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.
Ex-NBC boss Jeff Shell could head to Paramount post-Skydance merger
The deal would likely include RedBird Capital Partners, where former NBC Universal boss Jeff Shell overseas sports and media investments.
Paramount Global will pursue merger with Skydance Media
The decision comes despite an offer from Apollo Global Management to buy the company for $26 billion.
Gray Television will share market research with CBS-owned TV stations
Gray Television has struck a pact with Paramount Global's CBS to provide market research and news strategy to CBS-owned local TV stations.
Journalism groups walk back support for Fox News leaker
News outlets and press freedom groups are torn between supporting former journalist Timothy Burke and the broadcast TV outlets he allegedly victimized.
Apollo Global makes $11 billion bid for Paramount studios
Apollo Global Management has offered National Amusements $11 billion to acquire Paramount Global's film and television studio business.
Paramount Plus to debut with ads in Canada, Australia
Paramount Plus will debut an ad-supported tier in Canada and Australia in the coming weeks.
Streaming gains on traditional TV in February, Nielsen report shows
Streaming accounted for nearly 38 percent of all television watching in the United States last month, up from 34 percent last year.
Paramount grabs 67.5 million streaming subscribers
The company expects its Paramount Plus service to be fully profitable by next year, even though some customers may drop off throughout 2024.
Nexstar loses $273 million on CW Network in 2023
The CW broadcast network earned just $250 million in revenue during Nexstar's first full calendar year as majority owner.
WBD no longer pursuing merger with Paramount, report says
Skydance Media is still pursuing a merger opportunity with Paramount Global, the report said.
Ampere: Disney stands to win as streamers rush to license content
Disney could emerge as an early victor as a new front develops in the so-called "streaming wars:" A rush to license content to peer services.
Sky Showtime to launch ad-supported tier
Comcast and Paramount's joint venture Sky Showtime has announced plans for a lower-priced, ad-supported plan.