Tentative Merger Deal With Skydance—Stock Spikes 8%

In a stunning reversal, David Ellison's Skydance Media and the Shari Redstone-controlled Paramount Global are back at the M&A altar. The companies have reached terms on a revised merger agreement for Redstone's National Amusements Inc.

Back In Business: Skydance And Shari Redstone Reach Terms On New Merger Proposal For Paramount

National Amusements, Paramount's controlling company, last month reportedly ended talks with Skydance.

Paramount and Skydance are back on with a preliminary merger deal, WSJ reports

Paramount shares pop 9% on news of preliminary Skydance Media deal

Skydance Media has reached a preliminary agreement to buy Shari Redstone's family company National Amusements and merge with Paramount Global PARA 5.72%increase; green up pointing triangle, rekindling deal talks that fizzled last month.

Skydance Reaches New Deal with Redstone's National Amusements

Scott Mills is teaming up with Chinh Chu, the head of CC Capital, in a bid for BET, according to Bloomberg News.

Paramount mulls $1.7B offer to sell BET to its CEO and NYC private equity firm: report

Paramount Global stock jumped 6% on the latest report it has resumed talking to potential buyers of select assets after pausing the divestments during ultimately fruitless merger talks with Skydance Media. A group of investors is holding exclusive talks with Paramount about a bid of $1.6 billion for BET Media Group, Bloomberg reported Tuesday.

Paramount Global Stock Jumps On Report Of Revived BET Sale Talks

Barry Diller's IAC is exploring a bid to take control of Paramount Global, CNBC's David Faber reported on Tuesday. The offer would be for Shari Redstone's National Amusements Inc., the controlling shareholder of Paramount.

Media mogul Barry Diller weighs a bid to gain control of Paramount

Shares of streaming platform Paramount Global (NASDAQ:PARA) are 2.6% higher to trade at $10.41 this morning, after several companies have expressed interest in a merger.

M&A Buzz Sends Paramount Global Stock Surging

Billionaire media mogul Barry Diller is in talks with Paramount's parent firm, National Amusements, for control of Paramount, according to The New York Times, marking the latest bid for Paramount after Skydance Media recently ended merger negotiations with the entertainment conglomerate.

Billionaire Barry Diller In Potential Takeover Talks With Paramount Following Skydance's Failed Bid, Report Says

IAC/InterActiveCorp

Billionaire Barry Diller's digital-media conglomerate IAC is exploring a bid to take control of Paramount Global , a person familiar with the matter told Reuters on Monday.

Barry Diller's IAC explores bid to take control of Paramount, source says

Paramount Global leaders are having discussions with a number of companies to explore merging Paramount+, its money-losing streaming service. Warner Bros.

Paramount is hunting for a streaming partner, could kick off a wave of deals

Ally Financial

Bank of America

Citigroup

Jefferies Financial Group Inc

Kraft Heinz

Coca-Cola

Kroger

Sirius XM Holdings Inc

This Berkshire/Buffett holdings list from Kiplinger first appeared on 5/16/24 on the Berkshire Hathaway SEC Form 13F. Kiplinger, YCharts, and Dogs-of-The-Dow all track this Berkshire batch. Here is your 6/28/24 YCharts update. 25 of 41 current Berkshire-owned-stocks pay dividends. As of 6/28/24, the top ten ranged from 2.41% to 4.97% by annual yield, and 38 of 41 ranged from 0.60% to 71.4% by broker-estimated target-price-upsides. Analyst-estimated top-ten net gains from Berkshire's June dividend dogs ranged from 15.93% to 40.57% from DEO, PARA, KHC, and SIRI, as per YCharts.

3 Buyable Berkshire Dividend Dogs From June And 6 To Watch

In a cost-cutting move, Paramount Global announced they were shutting down the MTV News website. The announcement was soon followed by Paramount's decision to shut down the websites of cable properties; CMT, Comedy Central, TV Land and Paramount Network removing all online content.

Paramount Global Shuts Down Cable Network Websites

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Charter Communications

CVS Health

Dayforce Inc

Dollar Tree

Estee Lauder

EPAM Systems

Etsy

Globe Life Inc

Global Payments

Intel

Lululemon Athletica

MarketAxess Holdings

Paycom Software

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Warner Bros Discovery Inc

The S&P 500 is up nearly 16% so far this year with dividends reinvested. Artificial intelligence has been the big theme driving gains for Big Tech, especially Nvidia Corp. But 38% of the S&P 500 have had negative returns during the first half of 2024.

These 20 stocks have been the S&P 500's biggest losers so far in 2024

The announcement came at a town hall meeting with Paramount Global's co-CEOs soon after failed merger talks with production company Skydance Media.

Paramount Global set to ax more employees after ‘unacceptable' profit drop

Paramount Global is pushing ahead with asset sales and bankers are in the house as it sets out to streamline and raise cash to pay down debt. Its three co-CEOs confirmed as much today at a Town Hall with staff. Lots of things are being explored.

With Paramount Assets In Play, There's Chatter About A Sale & Leaseback Of Hollywood Lot

After rejecting Skydancer's offer to merge two weeks ago, Paramount Global new co-CEO troika of Brian Robbins, George Cheeks and Chris McCarthy told a packed company town hall of 500 at the studio's Melrose Lot Paramount Theater what progress has been made since the annual shareholders meeting three weeks ago, and what the company's path

Paramount Global Co-CEOs Reveal Bankers Hired To Sell Assets; Discuss Path Forward At Town Hall

An exit by advertisers and cord-cutting have hammered Paramount's traditional TV business, which accounts for more than half its revenue.

Paramount+ to hike streaming prices — here's how much plans will cost

Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as it looks to recalibrate its business and pay off debt.

Paramount Global to raise prices for its streaming plans

News for Paramount Global Stock (PARAA)