The Good Brigade/DigitalVision via Getty Images Things are getting really interesting when it comes to entertainment giant Paramount Global (NASDAQ:PARAA) (NASDAQ:PARA). Shares have been shooting up and pulling back over the past couple of days as opportunity arises because of a new bid to acquire the business, and as concerns over whether or not that…
Paramount Group, Inc. (NYSE:PGRE) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Tom Hennessy – Vice President of Business Development and Investor RelationsAlbert Behler – Chairman, President and Chief Executive OfficerPeter Brindley – Executive Vice President and Head of Real EstateWilbur Paes – Chief Operating Officer and Chief Financial Officer…
The Paramount turtle is inching closer to the finish. tirc83/E+ via Getty Images Shari Redstone is finally willing to sell – but the exact terms matter Until recently, even the very hypothesis that Shari Redstone might not sell after all was not totally out of the question. Today, it looks pretty certain to me that…
David McNew Above: Will Shari open the legacy gates to PARA at the present deal bids? There are three sides to every story: my side, your side and the truth, And no one is lying… – Robert Evans movie mogul (1930-2019) The above mote of wisdom emanated from one of the most successful survivors of…
bjdlzx Paramount Resources Ltd. (OTCPK:PRMRF) management recently adjusted guidance to account for weather, a divestiture, and a shut-in of dry gas production until natural gas prices improve. But this cash flow machine still has growth plans in place. That shut-in natural gas production will be back at some point in the future. In the meantime,…
Paramount Global (NASDAQ:PARA) Morgan Stanley Technology, Media and Telecom Conference March 6, 2024 11:00 AM ET Company Participants Naveen Chopra – Executive VP & CFO Conference Call Participants Benjamin Swinburne – Morgan Stanley Benjamin Swinburne Good morning, everybody. I’m Ben Swinburne, Morgan Stanley’s media and entertainment analyst. A quick disclosure, please note that important disclosures,…
simpson33 On 31st Jan 2024, Byron Allen announced its intention to make an offer for Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), worth ca. $30bn including debt. Byron, get in line. The media tycoon is joined in the group of interested parties by David Ellison’s Skydance Media, Apollo Global Management, Warner Bros. Discovery (WBD) and Apple (AAPL) –…
Merkuri2 Shares of Paramount Global (NASDAQ:PARA) have been on the rise in recent months on rumors that the company could be sold or merged with one of its competitors. While there’s no clarity about what’s going to happen next, we could assume that the worst for the company is likely behind it. While the rumors…
Tero Vesalainen By Breakingviews Merger talks between Paramount Global (PARA) and Warner Bros. Discovery (WBD) set the scene for future M&A drama. But if Paramount is in play, it’s not clear that WBD boss David Zaslav, or his $28 billion entertainment empire, are best suited for the leading role in a potential deal. Zaslav and…
Erik Khalitov/iStock Unreleased via Getty Images Every year around this time we begin to see story upon story “predicting” what the new year may bring in various fields. One of the more popular is in the world of media where there is no shortage of juicy rumors just begging for coverage. However, this year before…
The media shake-up has intensified amid changing advertising trends fueled by the rise of X platform backed by tech billionaire Elon Musk. Warner Bros Discovery Inc (NASDAQ: WBD) and its media rival company Paramount Global (NASDAQ: PARA) are reportedly in early merger talks, according to people familiar with the matter. The two media houses intend…
Bryan Bedder/Getty Images Entertainment It has been a long and painful journey for Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) shareholders. Since the 2021 momentum bubble, driven by nothing but hot air and one hedge fund leveraging funds to the max, things have looked glum. Data by YCharts That chart should bring to the forefront the popular saying…
Frazer Harrison Shares of Paramount Global (NASDAQ:PARA) have had a rough 12 months, losing around a quarter of their value despite a very welcome rally post-Q3 results. Source: Seeking Alpha Of course, Paramount isn’t alone in its struggles. All the legacy media giants are in a state of flux these days, as not only do…
bjdlzx Paramount Resources (OTCPK:PRMRF) (TSX:POU:CA) long ago sold most of its dry gas production and then used the proceeds to purchase Apache Canada. This was a division of Apache (APA). In the roughly six years since that purchase, long-time readers know that this company has gotten that purchase price back several times over as I…
Eamonn M. McCormack/Getty Images Entertainment Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) hit a 52-week low on Friday, September 1 (perhaps in part because of a warning by media insider Barry Diller). That price point was $13.62 (for PARA), and the 13-handle finds itself versus a 25-handle for the 52-week-high. Here’s a chart of the stock: Data by…
franckreporter This year’s most significant market trend is likely the collapse of many office REITs. Top office REIT indices remain around the same levels they crashed to during the 2008 recession. Vornado (VNO), a prominent New York office REIT, is racing to sell numerous properties in an effort to improve waning liquidity levels. Currently, all…