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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After almost 3.3x rise since its March lows of 2020, at the current price of $36 per share, we believe ViacomCBS stock is overvalued. VIAC stock has increased from $11 to $36 off its recent bottom, much more than the S&P 500 which increased about 60% from its March lows.

Time To Sell ViacomCBS Stock After 200% Rally?

NEW YORK--(BUSINESS WIRE)--ViacomCBS today released its first Environmental, Social and Governance (ESG) Report.

ViacomCBS Releases First Environmental, Social and Governance (ESG) Report

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Glenview Capital Trims Holdings of Nuance, ViacomCBS, HCA Healthcare

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Releasing two top December stocks from the MDA Growth and Dividend Breakout portfolio and two top samples from the November portfolio. The November portfolio completes the first month +15.33% led by United Microelectronics +31.5% and ViacomCBS +22.7%.

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German media company Bertelsmann SE announced it is buying Simon & Schuster from ViacomCBS for $2.18 billion in an all-cash deal. These are the details.

Bertelsmann Acquiring Simon & Schuster For $2.18 Billion

ViacomCBS today announced it has sold its Simon & Schuster book publishing division to rival Penguin Random House for $2.175 billion as it pares down debt and focuses on streaming and other businesses with higher potential for growth.

ViacomCBS Unloads Simon & Schuster For More Than $2 Billion

Simon & Schuster will operate as an independent imprint.

Bertelsmann Behemoth: ViacomCBS To Sell Simon & Schuster To Penguin Random House For Nearly $2.2 Billion

ViacomCBS announced Wednesday it will sell the storied Simon & Schuster publisher to Random House for $2.175 billion in cash, a major infusion of funds as the Bob-Bakish run media company makes good on its promise to unload non-core assets. ViacomCBS in a statement called the transaction “the outcome of a highly competitive auction that...

ViacomCBS To Sell Simon & Schuster To Random House For Close To $2.2 Billion

ViacomCBS selling Simon & Schuster for $2.18 billion to Penguin Random House

ViacomCBS Inc. confirmed a deal to sell its Simon & Schuster publishing business for $2.18 billion to Bertelsmann SE & CO. subsidiary Penguin Random House LLC.

ViacomCBS confirms deal to sell Simon & Schuster business for $2.2 billion

ViacomCBS announced Wednesday that it would sell publishing company Simon & Schuster to Penguin Random House in a deal worth $2.175 billion.

ViacomCBS sells Simon & Schuster to Penguin Random House for $2 billion

NEW YORK--(BUSINESS WIRE)--ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced it has entered into a definitive agreement to sell the publishing business Simon & Schuster (“Simon & Schuster”) to Penguin Random House LLC (“Penguin Random House”), a wholly owned subsidiary of Bertelsmann SE & Co. KGaA, for $2.175 billion in cash. This divesture follows a strategic review of non-core assets ViacomCBS undertook early in 2020. Proceeds from the transaction will be used to invest in Viac

ViacomCBS to Sell Simon & Schuster to Penguin Random House for $2.175 Billion

EXCLUSIVE: Producer Aaliyah Williams has signed a first-look deal with CBS Studios under her Just A Rebel production company. With the new deal, Williams brings her commitment to storytelling centering Black women. Williams has a slate of multiple projects in development. Most recently, Williams executive produced the Netflix dramedy Gentefied from Marvin Lemus and Linda...

‘Gentefied' EP Aaliyah Williams Inks First-Look Deal With CBS Studios

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HOLLYWOOD, Calif.--(BUSINESS WIRE)--Nickelodeon today announced the renewal of the Emmy® Award-winning series Friends, from Warner Bros. Television, for its nighttime programming block Nick at Nite. The agreement, negotiated for ViacomCBS by Barbara Zaneri, Executive Vice President of Global Content Acquisitions, was part of a multi-year, multi-series deal that included several renewals of top-rated syndicated series from Warner Bros. Television that air across ViacomCBS' portfolio of cable net

Nickelodeon Renews Hit Sitcom Friends for Nick at Nite as Part of Multi-Series ViacomCBS Syndication Deal

NEW YORK--(BUSINESS WIRE)--ViacomCBS Consumer Products (VCP) and Melissa & Doug, the purpose-driven global toy brand, have signed an exclusive licensing partnership to deliver PAW Patrol® and Blue's Clues & You! co-branded toy product lines for Fall 2021. The toys will be designed to educate and empower preschoolers through active engagement with a focus on problem solving and creative thinking. This global partnership with ViacomCBS is the largest licensing agreement Melissa & Doug

Purpose-driven Toy Brand Melissa & Doug and ViacomCBS Announce Landmark Global Licensing Partnership

Shares of ViacomCBS Inc. (NASDAQ:VIAC) have received a price target increase from $28 to $30 by Rosenblatt Securities. These are the details.

VIAC Stock Price: $30 Target By Rosenblatt

ViacomCBS has been hit with another round of job cuts as layoffs and restructuring continue across big media and entertainment companies. A person familiar with the situation said some 100 staffers are impacted across the combined company. The move is part of a streamlining and cost cutting push when Viacom and CBS merged last December....

ViacomCBS Hit With Another Round Of Layoffs -100 Jobs Cut Across Combined Company

ViacomCBS' future looks brighter than it may seem.

How ViacomCBS Is Trying to Compete With Netflix

ViacomCBS (VIAC) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

ViacomCBS (VIAC) Surges: Stock Moves 5.6% Higher

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The CBS All Access streaming service is getting a rebrand in early 2021, CEO Bob Bakish said Wednesday. The ViacomCBS branded service is set to roll out as Paramount+ next year.

Paramount+ On Track To Replace CBS All Access Next Year

CBS has made a pledge to diversify its reality programming including popular shows like Survivor, Big Brother and The Amazing Race.

CBS Promises To Diversify Reality-TV

ViacomCBS' recent restructuring put the head of Pluto TV, Tom Ryan, in charge of all the media company's streaming strategy, which suggests how closely SVOD and AVOD will be when Paramount+ launches. But the market overlooked the import of the move, says Pluto Chief Business Officer Jeff Shultz.

Market Overlooked Importance Of Pluto's Ryan Taking Over ViacomCBS Streaming Strategy: Shultz

Before the markets opened on Nov. 6, ViacomCBS Inc. (NASDAQ:VIAC) reported its earnings results for the third quarter of 2020, which ended on Sept. 30.

News for ViacomCBS Stock (VIAC)