Paramount to Close TV Studio Amid Restructuring
The iconic Paramount Television Studios is shutting down this week as part of a cost-cutting effort by parent company Paramount Global PARA -0.10%decrease; red down pointing triangle.
Paramount Global starts cutting 2K jobs ahead of Skydance merger
A memo written by Paramount's three co-chief executive officers was circulated to staffers on Tuesday, according to a report by Bloomberg News.
Paramount Global begins planned layoffs with 15% job cuts in US
Paramount Global will begin laying off 15% of its workforce in the United States starting Tuesday as part of its planned job cuts, the media giant said in an internal memo.
Paramount Layoffs Begin; Co-CEOs Tell Staffers Media Company Has Reached “An Inflection Point” As “Industry Continues To Evolve”
Paramount Global has initiated the first wave of layoffs as it looks to reduce its U.S. workforce by 15%. The first of three stages of the staff reductions is beginning today, with 90% of the planned cuts to be completed by the end of September.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Initiates Investigation into Paramount Global
NEW YORK, NY / ACCESSWIRE / August 12, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global ("PARA" or the "Company") (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.
PGRE vs. EGP: Which Stock Should Value Investors Buy Now?
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Paramount Group (PGRE) or EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?
Paramount Global (PARAA) Q2 2024 Earnings Call Transcript
Paramount Global (NASDAQ:PARAA ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Jaime Morris - Executive Vice President of Investor Relations Brian Robbins - President & Chief Executive Officer Chris McCarthy - President & Chief Executive Officer George Cheeks - President & Chief Executive Officer Naveen Chopra - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Morris – Guggenheim Robert Fishman – MoffettNathanson Ben Swinburne - Morgan Stanley Rich Greenfield - LightShed Partners John Hodulik – UBS Steven Cahall - Wells Fargo Bryan Kraft - Deutsche Bank Operator Good afternoon. My name is Felicia and I'll be the conference operator today.
Paramount Global Stock Pops After Earnings, Job Cuts
Paramount Global (NASDAQ:PARA) stock is up 4.5% at $10.66 at last glance, after the streaming giant reported better-than-expected second-quarter earnings of 54 cents per share, though revenue missed estimates.
Paramount Global to lay off 15% of its US workforce
Paramount Global will cut approximately 15% of its U.S.-based workforce in upcoming layoffs, co-CEO Chris McCarthy disclosed in an earnings call on Thursday.
Paramount To Cut 2,000 Jobs, Posts $6B Write-Down
Paramount Global (PARA) wrote down the value of its cable-TV networks by nearly $6 billion, a day after Warner Bros. Discovery (WBD) also took a massive charge, as streaming services like Netflix (NFLX) continue to disrupt traditional networks.
Paramount jumps as steady streaming growth eclipses TV unit writedown
Paramount Global's shares jumped 6% premarket on Friday as investors cheered strong growth at the media group's streaming business, even as the company joined rival Warner Bros Discovery in writing down the value of its TV assets.
Paramount cuts workforce, takes $6bn cable writedown
US entertainment conglomerate Paramount Global (NASDAQ:PARA) which owns CBS, Nickelodeon, Paramount+ and others, intends to reduce its workforce by 15% under a $500 billion cost-saving plan. The news was delivered to shareholders during Paramount's second-quarter earnings call, when Paramount also noted a $5.98 billion goodwill impairment charge for its Cable Networks reporting unit due to “a downward adjustment to the reporting unit's expected cash flows”.
