Former media executive Edgar Bronfman Jr., backed by private equity firm Bain Capital, has expressed interest in buying Paramount's controlling shareholder National Amusements, the Wall Street Journal reported Monday. Paramount's controlling shareholder National Amusements is weighing an offer from Skydance Media. REUTERS National Amusements did not immediately respond to a Reuters request for comment, while Bain Capital declined to comment. Edgar Bronfman Jr. is looking to offer between $2 billion and $2.5 ...

Chicago, IL – June 10, 2024 – Today, Zacks Equity Research discusses Disney (DIS) , Paramount Global (PARA) and Reservoir Media (RSVR) . Link:https://www.zacks.com/commentary/2285265/3-media-stocks-to-watch-from-a-prospering-industry Advertising remains a significant revenue stream for media industry participants. Additionally, the burgeoning metaverse presents a promising market for media companies to explore. Subscription prices present potential for growth, driven by an expanding subscriber base. However ...

Paramount Global controlling shareholder Shari Redstone received the fewest votes among other directors in the company's board election, a filing on Friday showed. The company has been grappling with a decline in its traditional television business, while the video streaming service it launched to capture viewers has yet to recover lost revenue. election to the board, the lowest out of the six candidates Getty Images Shari Redstone received 32.2 million votes for her Skydance CEO David Ellison reduced his i ...

Speculation abounds — that it may just be hard for Redstone to pull the trigger on a sale of the company her father built over decades, or that giving up mogul status is tough to do. She'll will be showing up at Allen & Co's annual Sun Valley retreat in July once again alongside Disney CEO Bob Iger, CAA's Bryan Lourd, OpenAI CEO Sam Altman, Meta's Mark Zuckerberg, Microsoft founder Bill Gates and more. With all this in the background, an awkwardly time annual meeting Tuesday saw Paramount's new CEO trio (Br ...

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Paramount Group (PGRE) and Omega Healthcare Investors (OHI) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets com ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...

Paramount Global executives revealed a plan to slash costs and find a partner for its streaming service — but shares fell nearly 5% Tuesday as hopes of a merger with Skydance Media dimmed. Shari Redstone, Paramount's controlling shareholder, rallied investors Tuesday morning at the company's annual meeting around an aggressive $500 million cost-cutting plan under the firm's trio of CEOs that would "drive value for all our shareholders" and allow the company to invest in "best-in-class content." The move wou ...

A town hall for Paramount Global employees originally scheduled to take place Wednesday has been delayed until June 25. In a note to employees obtained by Deadline, CEOs George Cheeks, Chris McCarthy and Brian Robbins recapped Tuesday morning's annual shareholder meeting and also noted the rescheduling of the town hall. "Given the ongoing speculation regarding potential M&A, we want to be able to speak to you with as much candor and transparency as possible. By moving the date, our hope is to do just that," ...

Factory Orders for April are projected to come in less than half of the previous month's tally. Today's consensus ahead of the report is +0.7%, versus +1.6% in March. At least these numbers are still to the positive: four months of the last 12 have posted negative factory order growth. Averaged out over that time, we see +2.1% factory orders growth. While still on the positive side of the graph, these numbers have thus far been consistent with a steadily slowing economy. Specialty retailer Bath & Body Works ...

Paramount Global shares slipped Tuesday after top executives laid out a sweeping restructuring plan that includes $500 million in annualized cost cuts — as the company's future remains murky amid talks of a potential merger with Skydance Media. The executives — CBS President and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios; and Paramount Pictures President and CEO Brian Robbins, — have led the company since the exit of former boss Bob Bakish in April, who left a ...