Paramount Global goes back to playing the field this week with two suitors still pursuing the company that has been surrounded by a highly public M&A drama for months. And it’s unlikely to end any time soon. The company reached the end of its 30-day exclusive negotiating window with Skydance Media on May 3 without […]

After months of M&A talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all. Insiders tell Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition. And Redstone […]

Amid Paramount Global’s removal of Bob Bakish as CEO and the ongoing uncertainty of a company sale, it was business as usual for the first quarter at the media conglomerate — which included a $1.3 billion charge for content write-offs as well as layoffs. Paramount Global reported Q1 2024 earnings Monday, announcing Bakish’s exit and […]

The three Paramount Global executives installed to run the company after Bob Bakish was removed as CEO sought to reassure employees that they have a long-term strategy. On Monday, Paramount Global said Bakish was stepping down as CEO and leaving the board. In his place, the company established an “Office of the CEO” committee led […]

The recent broadcast of Super Bowl LVIII boosted Paramount Global’s first quarter of 2024, stabilizing advertising revenue at its TV operations, as the company’s streaming operations added more than 3 million subscribers and cut losses there by more than 40%. Overall, Paramount narrowed its first quarter operating losses while seeing a 6% uptick in revenue, […]

As turmoil continues to surround the future of Paramount Global, details surrounding interim leadership and its proposed Skydance deal are coming to light, multiple sources told Variety. Sunday was a consequential day in Shari Redstone’s ongoing exclusive bargaining window with David Ellison’s Skydance, one that would see the Hollywood scion take majority ownership of Paramount […]

Amid the M&A drama enveloping Paramount Global, Bob Bakish is about to step down as CEO after eight years at the helm of Shari Redstone’s media empire. Bakish is expected to resign under pressure as early as Monday. The executive has been with Paramount and its Viacom predecessor since 1997. He was recruited by Redstone […]

Charter Communications is about to play a guest-star role in the corporate drama surrounding Paramount Global. As if Shari Redstone’s media empire wasn’t under enough pressure, Paramount Global now is in the final few weeks of its most recent carriage agreement with Charter, the nation’s second largest cable operator behind Comcast. The two companies are […]

Paramount Global and its parent company are moving closer to an agreement with Skydance Media for an exclusive window for acquisition negotiations as Shari Redstone and David Ellison inch toward a deal to bring their companies together in a three-way transaction. The New York Times on Tuesday reported on the rumors that have been swirling […]

The inevitable M&A question came toward the end of Paramount Global’s hourlong conference call with Wall Street analysts on Wednesday — a session that undoubtedly would have been more contentious for Paramount leaders if they hadn’t started out by serving up sacrifices for the greater good of free cash flow and profit. Paramount Global CEO […]

Paramount Global has chosen the nine writers who will participate in the Paramount Writers Mentoring Program for 2024-2025. Selected in the program’s 20th year are Jamil Akim O’Quinn, Wei Ling Chang, Adrian Colón Jr., Jai Franklin Sarki, Seth Harrington, Natalie Higdon, writing team Dijorn Moss & Trinea Moss and Nick Spates.  The Paramount Office of […]

Mega media merger mania is once again afoot in Hollywood with very, very early talks between Warner Bros. Discovery’s David Zaslav and Paramount Global’s Bob Bakish about a potential merger of the two companies. Analysts and industry sources have already raised a number of questions about what a WBD-Paramount combo would look like and the […]

Here we go again? Warner Bros. Discovery is flirting with the idea of acquiring Paramount Global. If a deal involving the Redstone empire comes to fruition, it would mark another transformative mega-merger for Hollywood legacy brands, following on the heels of Disney’s acquisition of 21st Century Fox in 2019, AT&T’s difficult marriage with Time Warner […]

CANNES – Paramount Global CEO Bob Bakish delivered a testimonial to the power of “new age” local and regional content licensing partnerships during a wide-ranging Q&A held Tuesday after the Viacom veteran was feted as Mipcom’s Personality of the Year. During the Q&A that followed the award presentation, Bakish batted down industry speculation about Paramount’s […]

Paramount Global has decided to no longer sell a majority stake in its BET Media Group. According to The Wall Street Journal, the company announced Wednesday that it would end the bidding process for the unit — which includes VH1 and BET Studios, streamer BET+ and the BET channel —because “a sale wouldn’t result in […]

The headlines coming out of CBS News will soon be guided by a new executive. Neeraj Khemlani, who arrived at the Paramount Global unit in 2021 to oversee CBS News and local stations along with Wendy McMahon, is leaving his role running the unit that produces “60 Minutes,” “CBS Evening News” and “Face The Nation,” […]

At last, even TV’s smallest viewers will have a reason to watch the Big Game. Paramount Global’s CBS is already scheduled to televise Super Bowl LVIII in 2024 from Las Vegas, and sister cable outlet Nickelodeon aims to get in on the scrimmage. The kids-focused outlet plans to show an alternate telecast of the pigskin […]