Paramount
Paramount Skydance ($PSKY) 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.
New “60 Minutes” producer Nick Bilton fires Scott Pelley from CBS News
CBS News has fired long-time correspondent Scott Pelley, just one day after a heated confrontation with newly-minted "60 Minutes" EP Nick Bilton.
DEVELOPING STORY
CBS reverses copyright crusade over Colbert’s guerilla public access appearance
Paramount says it will stop issuing copyright infringement notices against YouTube accounts that shared Stephen Colbert's public access appearance.
Legal group files fresh Bar complaints against FCC Chairman Brendan Carr
A bipartisan legal group accused FCC Chairman Brendan Carr of abusing his authority and questioned whether he is still fit to hold a license to practice law.
FIRST ON THE DESK
Parks Associates: Tubi is most-used free streaming service in U.S. homes
Tubi, the Roku Channel and Pluto TV top Parks Associates' list of most-used free streaming apps in American broadband-connected homes.
DATA
TV broadcasters partner with OpenAP to create new ad exposure standards
Several large broadcasters have partnered with OpenAP toward a new industry initiative aimed at creating standards for measuring ad exposure on TV.
KOVR becomes latest CBS-owned station to launch virtual reality studio
CBS News & Stations has launched its latest augmented-virtual reality (AR/VR) news studio at its CBS-owned station in Sacramento
Pluto TV to relaunch on Paramount Plus platform this summer
In addition to relaunching on Paramount Plus' tech stack, Paramount will push more Pluto TV to register a free account and stream more video on-demand content.
FIRST ON THE DESK
Paramount grows revenue 2 percent during Q1; Paramount Plus adds 2 million customers
Paramount's streaming and studio businesses offset ongoing losses in its traditional TV media unit during Q1.
EARNINGS REPORT
Parks Associates: Combined Paramount-WBD will reach half of U.S. broadband households
The combined platform scale would rival competing streaming products offered by Netflix, Amazon and Disney, which have stronger broadband reach.
FIRST ON THE DESK
Warner Bros shareholders approve acquisition by Paramount
The deal still faces potential regulatory hurdles from federal and state officials.
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