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The Latest Breaking News from Paramount Global

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...

Barchart

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

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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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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

Multichannel News

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

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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Barchart

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.

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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