The media giant is said to be willing to spend up to $50 million to end the $20 billion lawsuit brought by Trump.
Paramount Global is facing fresh heat from Capitol Hill over its talks to settle a $20 billion defamation lawsuit brought by President Trump against CBS News — with three left-leaning US senators warning that a deal could potentially violate US anti-bribery laws. In a letter sent Tuesday night to Paramount Chair Shari Redstone, Sens.
CBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down. It's the latest twist in a growing battle of wills between the company's news division and Paramount Global controlling shareholder Shari Redstone.
Wendy McMahon is the network's second recent high-profile departure.
Paramount Resources' strategy is to build and sell large portions of operations each cycle. Shareholders received C$15 per share in cash, plus value in the new company. Historically, investors can expect a major cash return event about once a decade.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
George Cheeks, co-CEO of Paramount Global, is helping negotiate a settlement of the president's lawsuit against CBS News, with the pending merger of Paramount and Skydance in the balance.
DTC's 9% growth aligns with the overall sector performance, indicating strong market positioning and potential for continued success. The investment thesis highlights DTC's alignment with sector trends, robust financial health, and strategic initiatives driving growth. Rating justification emphasizes DTC's consistent performance, market alignment, and strategic growth initiatives as key factors for a positive outlook.
PARA's first-quarter results reflect TV Media declines and rising costs, but strong streaming growth and the Skydance deal support its digital shift.
Paramount Global (NASDAQ:PARA ) Q1 2025 Earnings Conference Call May 8, 2025 4:30 PM ET Company Participants Jaime Morris - EVP of IR Brian Robbins - President and CEO Chris McCarthy - President and CEO George Cheeks - President and CEO Naveen Chopra - EVP and CFO Conference Call Participants Steven Cahall - Wells Fargo Robert Fishman - MoffettNathanson Ben Swinburne - Morgan Stanley Richard Greenfield - LightShed Kutgun Maral - Evercore ISI Operator Good afternoon, my name is Nadia and I'll be the conference operator today. At this time, I would like to welcome everyone to Paramount Global's Q1 2025 Earnings Conference Call.
While the top- and bottom-line numbers for Paramount Global-B (PARA) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Paramount Global co-CEO Chris McCarthy said the company has invested in Taylor Sheridan producer 101 Studios but isn't looking to acquire what he calls a preferred partner. Par has also started using models it developed around Sheridan with new creative talent. “We absolutely value both of those parties.