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The Latest Breaking News from Paramount Global

Upfront Preview: Economy, Streaming, Measurement Make This Year’s Market Unique

Sports and unscripted play bigger role

Multichannel News

Paramount Global Shuts Down MTV News After 36 Years Of Broadcasting

MTV News viewership was defined by a Gen X and Millennials where the quality of journalism had progressed.

Zenger

MTV News shut down after 36 years on air amid major staff lay-offs

MTV News is set to shut down after 36 years on air as the channel's parent company, Paramount Global, has announced its plans to layoff 25 per cent of its work force due to financial pressures.

Daily Record

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MTV News shut down as Paramount Global cuts 25% of its staff

Paramount Global, the parent company of networks including Showtime, CBS and Nickelodeon is cutting some 25% of its staff. Among the units being shutdown as a result of the downsizing is MTV News.

WEKU

Paramount Pleased As It Concludes Round of Smaller Upfront Dinners

‘We’re not going back to the old way of doing things,’ says ad sales head John Halley

Broadcasting & Cable

Bad News All Around Makes Paramount Global’s Unusually Active Options an Intriguing Bet

Paramount Global’s earnings report Thursday was so bad; even Warren Buffett probably sold his stock. Down 28% on the day, it’s not surprising PARA options were unusually active.

Barchart

All 8 CBS-Owned The CW Affiliates Are Going Independent

Stations in Philly, Atlanta, San Francisco, other major markets make break from network

Broadcasting & Cable

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Photo Gallery: 31st Annual B+C Hall of Fame

Happenings from on stage and behind the scenes at New York gala

Broadcasting & Cable

The Streaming Wars Continue With 3 Stocks Battling for Dominance in the Market - Are Any Worth Buying?

As the battle for market dominance in the streaming sector rages on, the lack of hit shows this year has put streaming companies on the back foot. So, will it be worth looking at streaming stocks Walt Disney (DIS), Paramount (PARA), and Roku (ROKU)? Read on to learn my view.

StockNews.com

Stocks Tumble as Liquidity Concerns Rout Regional Bank Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.72%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.37%. Stock indexes Thursday closed moderately lower, with the S&P...

Barchart

Stock Market Today: Stocks Slide as Regional Bank Rout Worsens

The major market indexes closed lower Thursday as chaos in the banking industry continued.

Kiplinger

Stocks Undercut as Regional Bank Stocks Plunge

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.00%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. U.S. stocks this morning are moderately lower, with the...

Barchart

Paramount Global Stock Plunges After Reporting $1.1 Billion Q1 Loss

Paramount Plus streaming service adds 4.1 million subscribers

Broadcasting & Cable

B+C Hall of Fame 2023: Ray Hopkins

President, U.S. Networks Distribution, Paramount Global

Multichannel News

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Cinemablend

Warner Bros. Discovery And Paramount Are In A $52 Million Dispute, And It's All Over South Park

South Park is in the middle of a $52 million dispute between Warner Bros. Discovery and Paramount, over streaming rights and original content.

Broadcasting & Cable

Paramount Sees Boost in Results From Campaigns Using VideoAmp Currency

Likelihood to convert up 11%

Los Angeles Times

Amazon's pricey spy drama 'Citadel' to get $25 million California tax credit

LOS ANGELES — Amazon Studios' big-budget spy thriller "Citadel" is set to become the highest-spending TV production to relocate to California in the history of the state's film and TV tax incentive program, as the technology behemoth shifts production from Britain for the show's second season.

The Guardian - US

Hollywood writers vote on strike: ‘At stake is the viability of TV as a career’

WGA union argues companies have ‘leveraged the streaming transition to underpay writers’

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news in one place.

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Multichannel News

Showtime Sports Still Throwing PPV Punches With Benavidez-Plant Boxing Event (Q&A)

President Stephen Espinoza says programmer will remain aggressive in combat-sports arena

StockNews.com

3 Streaming Stocks You Want No Part Of

Streaming stocks faced a rough year in 2022 as subscriber growth slowed amid concerns about high inflation and macro uncertainties. Therefore, it could be wise to avoid fundamentally weak streaming stocks Warner Bros. (WBD), Paramount Global (PARA), and World Wrestling (WWE), given their weak fundamentals. Read more….

Los Angeles Times

Tyler Perry interested in buying majority stake in BET from Paramount, the network's longtime home

Producer and star Tyler Perry has expressed interest in buying a majority stake in BET as the television network's owner, Paramount Global, looks to bring on a substantial partner, according to two people familiar with the matter who were not authorized to comment.

Los Angeles Times

Paramount to pay $122.5 million to settle lawsuit over CBS deal

Paramount Global has agreed to pay $122.5 million to settle a 3-year-old lawsuit brought by several large investment funds that believed the company pushed through the 2019 merger of Viacom and CBS at the expense of minority shareholders.

Zenger

Failed Attempt By Former Paramount Executives To Purchase Showtime Amid Fold Into Paramount+

Former Showtime Executives Have Failed Numerously After Offers For Showtime Were Rejected By Paramount Global

Los Angeles Times

Historic movie lot that gave Studio City its name to get $1 billion makeover

LOS ANGELES — Radford Studio Center, a storied movie lot in Studio City that has been home to generations of landmark television shows — including "Gunsmoke" and "Seinfeld" — is set to get a $1 billion upgrade to expand its facilities and bring them further into the digital age.

The Independent UK

‘Verbal trickery’: Warner Bros Discovery sues Paramount for $200 million over South Park deal

Warner says it signed a contract in 2019 paying more than $500m for the rights to existing and new episodes of the irreverent show

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