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The Latest Breaking News from Paramount Global

Paramount extending 'go shop' period by 15 days so it can review Bronfman offer

Entertainment giant Paramount Global is extending by 15 days a period where it’s allowed to assess alternative offers to its merger agreement with Skydance so that it can review a proposal from Edgar Bronfman, Jr. Paramount said late Wednesday that the “go shop” period for Bronfman will be extended until…

The Independent UK

Wall Street Anticipates Federal Reserve Chair's Speech At Jackson Hole

Stay informed about Wall Street's modest gains, corporate earnings, and Powell's speech. Paramount Global surges, Advance Auto Parts falters. European mark...

Top News

Edgar Bronfman Raises Bid To Acquire Paramount Global As 'Go Shop' Period Extended: Reports

Bronfman's latest offer includes $3.2 billion in funds that could be used to reduce Paramount's debt or to buy non-voting shares from investors.

International Business Times

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Paramount Global receives $4.3bn takeover offer from Edgar Bronfman Jr

Veteran media executive’s bid would scupper Hollywood media empire’s planned merger with Skydance Media

The Guardian - US

Edgar Bronfman Makes $4.3 Billion Bid For Paramount

Shari Redstone’s National Amusements gets $2.4 billion

Multichannel News

Edgar Bronfman Submits $4.3 Billion Rival Bid For Paramount Global

The bid also covers a $400 million breakup fee, which would be necessary to terminate a competing agreement that Paramount Global had previously entered into.

International Business Times

Paramount will lay off 15% of its U.S. workforce

Paramount Global also took a $6 billion write down ahead of its merger with Skydance Media.

The Street

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Paramount Global To Cut 15% Of US Staff, Take $6B Write-Down Ahead Of Skydance Merger

The decision will affect around 2,000 employees over the coming weeks.

International Business Times

Paramount Global To Lay Off 15% Of US Staff

Paramount Global announces layoffs and write-downs ahead of Skydance merger, reflecting industry shifts in traditional TV and print media, while streaming ...

Top News

Paramount Global to cut 15% of its US workforce before Skydance merger

Company behind Paramount Pictures, Nickelodeon and CBS writes down value of its cable networks by nearly $6bn

The Guardian - US

Paramount Reports $5.4 Billion Loss As It Writes Down the Value of its Cable Networks

Direct-to-consumer business shows $26 million profit

Multichannel News

Stock Index Futures Rise After Weekly Job Numbers are Released

September S&P 500 E-Mini futures (ESU24) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.03% this morning as market participants geared up for U.S. weekly jobless claims data and the next round of quarterly results while also awaiting remarks from a Federal Reserve official.

Barchart

Stocks Muted Before the Open as Investors Await U.S. Jobs Data and Earnings Reports, Fed Speak on Tap

Barchart

Are Wall Street Analysts Bullish on Paramount Global Stock?

As Paramount Global underperforms the broader market, Wall Street analysts remain cautious about the stock’s prospects.

Barchart

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Broadcasting & Cable

‘Apex’ Predator Feeds on Media Business Press With Apparent BusinessWire Press-Release Hoax About Rival Paramount Bid

Calling itself a 'conglomerate of financial institutions and financial services providers,’ the so-called ‘Apex Capital Trust’ convinced Bloomberg, Reuters, the Penkse Showbiz Trades and other big-name pubs that it made a rival $43 billion all-cash bid for Paramount

The Independent UK

Norah O’Donnell announces plans to step down from CBS Evening News

Veteran news anchor said ‘it’s time to do something different’ as she gears up for coverage of the presidential election for a seventh time

TV Tech

Paramount Global And Nexstar Media Renew Affiliation Agreements

Deal covers CBS-affiliated TV stations in 42 markets owned by Nexstar and Mission Broadcasting; Paramount-owned stations in Miami and Detroit will become CW affiliates

Broadcasting & Cable

Paramount Stations To Become CW Affiliates, Including a Return in Detroit

Agreements are part of broader affiliation deal between Nexstar and Paramount Global

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Player One

Paramount Shareholder Challenges Skydance Merger in Court

A Paramount Global shareholder filed a lawsuit against a pending deal between Paramount and Skydance Media.

Barchart

What to Expect From Paramount Global's Q2 2024 Earnings Report

With Paramount Global expected to release its Q2 earnings next month, analysts project a double-digit bottom-line growth.

Investors Business Daily

Investors Completely Overlook 8 Fast-Growing Stocks

Amazed by Nvidia's expected earnings growth this year? Join the club. What about fast-growing S&P 500 stocks everyone is missing out on?

Fortune

David Ellison's Paramount merger cements the era of the 'nepo CEO'

David Ellison's Skydance Media is buying Paramount Global with help from his billionaire dad, Larry Ellison, founder of Oracle. To earn respect, he'll have to walk a tightrope.

Broadcasting & Cable

Ingrid Ciprian-Matthews, CBS News President, To Step Down

Veteran has been in president role for less than a year

Broadcasting & Cable

Skydance May Not Be Able To Rescue Paramount From Junk-Bond Status, Credit Rating Agencies Say

A lot of questions remain unanswered after David Ellison’s big deal, but Moody’s said it’s still ‘possible’ it could downgrade the conglomerate in the coming months

Inverse

A Huge Hollywood Upheaval Could Turn Star Trek Into the Next MCU

Paramount's merger with Skydance could completely restructure the Final Frontier. Here's how Star Trek could be impacted by this massive game-changer.

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