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 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: TV Media, Direct-to-Consumer and Filmed Entertainment. The TV Media segment includes broadcast operations, cable networks, and television studios, creating and distributing TV content both domestically and internationally. The Direct-to-Consumer segment offers a range of paid and free streaming services to audiences domestically and internationally. The Filmed Entertainment segment includes Paramount Pictures, Paramount Players, Paramount Animation, Nickelodeon Studio, Awesomeness, and Miramax, focusing on film production and distribution. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

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."

2023 Media Layoffs: MTV News Shutting Down As Paramount Media Networks Cuts 25% Of Staff

Novavax

More than 136,000 employees were laid off by major U.S. companies in the first quarter of 2023.

Spring 2023 Layoff Tracker: Paramount, Novavax, LinkedIn Cut Hundreds Of Employees

Although the move was widely expected, Paramount Global sold off because of a drastic dividend cut. My personal opinion is that this move was overdue and will create massive value. I present the math within the article.

Paramount: Dividend Cut Creates Massive Value

NEW YORK — Simon & Schuster is again up for sale. Months after a federal judge halted Penguin Random House's plan to purchase its longtime rival, Simon & Schuster's CEO and parent company, Paramount Global, have confirmed that the publisher is back on the market, with a sale possible by the end of the year.

Simon & Schuster is up for sale again, executives confirm

Paramount Global shares plunged more than 25% after a dismal first-quarter earnings report. Citing a weak advertising market in its TV business, the company also cut its dividend sharply.

Paramount shares plunge more than 25% following dismal earnings

Investors were processing a disappointing earnings report that included a cut to its quarterly dividend. Paramount is seeing its earnings deteriorate as it ramps up spending to support future growth in streaming.

Why Paramount Global Stock Plunged This Week

Paramount cut its quarterly dividend from $0.24 to $0.05. The company also missed estimates on the top and bottom lines.

Why Paramount Global Stock Was Plunging Today

The involvement of Warren Buffett, who highly values dividend payers, has helped sustain Paramount's stock through the streaming market's reset.

Paramount's Slashed Dividend Will Cost It

The company incurred a $1.7 billion charge in connection with its plan to integrate Showtime into its Paramount+ streaming service and remove certain programming.

Paramount shares tank 28% after posting Q1 loss of $1.1B

Paramount Global (NASDAQ:PARA ) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Kristin Southey - Executive Vice President, Investor Relations Bob Bakish - President and Chief Executive Officer Naveen Chopra - Chief Financial Officer Conference Call Participants Michael Morris - Guggenheim Securities Brett Feldman - Goldman Sachs Ben Swinburne - Morgan Stanley Jessica Reif Ehrlich - Bank of America Securities Rich Greenfield - LightShed Partners Robert Fishman - MoffettNathanson Doug Mitchelson - Credit Suisse Phil Cusick - JPMorgan Operator Good morning. My name is Nadia, and I'll be the conference operator today.

Paramount Global (PARA) Q1 2023 Earnings Call Transcript

Paramount Global (NASDAQ:PARA) is crashing after its disappointing first-quarter results, down 18.6% at $18.82.

Paramount Stock Stages Post-Earnings Plummet

In a dividend shocker this morning, Paramout Global said it's slashing quarterly payouts to 5 cents, so 20 cents, annually — a major drop from about 24 cents a quarter or nearly a buck a year.

Paramount Slashes Dividend To Conserve Cash, Preps Simon & Schuster Sale, Cites “Disciplined Approach” To Headcount As Stock Plunges 25%

The media company said the charges are tied to a plan to remove certain programming as it combines streaming platforms. Shares fell more than 20%.

Paramount Posts Loss on $1.7 Billion Charge, Cuts Dividend

Paramount Global missed first-quarter revenue estimates after adding fewer subscribers to its streaming service. Paramount+ added 4.1 million subscribers during the quarter, compared to 9.9 million in the preceding quarter, falling behind the competition from established players such as Netflix and Disney+.

Paramount misses 1Q revenue estimates as advertisers cut spending and streaming growth slows

Paramount Global shares plummet as company cuts dividend and earnings miss estimates.

Paramount Global shares fall 17% premarket after revenue, earnings miss estimates

The previously announced integration of Showtime into Paramount+ draws closer as the company reports its first-quarter fiscal earnings. Paramount+ with Showtime is set to launch in the third quarter.

Paramount+ grows to 60M subs as it prepares to integrate with Showtime

Paramount Global fell shy of Wall Street forecasts with ongoing losses in streaming exacerbated by soft advertising at its TV/Media group last quarter, and a dip in filmed entertainment. The stock is down 15% in early trading Revenue was flat (down 1%) at $7.26 billion in the first quarter from the year earlier, below.

Paramount Global Swings To Loss On Streaming, Soft Ad Market In Rough First Quarter; Stock Drops

Normally, Warren Buffett (Trades, Portfolio) praises the companies he buys. Even when it comes to becoming a shareholder rather than buying a company outright, the Oracle of Omaha likes to say that shareholders should approach their stake as business owners, with a focus on quality and the long-term outlook.

Warren Buffett Doesn't Like Paramount Global; Why Did He Buy the Stock?

Paramount Global ( PARA , Financial) has seen its stock perform very well year-to-date with shares up 28.26%, showing momentum in a year that the U.S. stock market as a whole has sown weakness as a result of several key factors, like fears of a recession, high inflation rate and rising interest rates. However, despite the recent outperformance, I believe the future for shareholders of this iconic media and entertainment company is lackluster.

News for Paramount Global Stock (PARAA)