Group 1 - Circana, Paramount, and iSpot announced a collaboration to provide "always-on" sales and conversion measurement for consumer packaged goods (CPG) advertisers starting in Q2 2025 [1][2] - This partnership aims to integrate real-time sales and conversion data across Paramount's portfolio, enhancing media transparency and precision for CPG advertisers [2][3] - Paramount becomes the first national television broadcaster to offer CPG advertisers insights into campaign effectiveness, including real-time household engagement and purchasing behaviors [2][3] Group 2 - The collaboration allows CPG advertisers to link in-store sales directly to their advertising investments across Paramount's broadcast, cable, and digital properties [3] - The integration of Circana's daily conversion data into iSpot's platform enables continuous performance data across campaigns, facilitating ongoing learning and optimization [2][3] - iSpot emphasizes that always-on attribution measurement at scale improves tracking and justifying investments, benefiting both buyers and sellers in the advertising ecosystem [3] Group 3 - Circana is recognized as a leading advisor on consumer behavior, providing insights that help brands and retailers unlock business growth [4] - iSpot is a trusted cross-platform TV measurement company that delivers real-time, actionable information for brands, networks, and agencies [5] - Paramount Global is a major media and entertainment company with a diverse portfolio, including CBS, Paramount Pictures, and streaming services like Paramount+ [6][7]

Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the **High Yield (HY) Telecom, Cable, and Media** sectors, highlighting the competitive landscape and investment needs that are affecting credit outlooks across these industries [11][67]. Core Insights and Arguments 1. **Cautious Outlook for HY Telecom and Cable**: The overall outlook for HY telecom and cable remains cautious due to intense competition and significant investment needs, which are expected to keep leverage elevated [11][67]. 2. **Media Sector Pressures**: The HY media sector faces secular pressures such as cord-cutting and macroeconomic uncertainties that may adversely impact advertising revenues this year [11][12]. 3. **Credit Spread Risks**: Risks to credit spreads are skewed to the downside, prompting recommendations for more defensive sector trades while identifying attractive relative-value buying opportunities [12][67]. 4. **CHTR HY/IG Differential**: Expectations for the CHTR HY/IG differential to decompress in 2025, with a recommendation to sell certain CHTR bonds while buying others to capitalize on this shift [14][17]. 5. **Debt Issuance and Leverage**: CHTR is projected to issue approximately $1.1 billion in net debt this year, with year-end 2025 pro forma net leverage expected to be around 4.25x [17]. 6. **Potential M&A Activity**: The call suggests that ATUS/CSCHLD might benefit from potential M&A activity, with recommendations to buy lower-dollar guaranteed notes [18][21]. 7. **SATS Opportunities**: SATS is highlighted for refinancing prospects and spectrum valuation, with specific trade recommendations for secured and unsecured notes [22][27]. 8. **LUMN's Mass Markets Segment**: A potential sale of LUMN's Mass Markets segment is seen as a catalyst for the company, with a valuation of approximately $6.6 billion [31][30]. 9. **SBGI vs. GTN Leverage**: SBGI's net leverage is expected to increase more significantly than GTN's in 2025, with specific trade recommendations to sell SBGI and buy GTN bonds [37][41]. 10. **CCO's High Leverage Risks**: CCO's high leverage presents downside risks, with expectations for spreads to widen due to macroeconomic uncertainties and investor fatigue [46][42]. Additional Important Insights - **Consolidation Trends**: The call notes that consolidation and M&A could increase as telecom and cable players seek to remain competitive and profitable [21]. - **Market Pricing Dynamics**: The market is currently pricing in hypothetical scenarios for various companies, indicating a complex landscape for credit assessments [72][70]. - **Strategic Uncertainties in Media**: The media sector is facing strategic uncertainties while waiting for direct-to-consumer (DTC) gains to outpace pressures from traditional linear models [73][74]. This summary encapsulates the key points discussed in the conference call, providing insights into the current state and future outlook of the HY Telecom, Cable, and Media sectors.

Industry Overview - The Zacks Media Conglomerates industry is facing challenges such as declining broadcast television ratings, reduced demand for home entertainment, and advertisers' cautious spending due to inflation and high interest rates [1][2] - Despite these challenges, there is a shift towards over-the-top (OTT) content, with major players investing in original content to attract younger audiences [1][2] Trends Impacting the Industry - Original content is driving growth as media companies adapt to consumer preferences for subscription services over traditional pay-TV [3] - The demand for high-speed internet is acting as a catalyst for growth, enhancing the consumption of high-quality videos and binge-watching trends [4] - The industry is experiencing a rapid evolution with the rise of streaming services, making it difficult for traditional media companies to retain viewers [5] Industry Performance Metrics - The Zacks Media Conglomerates industry ranks 179, placing it in the bottom 28% of over 245 Zacks industries, indicating dull prospects [6][8] - The industry has underperformed the broader Zacks Consumer Discretionary sector and the S&P 500, declining 6.2% over the past year compared to the sector's growth of 2.2% and the S&P 500's rise of 8.9% [10] Valuation Insights - The industry is currently trading at a trailing 12-month price-to-sales (P/S) ratio of 1.43X, significantly lower than the S&P 500's 4.83X and the sector's 1.68X [12] Company Highlights - **Pearson (PSO)**: Exhibited 3% underlying sales growth and 10% profit growth in 2024, with a focus on AI integration and strategic partnerships, projecting a strong outlook for 2025 [14][15][16] - **Paramount Global (PARA)**: Transitioning to a streaming-first model, added 5.6 million subscribers in Q4 2024, with a 16% revenue growth, and expects domestic profitability in 2025 [18][19] - **Reservoir Media (RSVR)**: Achieved 18% revenue growth in fiscal 2024, with a strong pipeline for future acquisitions, projecting revenues of $148-$152 million for fiscal 2025 [21][22]

Official First Look of Original Series Revealed TodayClick HERE to embed the clip and HERE for the logo.Share it: @Nickelodeon @NickelodeonFamilyBURBANK, Calif., March 11, 2025 /PRNewswire/ -- Humor and heart await in Nickelodeon's all-new 2D-animated series Wylde Pak, which follows the daily life of a blended multigenerational Korean American family. Inspired by co-creators and executive producers Paul Watling and Kyle Marshall's family life, the 26-episode comedy series follows half siblings Lily and Jack ...

PAW Patrol's Rocky Visits Rubble in Special Rubble & Crew Crossover Episode, Premiering Monday, March 10, at 10:30 a.m. (ET/PT)Share it: @Nickelodeon @NickelodeonFamily #RubbleAndCrew #PAWPatrol Click HERE for assets and HERE to embed a clip. BURBANK, Calif., March 3, 2025 /PRNewswire/ -- Nickelodeon and Spin Master Entertainment will keep the PAW-ty going this spring with the renewal of the global preschool hit PAW Patrol and its hit spinoff Rubble & Crew for additional episode cycles, and a brand-new spec ...

Start Time: 16:30 January 1, 0000 5:11 PM ET Paramount Global (NASDAQ:PARA) Q4 2024 Earnings Conference Call February 26, 2025, 09:00 AM ET Company Participants Jaime Morris - EVP of IR Brian Robbins - President and CEO Chris McCarthy - President and CEO George Cheeks - President and CEO Naveen Chopra - EVP and CFO Conference Call Participants Robert Fishman - MoffettNathanson Ben Swinburne - Morgan Stanley Michael Morris - Guggenheim Steven Cahall - Wells Fargo Kutgun Maral - Evercore ISI Operator Good aft ...

FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For fiscal year ended December 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-09553 Paramount Global (Exact name of registrant as specified in its charter) Delaware 04-2949533 (State or other jurisdiction of incorporation or org ...

Exhibit 99 PARAMOUNT REPORTS Q4 AND FULL YEAR 2024 EARNINGS RESULTS Strong Content Slate Drove Solid Top Line Results · Total Company Revenue Grew 5% for Q4 Continued Momentum in Streaming Strengthened Balance Sheet in 2024 In addition, Skydance transactions are expected to close in the first half of 2025 STATEMENT FROM GEORGE CHEEKS, CHRIS MCCARTHY & BRIAN ROBBINS, CO-CEOS We are proud of the transformative year we delivered since becoming Co-CEOs, which marks a significant turning point for Paramount as w ...

Paramount Global (PARA) is scheduled to report its fourth-quarter 2024 results on Feb. 26.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 10 cents per share, indicating a 16.67% increase in the past 60 days. The figure indicates a 150% surge from the year-ago quarter’s reported figure.The consensus mark for revenues is pegged at $8.14 billion, indicating a 6.59% increase from the year-ago quarter’s reported figure.P ...

Created by Grammy and Golden Globe Nominated Songwriter Freddy Wexler, Kid Cowboy is Set to Debut Friday, Jan. 24Share it: @Nickelodeon @NickelodeonFamily Click HERE to download assets and HERE to embed the trailer.HOLLYWOOD, Calif., Jan. 24, 2025 /PRNewswire/ -- Preschoolers will saddle up for a wild ride as Nickelodeon unveils Kid Cowboy, its first original animated series for YouTube, centering on a guitar-playing kid hero who champions for justice in a futuristic world. Debuting Friday, Jan. 24, on Nick ...