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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After decades of being the dominant player in linear cable networks, Viacom, now part of Paramount Global, has put two cable networks up for sale in what is increasingly viewed as a dying industry.

Paramount Global Puts Majority Stake In Noggin Streaming Service On The Block

The potential sale comes as the entertainment conglomerate looks to give priority to Paramount+ and Pluto TV streaming platforms.

Paramount Explores Sale of Majority Stake in Noggin Streaming Service

NEW YORK , April 4, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) announced today that it will report first quarter financial results on Thursday, May 4, 2023. The company will conduct a conference call at 8:30 a.m.

Paramount Global to Report First Quarter Financial Results on May 4, 2023

Net Also Renews Second Season of Hit Live-Action Comedy Series, The Really Loud House Share it: @Nickelodeon #TheReallyLoudHouse Click HERE  for assets. HOLLYWOOD, Calif.

NICKELODEON ANNOUNCES A REALLY HAUNTED LOUD HOUSE, BRAND-NEW FEATURE-LENGTH HALLOWEEN MOVIE, SET TO DEBUT THIS FALL

The streaming wars have only just begun, and investment spending for new content win subscribers may hit new highs in 2023. Buying or producing more and better content to show subscribers is a very expensive proposition, but these increasingly numerous streaming companies have to refresh content constantly or else risk a high churn-off of subscribers.

Paramount Global: On Track for Streaming Success

Paramount Global stock offers plenty of upside if the media company were to sell some or all of its business, according to analysts at Bank of America.  The firm upgraded its rating for the stock to ‘Buy' from ‘Neutral' and raised its price target to $32 from $24.

Paramount could unlock value by selling off parts of its business, BofA analyst says

BofA dished out a major bullish upgrade on Paramount Global on Tuesday. Its analyst suggests a sale of Paramount or its assets would fetch a far higher price than the company's current valuation implies.

Why Paramount Stock Is Rallying Despite the Marketwide Headwind Today

Media is a cyclical business, relying heavily on strong consumers for discretionary spending and a strong economy for ad spending. Despite short term headwinds, the company has skillfully managed its capital demonstrated by simultaneously paying down debt and investing in growth.

Paramount: From Headwinds To Tailwinds

Paramount (NASDAQ: PARA ) stock is on the move Tuesday after the entertainment company got an upgrade from Bank of America. Analyst Jessica Reif Ehrlich is behind today's upgrade, which bumps shares of PARA stock up from a “neutral” rating to a “buy” rating.

Paramount (PARA) Stock Pops on Analyst Upgrade

Paramount Global (NASDAQ:PARA) stock is 6% higher in premarket trading, following an upgrade from Bank of America.

Analyst: Paramount's Strong Assets Boost Value

Paramount Global has named Kristin Southey EVP, Investor Relations, effective immediately. She succeedes Anthony DiClemente, who will remain with the media company through mid-April to ensure a smooth transition. Southey reports to Chief Financial Officer Naveen Chopra.

Paramount Global Taps Former Activision Blizzard, Snap IR Chief Kristin Southey To Head Investor Relations

NEW YORK , March 27, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced the appointment of Kristin Southey as Executive Vice President, Investor Relations, effective immediately. Reporting to Chief Financial Officer Naveen Chopra, she succeeds Anthony DiClemente who will remain with the Company through mid-April to ensure a smooth transition.

Paramount Appoints Kristin Southey Executive Vice President, Investor Relations

Share it: @nickjr @ nickelodeon @PAWPatrol Click HERE for art, HERE to embed a clip and HERE for the trailer. BURBANK, Calif.

NICKELODEON AND SPIN MASTER CELEBRATE 10 YEARS OF PAW PATROL WITH BRAND-NEW "ALL PAWS ON DECK" PRIMETIME ANNIVERSARY SPECIAL, PREMIERING MONDAY, APRIL 24, AT 7 P.M. (ET/PT)

Some investors had to blink twice at the news that Paramount Global had rejected a $3b offer for Showtime as inadequate. Why? The company today is still something of a product of its bizarre DNA under founder Sumner Redstone - and his daughter's fealty to it.

Paramount Global: Corporate DNA Suggests Best To Bet On Vertical Sales Or Spinoffs

NICKELODEON STUDIOS AND PARAMOUNT+ ANNOUNCE "GOOD BURGER 2," AN ALL-NEW MOVIE SEQUEL TO THE ICONIC '90S FILM Original Movie Stars, Kenan Thompson and Kel Mitchell, Return as Fan-Favorite Characters Dex and Ed GOOD BURGER 2 to Premiere Exclusively on Paramount+ Later this Year Click HERE for Photos Share it: @Nickelodeon @ParamountPlus #GoodBurger HOLLYWOOD, Calif. , March 18, 2023 /PRNewswire/ -- Nickelodeon Studios and Paramount+ today announced the greenlight of GOOD BURGER 2, an all-new original movie sequel to the iconic '90s feature film based on the sketch from the comedy series "All That.

WELCOME TO GOOD BURGER, HOME OF THE GOOD BURGER!

NEW YORK , March 17, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) (the "Company") today filed its proxy statement and announced changes to its Board of Directors (the "Board"), including the addition of Dawn Ostroff as an independent, non-executive director, pending a stockholder vote at Paramount's 2023 Annual Meeting of Stockholders, which will be held on Monday, May 8, 2023. Ms. Ostroff is an accomplished media & entertainment industry executive, with extensive experience across content development, multiplatform distribution and advertising.

Paramount Global Files Proxy Statement, Announces Changes to its Board of Directors

Paramount Shop Debuts with Expansive Range of Product Offerings from Across Paramount Brands, Including CBS, Comedy Central, MTV, Nickelodeon, Paramount Pictures & More NEW YORK , March 15, 2023 /PRNewswire/ -- Paramount Global today unveiled Paramount Shop ( ParamountShop.com ), its first global direct-to-consumer e-commerce site with products spanning the company's portfolio of current hits to beloved classics from the company's free-to-air, cable, theatrical films and streaming platforms. The platform will feature a broad array of products representing more than 125 brands and characters totaling over 7,000 items and more than 50,000 unique products from Paramount brands including BET, CBS, Comedy Central, MTV, Nickelodeon, Paramount Network, Paramount Pictures, SHOWTIME® and more.

Paramount Unites Brands for Launch of First Global Comprehensive E-Commerce Platform, Paramount Shop

Paramount Global (NASDAQ:PARA ) 2023 Morgan Stanley Technology, Media & Telecom Conference March 8, 2023 11:00 AM ET Company Participants Bob Bakish - President and Chief Executive Officer Conference Call Participants Ben Swinburne - Morgan Stanley Ben Swinburne All right. Good morning, everybody.

Paramount Global (PARA) Presents at 2023 Morgan Stanley Technology, Media & Telecom Conference (Transcript)

Paramount Global today announced a new brand positioning and trade campaign around the tag ‘Popular is Paramount' to reflect “the company's indisputable strength in making popular content and content popular for every audience.” “‘Popular is Paramount' is a celebration of our company, content and creative excellence,” said CEO Bob Bakish.

Paramount Global Launches New Marketing Campaign “Popular is Paramount”

New Trade Marketing Campaign and Positioning Celebrates Scale, Breadth and Impact of Paramount Content with Big, Beloved IP For All Audiences at the Center Showcases Paramount's Track Record of Making Popular Content and Content Popular for Advertisers, Distributors, Investors and the Creative Community *Click here for creative assets NEW YORK , March 8, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) is unleashing the power of content today with the launch of "Popular is Paramount," a new brand positioning and trade campaign that brings to life the company's indisputable strength in making popular content and content popular for every audience across its premium portfolio of leading brands and multiplatform assets. "'Popular is Paramount' is a celebration of our company, content and creative excellence," said Bob Bakish, President and Chief Executive Officer, Paramount.

Paramount Global Launches "Popular is Paramount"

Paramount is in talks with Tyler Perry to sell a majority interest in BET Media Group, which owns Black Entertainment Television (BET) and VH1.

Cable Network Valuations To Be Tested With Potential Sale Of BET

A pinball experience that you can't refuse CHICAGO , March 7, 2023 /PRNewswire/ -- Jersey Jack Pinball (JJP), in partnership with Paramount Consumer Products, is proud to announce The Godfather 50th Anniversary pinball machine. Collector's and Limited Editions are now available to order for your home game room or arcade.

JERSEY JACK PINBALL ANNOUNCES THE GODFATHER 50TH ANNIVERSARY PINBALL MACHINE

Paramount Global is in early exploratory talks to sell a majority stake in BET Media. The company has been pretty clear about its desire to explore opportunities to raise cash, including an attempt to sell publisher Simon & Shuster. It's move with BET Media was first reported in the Wall Street Journal.

Paramount Global Exploring Sale Of Majority Stake In BET

Shares of Paramount Global PARA, +0.33% jumped 0.6% in midday trading, reversing an earlier loss of as much as 0.7%, after The Wall Street Journal reported that the mass media company was looking into selling a majority stake in its BET Media Group. Citing people familiar with the matter, the WSJ report said Paramount was looking to boost its finances by selling off the bulk of BET Media, which includes the cable TV channels BET and VH1, so it can support its Paramount+ streaming service.

Paramount stock reverses higher after WSJ report media company was looking into selling bulk of its BET Media Group

The potential sale of part of the parent of BET and VH1 would help Paramount shore up resources for streaming.

News for Paramount Global Stock (PARAA)