Paramount Global
Paramount Global ($PARA) is a multinational broadcast, cable and streaming television corporation based in New York City. It is the successor to the CBS Corporation and Viacom, Inc. Paramount Global operates the CBS broadcast network, CBS Sports, MTV Networks, Paramount Pictures, Pluto TV, Paramount Plus, Showtime, Australia’s Network 10, Channel 5 UK and around two dozen local CBS broadcast stations in major American markets. Prior to February 2022, Paramount Global was known as ViacomCBS.
CBS launches virtual reality weather studio in Detroit
WWJ-TV is the 11th CBS-owned station to debut an augmented-virtual reality TV studio for its news and weather forecasts.
Netflix sees modest bump in revenue during Q1; Reed Hasting to leave board
Netflix saw a modest bump in revenue as the company's growth strategy like password-sharing crackdowns and building out its ad business continued to accelerate in Q1.
EARNINGS REPORT
CBS CEO says late night deal with Byron Allen is “temporary”
The network made a one-year deal with Allen for "Comics Unleashed," but is still exploring ways to develop and distribute its own low-budget late night programming.
California CBS stations to host gubernatorial debate
Three Paramount-owned local television stations in California will broadcast a debate involving the state's candidates for governor.
FIRST ON THE DESK
Jeffrey Shell departs Paramount amid legal dispute
Jeffrey Shell is stepping down as Paramount president and board member amid a legal dispute over alleged misconduct.
Paramount confirms Middle East money will fund Warner Bros acquisition
The deal includes $45.7 billion in equity commitments and $54 billion in debt financing from major lenders.
CBS gives “Late Show” time slot to Byron Allen
Paramount's broadcast network CBS will hand over the 11:35 p.m. Eastern Time slot to Byron Allen in mid-May upon the closure of its "Late Show" franchise.
CBS News Radio to end in May, 700 affiliates scrambling for new national programming
The move reflects broader challenges facing radio amid competition from streaming audio and digital platforms.
Scott Rates named news director at CBS stations in Sacramento
Paramount's CBS News & Stations has named Scott Rates as its news director for the company's Sacramento market duopoly.
EXECUTIVE MOVES
NAB appoints Paramount, Entravision execs to Board of Directors
The National Association of Broadcasters has appointed two executives from Paramount and Entravision Media to its Television Board of Directors.
EXECUTIVE MOVES
CBS News streaming channel stages walkout amid contract negotiations
WGA East members at CBS News 24/7 staged a two-coast walkout after failing to reach a new contract with Paramount.
Paramount Plus to absorb BET Plus after company buys out Tyler Perry
BET shows will move to the BET Hub on Paramount Plus, expanding their reach to the platform’s global audience.