Paramount Global is contemplating a joint venture for its streaming service and considering job cuts amid escalating sale talks. The company's top executives detail a restructuring plan, aiming for $500 million in annual savings. Shari Redstone, the controlling shareholder, is evaluating a potential merger with Skydance.
Steven Paul, one of the people vying to take control of Paramount Global, is a friend of the company’s board chair, Shari Redstone, and has an office on the Paramount lot https://t.co/yVEpe5oZOF
Shari Redstone receives fewest votes in Paramount board election as Skydance drama drags on https://t.co/GaTpK8Qzg3 https://t.co/uGdmJ7npls
CBS Chief George Cheeks Talks Paramount Global Uncertainty, Traction for ‘Tracker’ and the Future of Broadcast TV https://t.co/ckXuHGBjjY
Paramount's Shari Redstone Juggling Skydance, Other Suitors As Deal Saga Continues https://t.co/8zQ8uqV7qX
CBS Chief George Cheeks Talks Paramount Global Uncertainty, Traction for 'Tracker' and the Future of Broadcast TV https://t.co/9YmfM7IIcY
Paramount Global Co-Chief and CBS Chief George Cheeks touts prowess of NCIS around globe and as streaming platform hit for Netflix. Here's story WSJ did on the biz side of the franchise last year. https://t.co/rPuYWoKx6Q via @WSJ
Paramount Global Co-CEO George Cheeks notes at Variety conference that CBS News was first to launch a streaming product but felt it was a little too far away from the CBS News brand. Efforts to not push as separate product but integrated with CBS News and the talent there.
Paramount Global Co-CEO George Cheeks notes that CBS News was first to launch a streaming product but felt it was a little too far away from the CBS News brand. Efforts to not push as separate product but integrated with CBS News and the talent there.
Paramount Global Chief (and CBS chief) George Cheeks at Variety conference touts those older viewers with bucks. Challenge is finding shows that work with them and younger audiences watching their shows on streaming.
"Yes there is tumult, yes we don't know what's happening" -- Paramount Global Co-CEO George Cheeks at Variety conference on current state of company as it waits to see what happens with possible deal with SkyDance.
Paramount Global Co-Chief George Cheeks says at Variety conference says the troika of him, Brian Robbins and Chris McCarthy stay out of each other's fiefdoms. Cheeks says what's important to remember is we need to "move with speed."
Paramount Global Co-Chief George Cheeks at Variety TV conference says he and other co-CEOs trying to strengthen balance sheet and redefine the company to focus on building "big mass hits."
George Cheeks — Co-CEO, Paramount Global, President & CEO, CBS — poses for photos at #VarietyTVFYCFest. https://t.co/39uqKco0se
Skydance and Paramount agreed to terms of a supposed merger at their recent shareholder's meeting if a sale doesn't happen. https://t.co/W9y1VxXYya
Reuters says that Shari Redstone is unhappy with lower offer for control shares $PARA. Well then she shouldn't have fired her CEO and waited a year to make a decision. Nitwit! $PARAA
Reuters says that Shari Redstone is unhappy with lower offer for control shares $PARA. Well then she shouldn't have waited a year to make a decision. Nitwit! $PARAA
Paramount Global’s new trio of co-CEOs laid out their vision for the Hollywood studio as the controlling shareholder, Shari Redstone, mulls a sweetened takeover offer from a buyer consortium led by Skydance and RedBird Capital. https://t.co/zS97jhcSZj
Paramount CEOs Plan to Explore Paramount+ Partner Despite Skydance Offer, trio of George Cheek, Chris McCarthy and Brian Robbins tout $14 billion brands at embattled entertainment conglomerate. https://t.co/Ii5PRnW35B
Paramount Global shares drop after annual meeting as hopes of merger with Skydance fade https://t.co/LBvievvfeF via @nypost
Paramount Global shares drop after annual meeting as hopes of merger with Skydance fade https://t.co/T2I7IqgaUA https://t.co/V2ZydiKbOb
Paramount Co-CEOs Postpone All-Hands Meeting Because of ‘Speculation Regarding Potential M&A’ https://t.co/SmZL1rtCij via @variety
Paramount Global Town Hall Delayed After Skydance Offer, Co-CEOs’ Shareholder Presentation https://t.co/jy7lY0CMBa
PARAMOUNT GLOBAL, THE PARENT OF CBS AND MTV, IS CONSIDERING JOINT-VENTURE OPTIONS FOR ITS STREAMING SERVICE AND HAS IDENTIFIED $500 MILLION IN ANNUAL SAVINGS TO BOOST PROFITABILITY EVEN AS IT PREPARES FOR A PROBABLE SALE.
Paramount Postpones Employee Town Hall as M&A Questions Swirl https://t.co/QnG6EdEEDb
$PARA | Paramount Global Co-CEOs Say They Are Rescheduling Wednesday Town Hall To June 25, Citing 'Ongoing Speculation Regarding Potential M&A'
As Paramount Global controlling shareholder Shari Redstone mulls the terms of a merger between her conglom and Skydance, the network/studio/streaming service trotted out their best and brightest CEO troika this early AM in annual global stockholders meet to tout their hit parade… https://t.co/Hc2A15GcwM
Shari Redstone leaves investors guessing as Paramount and Skydance agree merger terms https://t.co/yM6egzBJ0q
Paramount shares drop as top execs unveil $500M cost-cutting plan amid Skydance talks https://t.co/xoClqchPFa https://t.co/9PLdvWBiFk
The Plan to Save Paramount: More Layoffs and Another Streaming Bundle https://t.co/uMY8x3SA3U
Paramount Global's top execs detail restructuring plan; $PARA falls https://t.co/LWoOVLKyOU
Amid Skydance Offer, Paramount Global CEO Trio Trumpet 14 Billion Dollar Brands, Plans To Explore Streaming Joint Ventures https://t.co/PSaQytV4t9
Paramount said it’s considering joint venture options for its streaming service https://t.co/QCs6V9JaPH
Amid Skydance Offer, Paramount Global CEO Trio Trumpet $14 Billion Brands, Plans To Explore Streaming Joint Ventures https://t.co/PSaQytV4t9
Shari Redstone could make a decision on Paramount's future as early as today. While we wait, I ask @sarafischer to break down why she might finally sell: https://t.co/M0tmyoPljQ
NEW: Paramount mulls streaming JV, plans job cuts as sale talks escalate https://t.co/DsHSgujzIy
Paramount mulls streaming JV, job cuts as merger talks loom https://t.co/ocAV3uBfLY