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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Wolfe Research analyst Peter Supino ended his bearish call on Paramount Global Inc. recently following the announcement that majority shareholder National Amusements obtained a $125 million preferred equity investment.

Paramount's stock nabs an upgrade as company could depart from ‘money-losing strategies'

Traditional TV Media is producing a gusher of cash, but instead of paying dividends, the company is pouring money into their streaming business. Paramount+ is only the 5-6th largest streaming platform and cannot compete with the largest players in value offered to viewers. Sooner or later, acquisition bids will have to be considered; but the longer Paramount stays independent, the more value will be lost.

Paramount: Potential Merger Arbitrage With Downside Protection

Shari Redstone's National Amusements raised $125 million. Paramount also got an analyst upgrade on the news.

Why Paramount Global Stock Was Moving Higher Today

National Amusements, Paramount Global's controlling shareholder, will use the cash to reduce interest expense and pay down a revolving loan and recent term borrowings.

Paramount Stock Rises as Shari Redstone's National Amusements Gets Fresh Investment

Shares of Paramount Global rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone's National Amusements Inc, announced it had received a $125 million investment from a private equity firm.

Paramount Global shares rise as major shareholder gets $125 mln investment deal

Paramount Global shares jumped after an investor known as Warren Buffett's favorite banker piled into the media company's controlling shareholder.

Paramount pops after Buffett's favorite banker makes 'interesting' bet in media giant's biggest shareholder

Former CBS shareholders reached a proposed $167.5 million settlement to resolve allegations that Shari Redstone, the daughter of late media magnate Sumner Redstone, pressured the company into an unfair merger that created ViacomCBS Inc, now known as Paramount Global, according to a court filing.

Ex-CBS shareholders reach proposed $167.5 million settlement over Viacom deal

Paramount (NASDAQ: PARA ) stock is climbing higher on Friday following news of National Amusements getting a major investment. National Amusements has signed an agreement with BDT Capital Partners for a $125 million preferred equity investment.

PARA Stock Alert: The $125 Million Reason Paramount Shares Are Up Today

Shares of Paramount Global Inc. were popping 5% in premarket trading Friday after the media company's controlling shareholder announced that it received a $125 million investment.

Paramount stock takes off as controlling shareholder gets $125 million cash infusion

Paramount's attraction initially lay in its robust dividend policy, but a recent cut has seen the stock price fall dramatically. Despite a dividend cut, Paramount's focus on cash profits and streaming growth could set the company up for future success.

Should You Buy Paramount Global Before It Rallies?

NEW YORK , May 24, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA; PARAA) today announced that Naveen Chopra, Executive Vice President and Chief Financial Officer of Paramount Global, will participate in a question-and-answer session during Gabelli Funds 15th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 8, 2023, at 11 a.m. ET. A live audio webcast will be available on Paramount's Investors website at ir.paramount.com.

Paramount Global's Chief Financial Officer Naveen Chopra to Participate in the Gabelli Funds Media & Entertainment Symposium

The same week that Warner Bros. Discovery launched its merged HBO Max and Discovery+ streaming service, Max, Paramount announced the launch date of Paramount+ with Showtime.

Paramount+ to increase in price when it combines with Showtime on June 27

Paramount+ will officially integrate with Showtime on June 27, and streaming subscribers can expect a price hike at the same time.

Paramount+ and Showtime will merge June 27, and prices will rise too

Paramount has confirmed the launch plans, including date, for the merged Paramount+ with Showtime service. The company will launch the rebranded bundle on June 27.   It comes a few days after the date leaked via an email sent out to Showtime subscribers that paid for the service via Apple.

Paramount+ With Showtime Confirms Rebrand Launch Date

Multiplatform Long-term Initiative to Launch with Coalition of Leading Partners  4-H, Ashoka, Association of Children's Museums, ChangeX and The Aspen Institute Click HERE  for assets and HERE to embed video. Share it: #NickOurWorld @Nickelodeon  NEW YORK , May 22, 2023 /PRNewswire/ -- Nickelodeon today announced the U.S. launch of Our World , a brand-new global initiative to inspire kids and provide them with tools to activate their individual and collective agency.

NICKELODEON INAUGURATES NEW ERA OF PRO-SOCIAL LEADERSHIP WITH OUR WORLD GLOBAL INITIATIVE

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The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon. Ditching the dual monitors to take in a big-screen flick is not a bad way to unwind after a long day and busy earnings season.

Box Office Bounce-Back: Entertainment Stocks Produce Strong Returns

Paramount Global is going through tough times, but I believe it will eventually rebound over the long term. The company has a great set of platforms and content engines to take advantage of the eventual economic rebound and advertising resurgence.

Paramount Global: Consideration Of The Pullback

Paramount Global just cut its dividend by 80% after an ugly Q1 2023 update. At Berkshire Hathaway's annual shareholder meeting, Warren Buffett explained some of the issues Paramount and the TV streaming industry are facing.

Warren Buffett Owns $1.6 Billion Worth of Paramount Stock -- Here's The Major Issue He's Seeing

Paramount slashed its quarterly dividend from $0.24 per share to $0.05 per share. Its streaming platform continues to grow rapidly, but revenue fell year over year.

Why I'm Changing My Mind on Paramount Global Stock

Peloton

Market news and some "Star Wars" conversation.

Paramount Global and Peloton Are Worth Talking About

Collection Based on the Famed Rugrats Character will be Available for Pre-order and Purchase Exclusively on CultureFly.com LOS ANGELES and NEW YORK , May 11, 2023 /PRNewswire/ -- CultureFly has teamed up with Nickelodeon, Paramount Consumer Products and toy industry legend James Groman to create a unique and exciting large format Reptar collectible! Standing at 12" tall the soft vinyl Reptar figure articulates, features striking detail, and will be available for pre-order in a unique airbrushed colorway at limited quantities.

THE REPTAR X JAMES GROMAN CAPSULE COLLECTION BY CULTUREFLY LAUNCHING THIS MONTH

This company has roots in legacy media, while successfully expanding into streaming video. Streaming represents the biggest opportunity, fueled by the company's large and growing catalog of content.

Here's How Warren Buffett Is Betting on the Streaming Wars

The move comes as the media giant lays of 25% of staff, according to reports.

Paramount to Shut Down MTV News After 36 Years

Paramount is combining nine separate teams into one and among the units being shut down is MTV News, Bloomberg News reported.

Paramount Global slashing 25% of staff, shutting down MTV News: report

The layoffs allow Paramount Media Networks to contend with "pressure from broad economic headwinds like many of our peers."

News for Paramount Global Stock (PARAA)