Paramount renews Jon Stewart's 'Daily Show' hosting gig, resolving speculation about his future and the media company's plans for the late-night showhttps://t.co/zH7UqNlwvF ...

RT Drop Site (@DropSiteNews)Leaked emails show Paramount-Skydance CEO David Ellison coordinated with ex–Israeli military chief Benny Gantz on a 2015 “Counter-BDS Initiative,” seeking “$1M each from twelve prominent Jewish philanthropists” to fund “state-of-the-art cyber technology as a soft weapon” and hire private intelligence firm Black Cube to spy on and sabotage activists. The archive, published by Handala and verified by Jack Poulson (All-Source Intelligence), shows Ellison offered help as a “core Amer ...

Investment Strategy - The firm is taking 3 strategic positions based on the "60 Minutes" interview with Trump [1] - The firm is heavily invested in SOY, with Paramount and Larry/Oracle being secondary, higher-risk investments [3] Investment Opportunities - SOY: Anticipates positive impact from renewed trade discussions with China and potential soybean purchases, considering it a "no brainer" below 70 cents [2] - Larry/Oracle: Speculates Trump's mention of Larry Ellison and his sons, along with David Ellison's acquisition of CBS, could positively influence the stock [2] - Paramount: Believes Trump will highlight Paramount's $16 million payment to him due to a lawsuit victory [2] Key Discussion Points - China and President Xi Jinping [3] - Venezuela [3] - Israel [3] - The U S government shutdown [3] - Immigration and use of the National Guard [3]

Welcome back. Keeping an eye on shares of Warner Brothers Discovery. Of course, it's in sale mode as we first told you.When was that. Was that just last week. I don't know.Time goes by, doesn't it. Um, but there it is up another three and a half%. A lot of enthusiasm perhaps around the idea that there is going to be more than one bidder.That bidder obviously having been paramount, which ended its uh previous approach at 2350 as we've uh reported. Um, and I can certainly tell you that there's plenty of activ ...

Industry Trend - Taylor Sheridan, creator of hits like "Tulsa King" and "Landman," is leaving Paramount [1] Leadership Change Impact - Tension with new CEO David Ellison's leadership team is a factor [1]

Financial Data and Key Metrics Changes - The company generated approximately $300 million in earnings for shareholders, achieving an 18% return on equity (ROE) [4] - GAAP net income was reported at $193.7 million, or $0.35 per diluted share, with an 11% ROE [14] - Earnings available for distribution (EAD) was $297 million, or $0.54 per diluted share, marking the 24th consecutive quarter where EAD exceeded dividends paid [14] - The book value at the end of the quarter was $12.83, totaling $7.1 billion [14] - Cash and liquidity on the balance sheet stood at $2.2 billion [14] Business Line Data and Key Metrics Changes - Genesis Capital originated $1.2 billion in loans during the quarter, a 60% increase year over year [16] - The mortgage company, Newrez, reported a pre-tax income of approximately $295 million, up 7% quarter over quarter and 20% year over year, with a 20% ROE [33] - Direct origination production for Newrez increased by 32% year over year [34] - The servicing business generated $260 million in pre-tax income, an 11% increase year over year [36] Market Data and Key Metrics Changes - The company ended the quarter with a balance sheet of $47 billion, with Sculptor managing $37 billion in assets under management (AUM), Crestline with $18 billion, and Paramount with a $7 billion portfolio [10] - The demand for office space in New York is over 90% leased, while San Francisco is in the low 70% range, indicating a recovery in demand [8][28] Company Strategy and Development Direction - The company announced two acquisitions: Crestline, a credit manager, and Paramount, a Class A office REIT, to expand its product offerings without raising equity in capital markets [5][7] - The focus remains on performance rather than assets under management (AUM), aiming to provide fewer managers with more products to limited partners (LPs) [6] - The company is exploring opportunities in the energy space and plans to close its first Evergreen ABF fund on a leading wealth management platform [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position, highlighting strong earnings and the potential for growth through acquisitions and product offerings [10][90] - The company aims to drive more fee-related earnings (FRE) to enhance its valuation and is focused on growing its asset management business [42][44] - Management acknowledged the competitive landscape but emphasized their disciplined approach to underwriting and servicing, which differentiates them from peers [66] Other Important Information - The company is now involved in the insurance and reinsurance business, which it intends to grow over time [25] - The average rent for the Paramount portfolio is approximately $85 per foot, with significant potential for rent increases [8] Q&A Session Summary Question: Update on broader strategic vision and timelines - Management believes the company is fundamentally attractive from a value standpoint and is focused on growing asset management business to drive revaluation [41][42] Question: Update on third-party capital for Paramount transaction - The company expects to raise approximately $950 million to $1 billion from third parties, with $300 million to $500 million from Rithm [45][46] Question: Options for growing Rithm Capital - Management is exploring direct lending options and may consider share buybacks if growth does not materialize [55][56] Question: Discussion on Ginnie Mae streamlined refinances - These loans are cheaper to produce, impacting the gain on sale margin [51][54] Question: Share buybacks as a tool for valuation - Management indicated that the focus will be on continued growth rather than share buybacks, especially given the recent acquisitions [80] Question: Fundraising outlook for Sculptor - Management is optimistic about sustaining the fundraising pace into 2026, with significant investments planned in capital formation [82][84]

Group 1: Big Tech Earnings - Google (GOOGL) experiences growth, while Meta (META) faces a tax charge impacting its performance [2] - Microsoft (MSFT) sees a decline after increasing its capital expenditure forecast for 2026 [2] Group 2: Federal Reserve Actions - The Federal Reserve reduces rates by 25 basis points and ends quantitative tightening, though another rate cut in December is uncertain [2] Group 3: U.S.-China Trade Talks - President Trump announces a reduction in tariffs from 20% to 10% on certain goods, including fentanyl [4] - China agrees to continue the flow of rare earth materials and critical minerals without controls [4] - China will begin purchasing significant amounts of U.S. agricultural products, including soybeans and sorghum [4] - Discussions are underway for China to engage with Nvidia (NVDA) regarding chip production [4] - China is set to purchase American energy, with potential large-scale transactions for oil and gas from Alaska [4] - A trade deal with China may be signed soon, with annual renegotiations expected [4] Group 4: Company Updates - Boeing (BA) delays the 777X program to 2027 and incurs a $4.9 billion charge [6] - General Motors (GM) plans to cut jobs in the EV sector and temporarily idle two battery cell plants [6] - Chipotle (CMG) faces challenges with soft sales and rising costs affecting margins [6] - Fiserv (FI) experiences a significant drop in stock price following a leadership shake-up and earnings miss [6] Group 5: Market Overview - Nvidia (NVDA) achieves a historic market cap exceeding $5 trillion [5] - Current market trends show declines in major indices and commodities, with crude oil priced at $60.09 [7]

Leadership Change & Potential Impact - Taylor Sheridan, creator of hits like "Tulsa King" and "Landman," is reportedly leaving Paramount due to tension with new CEO David Ellison's leadership team [1] - The departure of a key creator could impact Paramount's future content pipeline and strategy [1]

We're hearing these layoffs are just the beginning. You know, more cuts are expected to happen at a later date. This comes just months after the Trump administration approved its 8 billion merger with Skyance.It also comes as the company's CEO, David Ellison, continues to pursue a merger with Warner Brothers Discovery, CNN's parent company, confirming speculation that he plans to build a news and entertainment powerhouse that could reshape the media landscape. ...

Paramount began a planned round of job cuts involving 1,000 workers on Wednesday as part of an effort to slash $2 billion in costs following its August merger with Skydance Media. More cuts are expected at a later date. https://t.co/W3v29KoBu5 ...