Paramount Global PARA just sent a powerful technical signal to traders—the stock has completed a Golden Cross.
A Delaware judge is willing to consider allegations in a class action lawsuit that Paramount Global's $8 billion sale to Skydance Media should be blocked from closing because it short-changes public shareholders, according to a Thursday court filing.
JP Morgan analyst David Karnovsky maintained an Underweight rating on Paramount Global PARA with a price target of $11.
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Paramount Resources: Long-Term Strategy In View
Paramount Pictures spent around $5 million to fix the character design of Sonic in its 2020 "Sonic the Hedgehog" film. The feature was a success at the box office and has spurred on two more films and a television series.
Paramount Group, Inc. (NYSE:PGRE ) Q4 2024 Earnings Conference Call February 28, 2025 10:00 AM ET Company Participants Tom Hennessy - Vice President of Investor Relations and Business Development Albert Behler - Chairman, Chief Executive Officer and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer and Treasurer Peter Brindley - Executive Vice President, Head of Real Estate Conference Call Participants Steve Sakwa - Evercore ISI Blaine Heck - Wells Fargo Ron Kamdem - Morgan Stanley Tom Catherwood - BTIG Vikram Malhotra - Mizuho Dylan Burzinski - Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.
The network has recently begun hiring outside lawyers in preparation for a long legal slog through the FCC deal-approval bureaucracy.
Wall Street analysts rerated Paramount Global PARA after the company reported its fourth-quarter report on Wednesday.
PARA's fourth-quarter results reflect TV Media declines and rising costs, but strong streaming growth and the Skydance deal support its digital shift.
Paramount Global is ending several diversity, equity and inclusion policies related to data collection and staffing. The company cited President Donald Trump's executive order banning DEI in the government and directing agencies to probe private companies over their programs.
The CBS owner said it expects to close its merger with David Ellison's Skydance Media over the first half of this year.