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.
Nokia sues Paramount over alleged streaming patent violations
Nokia accuses Paramount of infringing several streaming-related patents tied to video encoding, compression, buffering and delivery processes.
Paramount to lay off thousands following merger with Skydance Media
Paramount is moving forward with plans to lay off thousands of employees following its $8 billion merger with Skydance Media, according to numerous reports on Friday.
Paramount to keep BET Media, CEO David Ellison says
Paramount is no longer exploring a sale of BET Media, the company's new chief executive David Ellison told reporters on Wednesday.
Paramount inks seven-year deal with UFC parent TKO Group
Starting next year, Paramount Plus becomes the exclusive home of UFC competitions; some events will simulcast on CBS.
Skydance Media completes merger with Paramount Global
Skydance has officially completed its merger with Paramount, bringing to a close a year-long, turbulent process that was met with several politically-influenced delays.
Cindy Holland to take over Paramount Streaming from Tom Ryan
Tom Ryan is stepping down as CEO of Paramount Streaming as Skydance finalizes its merger. Cindy Holland, former Netflix exec, will lead Paramount Plus and Pluto TV in the new structure under David Ellison’s leadership.
HBO Max to pull “South Park” on August 5
From that day forward, Paramount Plus will be the exclusive home of the hit Comedy Central adult animated sitcom.
Skydance not involved in CBS decision to cancel Colbert’s Late Show, attorney says
An attorney for Skydance Media says the company was not involved in Paramount's decision to cancel "The Late Show with Stephen Colbert" next year.
Paramount posts profitable Q2, streaming business earns $2.2 billion
The company's direct-to-consumer media apps offset declines in its traditional linear broadcast and cable networks business.
EARNINGS REPORT
Press advocacy group seeks disbarment of FCC Chairman Brendan Carr
The Freedom of Press Foundation says Carr, a licensed lawyer, engaged in "egregious misconduct" against broadcasters.
Skydance to bring “performance-based culture” to CBS News
Skydance Media will institute a "performance-based culture" at CBS News when its deal with Paramount closes next month.
Paramount says Skydance Media merger will close on August 7
Paramount Global says its $8 billion merger with Skydance Media will close on August 7, subject to customary closing conditions.