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The Latest Breaking News from Paramount Global

What to Expect From Paramount Global's Next Quarterly Earnings Report

Paramount Global is gearing up to release its third-quarter earnings next month, and analysts expect a double-digit profit dip.

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Is Paramount Global Stock Outperforming the Nasdaq?

Paramount Global has recently outperformed the Nasdaq, but Wall Street analysts are cautious about the stock’s prospects.

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Introducing the first Fortune LGBTQ+ Leaders list

Today we celebrate the leaders who have bravely blazed a trail, leaving the path clear for the next generation.

Fortune

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How Paramount Global’s two openly-gay CEOs are blazing a trail, and helping the next generation

With their unrelenting support for the next generation, Paramount Global is positioned to reap the rewards in the future.

Fortune

Stocks Close Higher as US Consumer Confidence Rises to 6-Month High

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.33%. US stocks Tuesday shook off early losses and closed slightly higher. Stocks recovered Tuesday...

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Stock Market Today: Stocks Edge Higher With Nvidia Earnings in Focus

Nvidia stock gained ground ahead of tomorrow's after-the-close earnings event, while Super Micro Computer got hit by a short seller report.

Kiplinger

Stocks See Support as Chip Stocks Rebound

The S&P 500 Index ($SPX ) (SPY ) today is up +0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.32%. US stocks today shook off early losses and are mostly higher. Stocks recovered today...

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Stocks Pressured by Higher Bond Yields and a Slide in Chip Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.57%. US stocks today are moving lower, with the Nasdaq 100 falling to a 1-1/2...

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Skydance Merger With Paramount Moves Forward After Bronfman Drops Bid

Canadian media mogul proposed $4.3B for the company a week ago

TV Tech

Path clears for Paramount merger with Skydance after Bronfman drops bid

Ex-Warner Music chief had formed consortium to gazump planned deal but some would-be investors withdrew

The Guardian - UK

Edgar Bronfman Jr.’s Bid for Paramount Fades to Black

Withdrawal appears to clear way for Skydance to close acquisition of struggling media company

Multichannel News

Path Cleared For Skydance Media's Paramount Takeover As Edgar Bronfman Exits Bid

Paramount's board, through its special committee, confirmed the conclusion of the "go shop" period.

International Business Times

Report: Paramount Considering Sale of 12 Local TV Stations

Bloomberg is reporting that Paramount has hired a banker to explore asset sales, which would include local TV stations

TV Tech

Skydance Accuses Paramount Of Breaching Buyout Deal Terms, Seeks Halt To Bronfman Negotiations: Report

David Ellison's Skydance is reportedly demanding that Paramount stop its negotiations with Edgar Bronfman Jr. after the latter improved his bid to acquire the entertainment titan.

International Business Times

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Multichannel News

Charter Puts Ad-Supported Paramount Plus into Its Most Popular Spectrum Pay TV Bundles

Cable operator reached broad-reaching carriage agreement with Paramount Global back in May that let it offer Paramount Plus Essentials at no additional cost to subscribers

The Independent UK

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…

Top News

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 ...

The Guardian - US

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

Multichannel News

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

Direct-to-consumer business shows $26 million profit

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