The Latest Breaking News from Paramount Global

The bid also covers a $400 million breakup fee, which would be necessary to terminate a competing agreement that Paramount Global had previously entered into.

Paramount Global also took a $6 billion write down ahead of its merger with Skydance Media.

September S&P 500 E-Mini futures (ESU24) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.03% this morning as market participants geared up for U.S. weekly jobless claims data and the next round of quarterly results while also awaiting remarks from a Federal Reserve official.

September S&P 500 E-Mini futures (ESU24) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.03% this morning as market participants geared up for U.S. weekly jobless claims data and the next round of quarterly results while also awaiting remarks from a Federal Reserve official.

As Paramount Global underperforms the broader market, Wall Street analysts remain cautious about the stock’s prospects.

Calling itself a 'conglomerate of financial institutions and financial services providers,’ the so-called ‘Apex Capital Trust’ convinced Bloomberg, Reuters, the Penkse Showbiz Trades and other big-name pubs that it made a rival $43 billion all-cash bid for Paramount

Veteran news anchor said ‘it’s time to do something different’ as she gears up for coverage of the presidential election for a seventh time

Deal covers CBS-affiliated TV stations in 42 markets owned by Nexstar and Mission Broadcasting; Paramount-owned stations in Miami and Detroit will become CW affiliates

Agreements are part of broader affiliation deal between Nexstar and Paramount Global