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The Latest Breaking News from Paramount Global

Freeze Frame | Next TV Summit Los Angeles 2023

Photos from the L.A. TV Week streaming-focused conference held June 20

Multichannel News

Tyler Perry Closes Deal To Purchase BET And VH1 From Paramount Global

Media giant Paramount has been exploring the sale of BET Media Group, which includes the cable networks BET and VH1.

Zenger

Stocks End Higher as a Jump in Jobless Claims Knocks Bond Yields Lower

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.50%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +1.27%. Stock indexes Thursday posted moderate gains, with the Dow...

Barchart

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Stocks Push Higher as Bond Yields Fall After U.S. Jobless Claims Jump

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.64%. U.S. stocks this morning are moderately higher. Strength in...

Barchart

Mega-Cap Tech Stocks Fall on Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.27%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed down -1.75%. Stock indexes Wednesday settled mixed. A jump in bond...

Barchart

Stocks Settle Mixed as Euphoria Over Debt-Ceiling Agreement Fades

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday was unchanged, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.15%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +0.40%. Stock indexes Tuesday settled mixed, with the Nasdaq 100 posting...

Barchart

Upfront Preview: Economy, Streaming, Measurement Make This Year’s Market Unique

Sports and unscripted play bigger role

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Paramount Global Shuts Down MTV News After 36 Years Of Broadcasting

MTV News viewership was defined by a Gen X and Millennials where the quality of journalism had progressed.

Zenger

MTV News shut down after 36 years on air amid major staff lay-offs

MTV News is set to shut down after 36 years on air as the channel's parent company, Paramount Global, has announced its plans to layoff 25 per cent of its work force due to financial pressures.

Daily Record

Paramount Cuts Kill a Beloved 80s Programming Institution

The news and entertainment stalwart is the latest victim of layoffs and cost-cuts.

The Street

MTV News shut down as Paramount Global cuts 25% of its staff

Paramount Global, the parent company of networks including Showtime, CBS and Nickelodeon is cutting some 25% of its staff. Among the units being shutdown as a result of the downsizing is MTV News.

WEKU

Paramount Pleased As It Concludes Round of Smaller Upfront Dinners

‘We’re not going back to the old way of doing things,’ says ad sales head John Halley

Broadcasting & Cable

Bad News All Around Makes Paramount Global’s Unusually Active Options an Intriguing Bet

Paramount Global’s earnings report Thursday was so bad; even Warren Buffett probably sold his stock. Down 28% on the day, it’s not surprising PARA options were unusually active.

Barchart

All 8 CBS-Owned The CW Affiliates Are Going Independent

Stations in Philly, Atlanta, San Francisco, other major markets make break from network

Broadcasting & Cable

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Broadcasting & Cable

Photo Gallery: 31st Annual B+C Hall of Fame

Happenings from on stage and behind the scenes at New York gala

StockNews.com

The Streaming Wars Continue With 3 Stocks Battling for Dominance in the Market - Are Any Worth Buying?

As the battle for market dominance in the streaming sector rages on, the lack of hit shows this year has put streaming companies on the back foot. So, will it be worth looking at streaming stocks Walt Disney (DIS), Paramount (PARA), and Roku (ROKU)? Read on to learn my view.

Barchart

Stocks Tumble as Liquidity Concerns Rout Regional Bank Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.72%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.37%. Stock indexes Thursday closed moderately lower, with the S&P...

Kiplinger

Stock Market Today: Stocks Slide as Regional Bank Rout Worsens

The major market indexes closed lower Thursday as chaos in the banking industry continued.

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Barchart

Stocks Undercut as Regional Bank Stocks Plunge

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.00%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.34%. U.S. stocks this morning are moderately lower, with the...

Broadcasting & Cable

Paramount Global Stock Plunges After Reporting $1.1 Billion Q1 Loss

Paramount Plus streaming service adds 4.1 million subscribers

Multichannel News

B+C Hall of Fame 2023: Ray Hopkins

President, U.S. Networks Distribution, Paramount Global

Cinemablend

Warner Bros. Discovery And Paramount Are In A $52 Million Dispute, And It's All Over South Park

South Park is in the middle of a $52 million dispute between Warner Bros. Discovery and Paramount, over streaming rights and original content.

Broadcasting & Cable

Paramount Sees Boost in Results From Campaigns Using VideoAmp Currency

Likelihood to convert up 11%

Los Angeles Times

Amazon's pricey spy drama 'Citadel' to get $25 million California tax credit

LOS ANGELES — Amazon Studios' big-budget spy thriller "Citadel" is set to become the highest-spending TV production to relocate to California in the history of the state's film and TV tax incentive program, as the technology behemoth shifts production from Britain for the show's second season.

The Guardian - US

Hollywood writers vote on strike: ‘At stake is the viability of TV as a career’

WGA union argues companies have ‘leveraged the streaming transition to underpay writers’

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