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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Skydance is likely to walk away from its Paramount offer unless controlling shareholder Shari Redstone reaffirms her commitment following the Apollo-Sony bid.

Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks

Apollo Global Management

Sony

Sony Pictures Entertainment (SPE) and Apollo Global Management have made a $26 billion cash offer for Paramount Global , the Wall Street Journal reported.

Sony and Apollo submit $26 bln Paramount offer, WSJ reports

Sony Group Corp (NYSE:SONY) and private equity firm Apollo are preparing a $26 billion cash bid for Paramount Global (NASDAQ:PARA), challenging Skydance Media's offer as their exclusive negotiation period nears expiration. Sony would lead the investment with majority control, while Apollo would hold a minority stake, without the need to refinance Paramount's existing $16 billion debt.

Sony and Apollo set to launch $26bn Paramount counterbid

Sony would be the majority shareholder and Apollo would have a minority stake, a source told the AP.

Paramount Global receives $26B offer from Sony, Apollo amid Skydance talks

Shares in media giant, whose chief executive Bob Bakish was this week ousted amid reports of clash with Shari Redstone, spike 12%

Sony and Apollo reportedly make $26bn offer for Paramount

Sony and Apollo expressed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.

Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid

Sony Pictures and private equity firm Apollo Global Management have submitted a $26 billion offer for Paramount Global, The Wall Street Journal reported Thursday, the latest bid for the entertainment conglomerate, whose shares have spiked with news of potential takeovers in recent months.

Paramount Stock Jumps 13% After Reported $26 Billion Sony-Apollo Takeover Bid

Partners Sony and Apollo have formally reached out to Paramount's special board committee asking to discuss a potential $26 billion offers. It comes Par's exclusive negotiating window with David Ellison's Skydance is set to expire. Paramount share jumped 12% on the news. Investors would vastly prefer a Sony deal to Skydance.

Sony, Apollo Make Formal Overture To Paramount Board To Discuss Potential $26 Billion Deal

Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant.

Sony, Apollo Make $26 Billion All-Cash Offer for Paramount

Sony and Apollo Global Management are reportedly bidding big for Paramount. Sony and the private equity firm teamed up for an all-cash offer of $26 billion for Paramount Global, The Wall Street Journal reported on Thursday.

Sony and Apollo offer $26 billion for Paramount: report

Sony Pictures and Apollo Global Management Inc. have submitted a $26 billion cash offer for Paramount Global.

Sony and Apollo make $26 billion cash offer for Paramount: report

Film studio Skydance is vying to buy Shari Redstone's controlling stake in Paramount. Its latest bid includes a premium for shareholders and a $3 billion cash injection.

What you need to know about Skydance's $32 billion deal for Paramount, from financing to what its plans are for the media empire

Charter Communications

Paramount Global, which is in the midst of corporate upheaval on a number of fronts, got a slight reprieve in one key area, extending carriage negotiations with Charter Communications.

On Epic Week For Paramount Global, Company Extends Carriage Talks With Charter

With Chief Executive Bob Bakish out at media and entertainment giant Paramount Global, all eyes, at least on Wall Street, are on the prospect of a merger deal with Skydance Media. But as analysts churned out their reactions, skepticism prevailed.

‘Rearranging deck chairs on the Titanic?' Analysts have questions and doubts after Paramount CEO Bakish's ouster.

The CEO's departure indicates a deal is near, but both potential suitors would bring fresh drama.

Paramount's Hollywood Ending Won't Be Tidy

Paramount Global's Bob Bakish became the latest corporate CEO bagged by Shari Redstone, though his unsurprising departure Monday after getting crosswise with his company's controlling shareholder likely will create further complications as she seeks to sell her family media empire.

With Bakish Gone, Where Does Paramount And Its Suitors Go Next?

After trying to reassure Wall Street with their brief opening remarks at the Paramount Global earnings call, the trio executives named to the newly formed Office of the CEO looked to do the same with the company's employees rattled by the sudden ouster of longtime CEO Bob Bakish amid sale negotiations with Skydance.

Shari Redstone, Newly Elevated Execs Address Paramount Staff Following Bob Bakish's Exit, Talk “Stability” & “Challenging Days” Ahead

Paramount Global (NASDAQ:PARA ) Q1 2024 Earnings Conference Call April 29, 2024 4:30 PM ET Company Participants Jaime Morris - EVP, IR. George Cheeks - President and CEO, CBS and Chief Content Officer, News and Sports, Paramount+ Chris McCarthy - President and CEO Showtime/MTV Entertainment Studios and Paramount Media Networks Brian Robbins - President and CEO, Paramount Pictures and Nickelodeon; and Chief Content Officer, Movies & Kids & Family, Paramount+ Naveen Chopra - EVP and CFO Conference Call Participants Operator Good afternoon.

Paramount Global (PARA) Q1 2024 Earnings Call Transcript

Media and entertainment giant Paramount Global on Monday said that Chief Executive Bob Bakish was stepping down and would be replaced by a three-person office intended to help “materially streamline operations.”

Paramount's Bakish is stepping down, and new CEO office aims to ‘materially streamline operations'

George Cheeks, Brian Robbins and Chris McCarthy, the Paramount Global executives chosen to occupy the Office of the CEO as a replacement for the departing Bob Bakish, sought to reassure Wall Street on Monday that they have a plan.

After Bob Bakish Exit From Paramount, Trio Of Senior Exec Successors Look To Reassure Wall Street, Teasing A New Strategic Plan For The Ailing Media Giant

Bakish's departure confirmed as Paramount continues talks with Skydance Media over proposed tie-up

Paramount Global chief Bob Bakish exits amid scramble to agree merger

Paramount Global chief executive Bob Bakish is leaving his role as head of the entertainment company and CBS parent, it announced Monday, following reports last week that he may be ousted as tensions rise while Paramount considers a merger with Skydance Media that's controversial among many shareholders.

Paramount CEO Bakish Stepping Down As Company Weighs Merger

The move comes as Bakish has clashed with Paramount controlling shareholder Shari Redstone.

Paramount Global ousts CEO Bob Bakish, replaces him with trio of execs as it eyes Skydance merger

Paramount Global's Bob Bakish is out as CEO after reportedly clashing with the board over the terms of a sale to Skydance Media, FOX Busienss has learned.

Paramount CEO Bob Bakish out amid Skydance merger talks

Paramount announced Monday that its president and CEO Bob Bakish is stepping down and getting replaced by a trio of execs. Bakish is exiting the entertainment studio as major shareholder Shari Redstone inches closer to a sale of her controlling stake in the company.

News for Paramount Global Stock (PARAA)