ViacomCBS

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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Shares of ViacomCBS Inc. (NASDAQ: VIAC) had soared by about 170% from January 2 to March 22.

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ViacomCBS Inc's (NASDAQ: VIAC) CBS Sports and Lega Serie A announced a multi-platform agreement for exclusive U.S. rights to the Serie A Championship, the Coppa Italia, and the Supercoppa Italiana. ViacomCBS' subscription streaming service, Paramount+, would deliver over 400 club matches live each season through 2024.

ViacomCBS' CBS Sports & Paramount+ Acquire Exclusive US Streaming Rights To Serie A

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After recently announcing the pricing of its $3 billion new stock offering, the shares of CBS Corporation (NASDAQ:VIAC) took a devastating tumble.

Options Traders Respond as VIAC Extends Dramatic Dip

The epic year-to-date rally in shares of ViacomCBS is on hold after the company decided to take advantage of its recent share price gains and launch a $3 billion equity offering. ViacomCBS extended its two-day decline to nearly 30% on Thursday. Shares were off by 23% on Wednesday, and fell an additional 6% on Thursday.

ViacomCBS extends 2-day decline to 29% after it launches $3 billion equity offering to fund streaming business

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ViacomCBS Inc. shares tumbled 18% Wednesday, after the media and entertainment giant priced a roughly $3 billion offering of equity securities to raise the funds to invest in its new streaming service.

ViacomCBS shares slide 18% after company prices roughly $3 billion offering of equity securities

In a Wednesday note, Bank of America Securities said that ViacomCBS's move to streaming was the "right strategy" for the media company, "but hard to execute."

Viacom stock is in free fall as Wall Street expresses doubt about streaming execution

Shares of ViacomCBS tumbled over 15 percent Wednesday after the media giant announced pricing of its $3 billion stock sale. The company, which launched the Paramount Plus streaming service earlier this month, said it will use the stock sales to fund its “investment in streaming.

ViacomCBS shares tumble on $3B stock sale to fund streaming content

Media and entertainment company ViacomCBS Inc (NASDAQ: VIAC) priced concurrent offerings of 20 million common stock at $85 per share and 10 million preferred stock at $100 per share in a secondary public offering. The common stock offer price signifies a 6.8% discount to the Tuesday closing price.

ViacomCBS To Raise $3.06B From Secondary Common And Preferred Stock Offering

ViacomCBS Inc. priced the offering of $3 billion of equity securities announced on Tuesday to help fund investments in its streaming service Paramount+, which launched in March. The company priced $20 million shares of its Class B common stock at $85 a share.

ViacomCBS prices $3 billion offering of equity securities

The stock price of ViacomCBS (NASDAQ: VIAC) fell by over 5% pre-market. This is why it happened.

VIAC Stock Price Falls Over 5% Pre-Market: Why It Happened

NEW YORK--(BUSINESS WIRE)--ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced the pricing of concurrent offerings (the “Offerings”) of 20,000,000 shares of its Class B common stock, par value $0.001 per share (“Class B common stock”), at a price to the public of $85.00 per share and 10,000,000 shares of its 5.75% Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (“Mandatory Convertible Preferred Stock”), at a price to the public and liquidation preference of $100.00 p

ViacomCBS Prices Offerings of Class B Common Stock and Mandatory Convertible Preferred Stock

ViacomCBS will sell $2 billion in class B common shares and $1 billion in mandatory convertible preferred shares.

ViacomCBS stock closes down 9% after company says it will raise $3 billion from stock offerings

Are investors overreacting to news of a stock offering?

Why ViacomCBS Stock Crashed Again Today

The media giant's management wants to use the $3 billion in proceeds to fund its streaming strategy, including Paramount+.

ViacomCBS Is Taking Advantage of Its Soaring Stock by Selling More

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ViacomCBS Floating $3 Billion in New Common and Convertible Stock Following Launch of Paramount+ Streaming Service

Shares of ViacomCBS Inc. dropped 4.8% in premarket trading Tuesday after media company said it started an offering of $3 billion worth of equity securities. The offering was announced after the stock soared 55.6% month to date to close Monday at a record of $100.34, marking a 12th record close so far this month.

ViacomCBS stock pulls back from record after $3 billion equity offering

ViacomCBS said Monday it's looking to raise $3 billion with two concurrent stock offerings and plans to use the combined net proceeds for general corporate purposes, including investments in streaming, following the recent launch of Paramount+. The company is offering $2 billion worth of its Class B common stock and $1 billion of its Series A Mandatory Convertible...

ViacomCBS Raising $3 Billion From New Stock Offerings To Invest In Streaming

NEW YORK--(BUSINESS WIRE)--ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced that it has commenced concurrent offerings (the “Offerings”) of $2.0 billion of its Class B common stock, par value $0.001 per share (“Class B common stock”), and $1.0 billion of its Series A Mandatory Convertible Preferred Stock, par value $0.001 per share (“Mandatory Convertible Preferred Stock”), subject to market and other conditions. ViacomCBS has granted the underwriters separate 30-day options to purchase up

ViacomCBS Announces Offerings of Class B Common Stock and Mandatory Convertible Preferred Stock

Share of ViacomCBS Inc. surged 1.8% toward in midday trading Monday, putting them on track to post the 12th record close in March, after Benchmark analyst Daniel Kurnos raised his price target on the media company by 50% to $120 and reiterated his buy rating. Kurnos noted that the stock has continued its "torrid" rally despite multiple downgrades by other analysts.

News for ViacomCBS Stock (VIAC)