Category: Paramount
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Political sway will be paramount leadership skill in coming years
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For CEOs and CEO aspirants, establishing or strengthening direct relationships with the White House will be even more important during the next presidential term, as evidenced by the wave of tech executives kneeling before President-elect Donald Trump’s inauguration. For example, Meta CEO Mark Zuckerberg visited Mar-a-Lago during Thanksgiving week in…
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Political sway will be paramount leadership skill in coming years
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For CEOs and CEO aspirants, establishing or strengthening direct relationships with the White House will be even more important during the next presidential term, as evidenced by the wave of tech executives kneeling before President-elect Donald Trump’s inauguration. For example, Meta CEO Mark Zuckerberg visited Mar-a-Lago during Thanksgiving week in…
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Paramount Gold Nevada Provides Details of Its Upcoming AGM
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Article content Winnemucca, Nevada, Sept. 26, 2024 (GLOBE NEWSWIRE) — Paramount Gold Nevada Corp. is pleased to… (NYSE American: PZG) (“Paramount” or the “Company”) announces that its Annual General Meeting (“AGM” or the “Meeting”) of shareholders will be held on December 12, 2024 at 11:00 a.m. Eastern standard. The meeting…
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Edgar Bronfman drops Paramount bid, clearing path for Skydance deal By Reuters
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By Dawn Chmielowski and Anirban Sen (Reuters) – Media mogul Edgar Bronfman Jr. on Monday dropped out of the race to buy Paramount Global, paving the way for Skydance Media to take control of Shari Redstone’s media empire. In a statement, Bronfman said his bidding group informed Paramount’s special committee…
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Bronfman’s Paramount bid could keep Shari Redstone involved, CNBC reports By Reuters
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(Reuters) – Former U.S. media executive Edgar Bronfman Jr. is open to having Shari Redstone stay involved with Paramount Global if its special committee accepts his union’s offer to buy out the company’s controlling shareholder, National Amusements, CNBC reported on Friday. On Wednesday, Bronfman beefed up his bid for Paramount,…
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Media veteran Bronfman raises bid for Paramount takeover to $6 billion, source says By Reuters
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(This story, originally published on August 21, has been resubmitted to correct RedBird’s writing style, in paragraph 8.) LOS ANGELES (Reuters) – Veteran businessman Edgar Bronfman has sharpened his bid for Paramount Global Inc. with a $6 billion offer for the controlling stake in National Amusements Inc. and a minority…
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Edgar Bronfman Jr. to prepare an offer for Paramount Global, Bloomberg News reports By Reuters
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Seagram heir Edgar Bronfman Jr. is close to making a bid for National Amusements Inc. that would rival an acceptable offer from Skydance Media Inc., Bloomberg News reported Thursday, citing people familiar with the plans. The former Warner Music chief had expressed interest in buying National Amusements, Paramount’s controlling shareholder,…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Paramount Global writes down value of cable networks, posts first streaming profit By Reuters
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By Don Chmielewski (Reuters) – Paramount Global Inc wrote down about $6 billion in the value of its cable networks on Thursday even as the company’s broadcast business reported its first quarterly profit. The decline reflects shrinking viewership at cable networks like Nickelodeon, MTV and Comedy Central, which translates into…
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Paramount Global special committee approves Skydance deal – reports
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mixmotive/iStock Editing via Getty Images Paramount Global Special CommitteeNASDAQ:LThe Board of Directors has approved a deal with Skydance Media. Media reports, including Bloomberg, the Wall Street Journal and the New York Times, said the special committee approved the sale to Skydance on Sunday. Under the deal, Skydance will buy National…
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Paramount Global special committee approves Skydance deal – reports
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mixmotive/iStock Editing via Getty Images Paramount Global Special CommitteeNASDAQ:LThe Board of Directors has approved a deal with Skydance Media. Media reports, including Bloomberg, the Wall Street Journal and the New York Times, said the special committee approved the sale to Skydance on Sunday. Under the deal, Skydance will buy National…
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Special committee of Paramount Global endorses plan to merge with Skydance Media, source says By Reuters
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By Don Chmielewski Businessman David Ellison is one step closer to taking control of Paramount Global after a special committee voted on Sunday to back a merger with his company Skydance Media, a source close to the deal told Reuters. The proposed deal is likely to be approved by Paramount’s…
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Skydance reaches new deal to buy controlling Paramount stake, sources say By Reuters
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By Don Chmielewski LOS ANGELES (Reuters) – Shari Redstone’s National Amusements has reached a preliminary agreement to sell a controlling stake in Paramount Global to David Ellison’s Skydance Media, three people familiar with the matter told Reuters on Tuesday. The unexpected development comes just weeks after Redstone abruptly ended talks…
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Upgrade for Shopify; downgrades for AMD, Paramount By Investing.com
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Investing.com – Here’s a professional summary of the most important pieces of information Wall Street analysts said over the past week. InvestingPro subscribers always get the first take on rating changes that move the market. Advanced micro devices What happened? On Monday, Morgan Stanley downgraded Advanced Micro Devices (NASDAQ:) to…
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Ellison’s Latest Paramount Offer Has a $15-a-Share Sweetener
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(Bloomberg) — Movie producer David Ellison’s offer to Paramount Global includes an option for nonvoting shareholders to cash out a portion of their shares for about $15 a share, according to a person familiar with the matter. Most read from Bloomberg The offer, a roughly 26% premium to Friday’s closing…
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Revised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports By Reuters
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(Reuters) – Skydance Media last week revised its offer to Paramount Global to buy up to a certain number of non-voting Paramount shares at $15 each, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The new proposal values Paramount B shares at a roughly 26%…
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Charter brings Paramount+ to Spectrum TV customers in new carriage deal By Reuters
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(Reuters) – Paramount Global has signed a new multi-year content distribution agreement with Paramount Global. Charter Communications (NASDAQ:) for its entire portfolio of linear cable networks, the companies said Thursday. The two companies did not disclose financial terms of the deal, in which ad-supported versions of Paramount’s direct-to-consumer services, Paramount+…
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Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports By Reuters
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(Reuters) – Sony (NYSE:) Pictures Entertainment and Apollo Global Management (NYSE:) have signed nondisclosure agreements allowing them to look at Paramount’s books ahead of a potential bid to buy the movie studio’s assets, the New York Times reported Friday, citing people familiar with the material. The newspaper said that the…
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Paramount bidders await word from special committee evaluating options By Reuters
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By Don Chmielewski (Reuters) – A special Paramount Global board committee tasked with evaluating bids for the company met on Saturday morning, though rival bidders for the studio were awaiting word on next steps. Paramount ended its exclusive negotiations with Skydance Media without reaching an agreement on Friday, allowing the…