Byron Allen submits $30 billion offer for Paramount Global, including debt
(Reuters) – Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global, including debt and equity, Allen Media Group said in an emailed statement to Reuters on Tuesday. Bloomberg…
Paramount narrows streaming loss forecast as investments peak
(Reuters) – Paramount Global shares surged 10% on Friday, after the media company narrowed the 2023 loss forecast for its fast-growing streaming business as investments peaked a year ahead of target. After…
Paramount says its investments in streaming have peaked, shares jump
By Chavi Mehta and Dawn Chmielewski (Reuters) -Paramount Global’s investments in its fast-growing but unprofitable streaming unit have peaked a year ahead of the target, the media company said on Thursday, sending…
KKR to buy Simon & Schuster for $1.62 billion from Paramount Global
(Reuters) – Paramount Global said on Monday it was selling Simon & Schuster to KKR & Co for $1.62 billion in an all-cash deal, marking the end of a years-long attempt to…
Pedestrian Safety Paramount to Cranford Police Department
Cranford, NJ – The Cranford Police Department has taken proactive measures to prioritize pedestrian safety in the town. Their Traffic Bureau summer maintenance personnel have been diligently working this summer to repaint…
Paramount Global cuts 25% of staff in its domestic cable networks – Bloomberg News
(Reuters) -Media company Paramount Global, looking to reduce costs as it merges its Showtime and MTV networks, is letting go about 25% of the staff in its domestic cable networks, Bloomberg News…
Paramount Global shares post record daily decline
NEW YORK (Reuters) – Shares of Paramount Global Inc, whose biggest stock holder is Warren Buffett’s Berkshire Hathaway, plunged lower on Thursday after the streaming giant cut its dividend and reported revenue…
Warner Bros Discovery sues Paramount over ‘South Park’ streaming rights
By Jonathan Stempel and Dawn Chmielewski NEW YORK (Reuters) – The rights to stream “South Park,” the popular animated comedy featuring foul-mouthed children, is the subject of a new lawsuit where Warner…
Paramount to raise streaming prices as ad slump knocks revenue
By Eva Mathews and Helen Coster (Reuters) -Paramount Global Inc will raise prices for its flagship streaming service in some markets this year, the CBS network owner said on Thursday, amid an…
Paramount Global projects fourth-quarter advertising revenue will decline from third quarter
By Helen Coster (Reuters) – Paramount Global expects its fourth-quarter advertising revenue to be lower than its third quarter advertising revenue, Chief Executive Officer Bob Bakish said at the UBS Global TMT…
South Africa’s Paramount receives orders for Mwari aircraft
PRETORIA (Reuters) – Private South African defence firm Paramount Aerospace Industries has received orders for nine of its Mwari aircraft – the first military aircraft to be designed and built in the…
Paramount Man Sentenced to 46 Months for Participation in “Heartbreakingly Evil” Grandparent Scam RICO Conspiracy
Assistant U. S. Attorney Oleksandra “Sasha” Johnson (619) 546-9769 SAN DIEGO – Jack Owuor, a resident of Paramount, California, was sentenced in federal court to 46 months in prison for participating…
Walmart enters streaming deal with Paramount+ in race with Amazon
(Reuters) -U.S. retailer Walmart Inc on Monday struck a deal with Paramount Global to offer Paramount+ streaming service to the subscribers of its membership program in a push to better compete with…
Walmart held talks on streaming deal with Disney, Comcast and Paramount- NYT
(Reuters) – Walmart Inc has held talks with media companies about including streaming entertainment in its membership service, the New York Times reported on Tuesday, citing people with knowledge of the conversations.…
Paramount, Moonves settle CBS shareholder #MeToo class action for $14.75 million
By Daniel Wiessner (Reuters) – Paramount Global has agreed to pay $14.75 million to shareholders of the former CBS Corp in a proposed class action claiming the company’s failure to disclose sexual…
PLATINUM EQUITY PORTFOLIO COMPANY PARAMOUNT GLOBAL SURFACES ACQUIRES STONE SOURCE
Acquisition of National Tile and Stone Distributor Strengthens PGS Offering in Growing Commercial Flooring Market LOS ANGELES and MIAMI, April 1, 2022 — Platinum Equity portfolio company Paramount Global Surfaces (“PGS”) announced today…
Breaking News
