Paramount (PGRE)

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Paramount infighting stalls Shari Redstone's push to settle $20B Trump suit: ‘Decision constipation'
New York Post· 2025-05-21 23:40
Core Viewpoint - Paramount, controlled by Shari Redstone, is considering a settlement in a legal dispute with President Trump over alleged deceptive editing of a "60 Minutes" interview, but internal conflicts are delaying the decision [1][3][6]. Financial Implications - Paramount is reportedly willing to spend up to $50 million to settle the $20 billion lawsuit filed by Trump, which is affecting Redstone's plans to sell Paramount and its CBS News subsidiary to Skydance for $8 billion [2][17]. - If the sale goes through, Redstone and her family could receive approximately $2 billion, a significant drop from Paramount's previous valuation of nearly $40 billion [20]. Internal Conflicts - Infighting within Paramount has led to indecision regarding the settlement, with management and board members experiencing "decision constipation" due to conflicting advice [5][11]. - There is significant internal pressure against settling, with some arguing that it would undermine press freedom and be seen as capitulating to Trump's demands [6][7][10]. Legal Context - The Trump lawsuit is viewed as a critical factor in facilitating Redstone's planned sale to Skydance, as regulatory challenges from Trump's administration are complicating the merger [17][18]. - A federal judge has refused to dismiss the case, and even a potential victory on First Amendment grounds could incur costs exceeding $50 million in legal fees [13][19]. Industry Reactions - Prominent figures, including Senator Bernie Sanders, have publicly urged Redstone not to settle, framing the lawsuit as an attack on press freedom [10]. - Settling with Trump would align Paramount with other media companies that have previously paid him to resolve legal disputes [19].
INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in Paramount Group, Inc. to Contact Law Firm
Prnewswire· 2025-05-21 22:14
NEW YORK, May 21, 2025 /PRNewswire/ -- Moore Law, PLLC, a shareholder litigation law firm located on Wall Street, is investigating potential claims against: Paramount Group Inc. (NYSE: PGRE) Shareholders should email [email protected]; please contact only if shares acquired before 2022 The investigation concerns a Wall Street Journal article outing Chief Executive Albert Behler for tapping company coffers to the tune of $4,000,000.00 to fund his personal expenses and business interests and his wife's busin ...
Paramount Ad Slump, Streaming Losses Prompt Analyst To Cut Price Forecast
Benzinga· 2025-05-21 19:38
JPMorgan analyst David Karnovsky maintained Paramount Global PARA with an Underweight and lowered the price target from $11 to $10 on Wednesday.Last week, Karnovsky held fireside chats with thirteen companies at JPMorgan’s Global TMC Conference in Boston. The analyst covered key short-term and long-term takeaways across live entertainment, ad agencies, outdoor advertising, digital publishing, and broadcasting, including some themes emerging from first-quarter earnings.Karnovsky noted that PayTV declines con ...
Paramount Stock Analysis: Buy, Hold, or Sell?
The Motley Fool· 2025-05-21 10:15
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
US senators warn Paramount's Shari Redstone that settling Trump's CBS lawsuit could be ‘bribery'
New York Post· 2025-05-20 17:49
Core Viewpoint - Paramount Global is under scrutiny from US senators regarding its negotiations to settle a $20 billion defamation lawsuit filed by President Trump against CBS News, with concerns that such a deal may violate US anti-bribery laws [1][2]. Group 1: Legal and Regulatory Concerns - Senators Elizabeth Warren, Ron Wyden, and Bernie Sanders have expressed concerns that Paramount may be engaging in improper conduct with the Trump administration in exchange for merger approval with Skydance Media [2][4]. - The lawsuit originates from a 2024 "60 Minutes" interview with then-Vice President Kamala Harris, which Trump claims was edited to favor her, a claim CBS has denied [5][6]. - The senators are requesting detailed information about any concessions discussed with Trump and any internal decisions affecting CBS programming, particularly "60 Minutes" [4][5]. Group 2: Corporate Governance and Management Changes - Shari Redstone, chair of Paramount Global, is reportedly eager to settle the lawsuit, which could impact the proposed $8 billion merger with Skydance Media, from which she stands to gain approximately $2 billion [7]. - Wendy McMahon, CEO of CBS News, resigned amid internal tensions regarding the handling of the Trump lawsuit, indicating a potential shift in corporate strategy [10][13]. - McMahon's departure follows that of Bill Owens, a longtime executive producer of "60 Minutes," raising concerns about editorial independence within CBS [16][20]. Group 3: Audience and Ratings Context - CBS's evening news program is currently averaging fewer than 4 million viewers, trailing behind competitors ABC and NBC, which have significantly higher viewership [17].
Paramount ousts CBS News CEO Wendy McMahon amid divide with leadership
CNBC· 2025-05-19 17:26
CBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest twist in a growing battle of wills between the company's news division and Paramount Global controlling shareholder Shari Redstone.Paramount Global co-CEO George Cheeks had a discussion with McMahon Saturday and asked for her resignation, according to people familiar with the matter. McMahon agreed to step down, and the Paramount Global board held a meeting Sunday at which members were made aware of the decision ...
Paramount Resources: Long-Term Strategy Summarized
Seeking Alpha· 2025-05-18 09:04
Group 1 - The first quarter report of Paramount Resources summarizes the company's long-term strategy, including the sale of the majority of its production [2] - The oil and gas industry is characterized as a boom-bust, cyclical industry, requiring patience and experience for successful investment [2] Group 2 - The analysis provided in the article focuses on identifying undervalued companies within the oil and gas sector, examining their balance sheets, competitive positions, and development prospects [1]
CBS News quietly trims staff ahead of expected mass layoffs at struggling parent company Paramount Global: sources
New York Post· 2025-05-15 18:26
CBS News quietly slashed three high-level positions ahead of a major round of layoffs across parent company Paramount Global that is expected to kick off this summer, The Post has learned.The embattled Tiffany Network — which has seen ratings plunge at its morning show and evening news program, and is being sued by President Trump for $20 billion over the controversial “60 Minutes” interview with Kamala Harris — fired two CBS News bureau chiefs and a senior executive on Wednesday, sources said.Andre Rodrigu ...
Paramount's Super Bowl Boost And Studio Strength Help Offset Streaming Miss: Analyst
Benzinga· 2025-05-12 19:14
Goldman Sachs analyst Michael Ng remained Not Rated on Paramount Global PARA PARAA on Friday.Revenue of $7.19 billion beat Ng and consensus estimate of $7.04 billion and $7.1 billion.Adjusted OIBDA of $688 million beat $652 million and $666 million Ng and consensus estimate driven by a broad-based beat across DTC, TV Media, and Film.Also Read: Paramount Faces PayTV Declines, But Streaming And Licensing Gains Prompt Analyst Estimate RevisionsTV Media advertising was flat on an underlying basis on Super Bowl ...
Paramount: Nice Q1 Beat Yet To Stir Mr. Market; Skydance Deal Still Seen As Question Mark
Seeking Alpha· 2025-05-11 16:06
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