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The Latest Breaking News from Paramount Global

Showtime Sports Still Throwing PPV Punches With Benavidez-Plant Boxing Event (Q&A)

President Stephen Espinoza says programmer will remain aggressive in combat-sports arena

Multichannel News

3 Streaming Stocks You Want No Part Of

Streaming stocks faced a rough year in 2022 as subscriber growth slowed amid concerns about high inflation and macro uncertainties. Therefore, it could be wise to avoid fundamentally weak streaming stocks Warner Bros. (WBD), Paramount Global (PARA), and World Wrestling (WWE), given their weak fundamentals. Read more….

StockNews.com

Tyler Perry interested in buying majority stake in BET from Paramount, the network's longtime home

Producer and star Tyler Perry has expressed interest in buying a majority stake in BET as the television network's owner, Paramount Global, looks to bring on a substantial partner, according to two people familiar with the matter who were not authorized to comment.

Los Angeles Times

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Paramount to pay $122.5 million to settle lawsuit over CBS deal

Paramount Global has agreed to pay $122.5 million to settle a 3-year-old lawsuit brought by several large investment funds that believed the company pushed through the 2019 merger of Viacom and CBS at the expense of minority shareholders.

Los Angeles Times

Failed Attempt By Former Paramount Executives To Purchase Showtime Amid Fold Into Paramount+

Former Showtime Executives Have Failed Numerously After Offers For Showtime Were Rejected By Paramount Global

Zenger

Ten’s long-running dance with billionaires twists with a succession tango

Network 10 owner Paramount Global has seen turbulent years of succession drama and executive scandal. Now, Ten could be in for yet another new owner.

Crikey

Historic movie lot that gave Studio City its name to get $1 billion makeover

LOS ANGELES — Radford Studio Center, a storied movie lot in Studio City that has been home to generations of landmark television shows — including "Gunsmoke" and "Seinfeld" — is set to get a $1 billion upgrade to expand its facilities and bring them further into the digital age.

Los Angeles Times

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‘Verbal trickery’: Warner Bros Discovery sues Paramount for $200 million over South Park deal

Warner says it signed a contract in 2019 paying more than $500m for the rights to existing and new episodes of the irreverent show

The Independent UK

Warner Bros. Discovery sues Paramount over 'South Park' deal

Warner Bros

The Independent UK

Investors Race To Buy 9 Dividend Stocks That Are Still Paying Off

S&P 500 investors still like dividend stocks. But, they're being much pickier about them this year.

Investors Business Daily

Paramount Plus Adds Over 9 Million Subscribers Driven By The Most Prominent Content

The streaming market continues to be competitive as Paramount Plus competes with the big streaming platforms with quality content.

Zenger

Layoffs hit Showtime as Paramount overhauls 'Billions' brand

LOS ANGELES — Paramount Global continues to unwind its once-proud Showtime brand.

Los Angeles Times

Showtime to Be Renamed After Being Combined With Popular Streaming Platform

Paramount Global combines two streaming services and announces cancellations.

The Street

Trump sues Bob Woodward for $50 million

Lawsuit accuses journalist of "systematic usurpation, manipulation and exploitation of audio of President Trump."

Salon

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WEKU

Trump sues Bob Woodward for releasing audio of their interviews without permission

The former president has made good on his threat to sue the Washington Post reporter over his use of interview recordings. The lawsuit seeks nearly $50 million in damages.

The Guardian - US

Donald Trump sues Bob Woodward over The Trump Tapes for $50m

Washington Post reporter and publisher Simon & Schuster say lawsuit ‘without merit … we will aggressively defend against it’

The Street

CW Cancels Most of Your Favorite Shows, Makes Deal with Saudi-Backed Golf League

The widely condemned Saudi Arabian government is making a push into American television.

Bangkok Post

From CNN to Paramount, Media Firms Cut Jobs as Pressures Mount

An advertising slowdown, economic worries and strains of the shift to streaming have many major media companies in cost-cutting and layoff mode.

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Salon

Won't somebody think of Stephen King?

An unusual Justice Department strategy sank the merger of two publishing titans. Here are the real-world effects

AFP

Paramount says ending Simon&Schuster/Penguin deal after US antitrust ruling

New York (AFP) - Paramount Global on Monday officially dropped a plan to sell its Simon amp; Schuster division to rival publisher Penguin Random House after a US judge blocked the $2.2 billion deal on antitrust grounds.

Tribune News Service

Warren Buffett’s portfolio: Here are the stocks Berkshire Hathaway is buying or selling

Warren Buffett is arguably the world’s most famous investor, and his investment moves are closely followed. Each quarter, the company he runs, Berkshire Hathaway, discloses its current holdings to shareholders.

Los Angeles Times

CBS shake-up: Network has a new boss as cuts loom

Kelly Kahl, the respected head of the CBS television network for five turbulent years, will step down next month, clearing the way for veteran programmer Amy Reisenbach to succeed him.

The Street

Paramount Global Stock Tumbles On Q3 Earnings Miss, Ad Sales Slump

Softening ad sales, increased streaming competition and a surging U.S. dollar combined for weaker-than-expected third quarter earnings from Paramount Global.

The Street

Stephen King Scares Up Support for Ruling to Scrub Penguin Merger

The horror novel writer voices support for court ruling blocking a major publishing merger.

Benzinga

A Look Into Paramount Global's Debt

Over the past three months, shares of Paramount Global Inc. (NASDAQ:PARA) decreased by 20.18%. Before having a look at the importance of debt, let's look at how much debt Paramount Global has.

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