Paramount Global is pushing ahead with asset sales and bankers are in the house as it sets out to streamline and raise cash to pay down debt. Its three co-CEOs confirmed as much today at a Town Hall with staff. Lots of things are being explored.
After rejecting Skydancer's offer to merge two weeks ago, Paramount Global new co-CEO troika of Brian Robbins, George Cheeks and Chris McCarthy told a packed company town hall of 500 at the studio's Melrose Lot Paramount Theater what progress has been made since the annual shareholders meeting three weeks ago, and what the company's path
Paramount Global (PARA) shares rose Monday afternoon as the company announced plans to raise the prices of its Paramount+ streaming service as it navigates a variety of takeover and merger offers that have surrounded Paramount in recent months.
Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as it looks to recalibrate its business and pay off debt.
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Paramount Group (PGRE) and Omega Healthcare Investors (OHI). But which of these two stocks offers value investors a better bang for their buck right now?
Paramount Global will raise the price of its flagship streaming service, Paramount+. The option with Showtime will increase by $1 a month, while the essential Paramount+ plan will rise by $2.
Paramount Global General Counsel Christa D'Alimonte has told colleagues she will be exiting the company at the end of the month. In an internal memo (read it below), D'Alimonte recalled her 25-year association with Viacom, first as a legal representative of the company and later as a staffer.
Paramount Global stock (NASDAQ: PARA) remains down by close to 30% since early January. This compares to media peer Disney, which has gained about 10% over the same period.
Share of Paramount Global hit a milestone today, and not a good one. The stock price fell below $10 intraday, changing hands at $9.91 just now, down 2% from Friday.
After months of intense negotiations, Shari Redstone refused to sell her fading empire to a company known as Skydance.
The Score is a weekly review of the biggest stock moves and the news that drove them.
Wall Street bankers and white-shoe law firms are losing out on hundreds of millions of dollars in fees after Shari Redstone this week made a last-minute decision to scrap plans to merge Paramount with Skydance Media, sources close to the talks said.