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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Paramount is adding lots of subscribers, but it's losing a lot, too. Combining Showtime with Paramount+ could be a solution.

The Biggest Thing Holding Paramount+ Back From Profits Right Now

Charter Communications

Disney

Comcast

Twenty-First Century Fox

Warner Bros Discovery Inc

Disney blocked its cable channels, including ESPN and ABC, from being shown on Charter's Spectrum network after the two companies failed to secure a distribution agreement.

Disney's feud with Spectrum owner Charter slams entertainment stocks

Shares of several U.S. entertainment companies including Fox Corp and Warner Brothers Discovery Inc were dragged down on Friday by a dispute between media heavyweight Disney and cable provider Charter Communications over television distribution fees.

US entertainment shares slide as Disney, Charter squabble over cable fees

NEW YORK , Aug. 30, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that Bob Bakish, President and Chief Executive Officer of Paramount Global, will deliver the keynote address at the 2023 Goldman Sachs Communacopia & Technology Conference in San Francisco on Wednesday, September 6, 2023, at 3:05 p.m. PT. A live audio webcast will be available on Paramount's Investors website at ir.paramount.com.

Paramount Global's Chief Executive Officer Bob Bakish to Participate in the 2023 Goldman Sachs Communacopia & Technology Conference

Mario Gabelli (Trades, Portfolio) is a billionaire investor with a net worth of approximately $1.7 billion according to Forbes. He is the founder and CEO of GAMCO Investors, an investment firm with $30.7 billion in assets under management.

Mario Gabelli Dives Further Into Paramount Global

NEW YORK , Aug. 21, 2023 /PRNewswire/ -- The Toy Association™ has announced that Paramount Consumer Products, which oversees all merchandising and related licensing for Paramount, a leading global media and entertainment company, will be the official sponsor of the Press Center at Toy Fair® 2023, taking place September 30 to October 3 in New York City.  "Toy Fair is expected to welcome 1,000 members of the global media to report on the latest trends and innovations across toys, play, and youth entertainment," said Kimberly Carcone, executive vice president of global market events at The Toy Association, producer of Toy Fair.

Paramount Consumer Products to Sponsor Press Center at Toy Fair® 2023

PARA's current valuation of 0.46 times its book value reflects market skepticism towards its success in the streaming industry. Our analysis suggests that PARA's streaming business is moving towards profitability, potentially prompting a positive market response. A strong earnings call and successful scaling of the streaming business by FY2025Q2 could lead to a significant increase in PARA's stock price.

Paramount Global Could See Substantial Upside On Streaming Success

Paramount Global shares dipped 2% Thursday morning after word surfaced Wednesday night that the company had abandoned its effort to sell a stake in BET Media Group. Shares fell at one point to $14.58, their lowest level since mid-May, though trading volume was lighter than normal.

Paramount Stock Dips After Company Ends Its Effort To Sell A Stake In BET Media Group

The company quietly notified bidders late Wednesday, a source said.

Paramount scraps $3B auction of BET as Tyler Perry's offer comes in low

Paramount Global (NASDAQ: PARA) stock price has underperformed the broader American stock market and its media peers. The shares surged to $94.40 in March 2021 and have now plunged by 84% from their all-time high.

Is Paramount (PARA) stock a bargain or a value trap?

Paramount Global has scrapped plans to sell its majority stake in BET Media Group, the Wall Street Journal reported Wednesday night.

Paramount reportedly drops plans to sell its stake in BET

Paramount Global dropped plans to sell a majority stake in BET Media Group, which includes the VH1 and BET cable networks and BET+ streaming service, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Paramount drops plans to sell BET Media stake - WSJ

The recent earnings report from media conglomerates had similar trends, streaming is still not profitable and ad dollars to linear TV is dropping

Earnings Reports From Media Companies Reveal Common Trends

CBS News said on Monday Ingrid Ciprian-Matthews, award-winning journalist and veteran news executive, has been named president, after Neeraj Khemlani stepped down from the position on Sunday.

CBS News names Ingrid Ciprian-Matthews as president after Khemlani resigns

CBS News said Wendy McMahon will take over as its new CEO and president.

CBS News names Wendy McMahon as new chief

She is named chief executive following Neeraj Khemlani's resignation.

Wendy McMahon Takes on Larger Role at CBS News, Syndication Business

The changes in CBS News leadership also include the return of a sole figure with the title of news division president. Longtime network veteran Ingrid Ciprian-Matthews will become president, with editorial oversight of all CBS News platforms. She most recently was executive vice president for newsgathering.

Ingrid Ciprian-Matthews Named President Of CBS News

Wendy McMahon has been named president and chief executive officer of CBS News and Stations and CBS Media Ventures, according to an announcement from CBS Chief Executive George Cheeks. McMahon's newly created role will include singular oversight of CBS News and stations, as well as CBS's domestic syndication business.

CBS names Wendy McMahon as president and CEO of CBS News and CBS Media Ventures

CBS has named a new boss at CBS News following the exit of co-president Neeraj Khemlani, who was fired from the network amid a slew of HR complaints from employees.

CBS names Wendy McMahon president and CEO of CBS News after exit of Neeraj Khemlani

Embattled CBS News co-president Neeraj Khemlani, whose two-year cost-cutting reign was marked by clashes with high-profile anchors and HR complaints, is leaving the network.

CBS News chief Neeraj Khemlani stepping down after tumultuous 2-year reign

The president of CBS News, Neeraj Khemlani, stepped down on Sunday after two years on the job, the New York Times reported.

CBS News president Khemlani steps down - New York Times

CBS is shaking up the leadership ranks of its news and local station group

Head of CBS News, Neeraj Khemlani, Stepping Away From His Role

Neeraj Khemlani, the president and co-head of CBS News and Stations, is stepping down from his role, according to a Sunday report from Variety. Khemlani told employees in a memo on Sunday he is leaving his current position for a new “multi-year first-look” deal at CBS, the report said. It is not immediately clear who will succeed Khemlani.

CBS News chief Neeraj Khemlani reportedly stepping down

Embattled CBS News co-president Neeraj Khemlanj has been telling people he's been pushed out after a tumultuous two-year reign, The Post has learned.

CBS News president Neeraj Khemlani tells confidants he's out: sources

The sale comes after Paramount failed to sell the book publishing giant to Penguin Random House. Iconic American publishing company Simon & Schuster has a new owner.

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