Broadcasters will pay millions to settle ad price-fixing claims
Cox Media, Paramount Global and Fox Corporation have agreed to pay $48 million and cooperate in litigation against other media companies.
Paramount Global
Paramount Global ($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.
DirecTV named presenting sponsor of military basketball tournament
DirecTV is the presenting sponsor of the Military Basketball Association’s annual playoffs and championship tournament that starts this weekend.
Paramount to offer ad-supported version of BET Plus
The cheaper version will cost $6 a month and include ad breaks between 15 and 30 seconds long.
Paramount lays off more staff, closes MTV News division
The layoffs come as Paramount eases off traditional cable networks with an eye toward streaming as its future.
Paramount could face betting war for BET Media
A coalition of celebrities and media moguls are vying for Paramount Global’s Black-centric media business, including streamer BET Plus, setting the stage for a potential bidding war. Click or tap here to read the full story at Fierce Video
Warren Buffett criticizes Paramount for cutting dividend
“It’s not good news when any company cuts its dividend dramatically,” the Berkshire Hathaway chairman and CEO said.
Paramount pulling CW affiliation from eight CBS-owned stations
Most of the affected stations have carried CW Network programming since its launch in 2006.
Paramount Plus set to increase subscription price this summer
Executives say the time is right to increase prices on Paramount Plus service, which will help the company generate additional streaming revenue. [Fierce Video]
Paramount files countersuit against WBD over ‘South Park’ rights
Paramount has counter-sued Warner Bros Discovery, alleging the media company hasn’t paid $50 million in licensing rights for “South Park.”
Paramount weighs offering majority stake in Noggin
Paramount is considering a plan that would put a majority stake in children’s streaming service Noggin up for sale
