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.
CW Network inks affiliation agreements in three more TV markets
Nexstar has reached affiliation agreements with stations in California, Arizon and Texas that will offer its CW Network programming from September 1.
Paramount offer from “Apex Capital” appears to be a hoax
The bid submitted on Wednesday would include an infusion of $10 billion in capital to Paramount, plus a $400 million break-up fee paid to Skydance Media.
Former Warner Music chair Edgar Bronfman, Jr. still interested in Paramount
The bid would involve spending $2 billion to $2.5 billion in order to acquire National Amusements, Paramount's largest shareholder.
Paramount shareholder sues Skydance Media over merger
The lawsuit, filed in Delaware, claims the proposed merger stands to substantially benefit one person: Shari Redstone
President Biden withdraws from race weeks before ABC News debate
Vice President Kamala Harris will now presumably appear at the ABC News presidential debate scheduled for September; less clear is who will attend the VP candidate debate on CBS.
TV stations go offline during global outage caused by CrowdStrike
Dozens of major television broadcasters had their operations disrupted by a global computer outage triggered by security vendor CrowdStrike on Friday.
BET Media launching Tyler Perry-centric FAST channels
BET Media and Tyler Perry are teaming up on two new FAST channels that will offer replays of certain BET sitcoms and dramas.
“Morning Joe,” “Daily Show” cancel episodes following Trump assassination attempt
Two TV networks have amended their coverage plans for the Republican National Convention following Saturday's assassination attempt against former President Donald Trump.
Post-merger cuts could target TV networks at Paramount
Networks like CBS and Comedy Central that nurture hit TV franchises and have lucrative live sports rights are likely safe for the long-term, but the future is hazy for other Paramount-owned channels.
CBS to “centralize” news coverage across local-owned stations
The effort is part of a broader restructuring of operations at CBS News & Stations, and comes several months after 800 Paramount employees — including some at CBS-owned stations — were laid off.
Jeffrey Shell to serve as Paramount president following Skydance merger
Former NBC Universal CEO Jeffrey Shell will lead Paramount in an executive role once the merger with Skydance Media is complete.
Streaming companies ask Canadian court to block news funding law
A consortium of streaming companies have filed a legal challenge to a forthcoming rule that requires them to set aside some of their revenue to help fund Canadian local news and content.