The Latest Breaking News from Paramount Global

Direct-to-consumer business shows $26 million profit

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.

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

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

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

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

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.

Veteran has been in president role for less than a year

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