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Paramount will lay off 15% of its U.S. workforce
11:49am, Friday, 09'th Aug 2024
The company also took a $6 billion write down ahead of its merger with Skydance Media. Transcript: CONWAY GITTENS: Here's what we're watching on TheStreet today.
Paramount Global Stock Pops After Earnings, Job Cuts
10:30am, Friday, 09'th Aug 2024
Paramount Global (NASDAQ:PARA) stock is up 4.5% at $10.66 at last glance, after the streaming giant reported better-than-expected second-quarter earnings of 54 cents per share, though revenue missed e
Paramount Global to lay off 15% of its US workforce
10:01am, Friday, 09'th Aug 2024
Paramount Global will cut approximately 15% of its U.S.-based workforce in upcoming layoffs, co-CEO Chris McCarthy disclosed in an earnings call on Thursday.
Paramount To Cut 2,000 Jobs, Posts $6B Write-Down
09:15am, Friday, 09'th Aug 2024
Paramount Global (PARA) wrote down the value of its cable-TV networks by nearly $6 billion, a day after Warner Bros. Discovery (WBD) also took a massive charge, as streaming services like Netflix (N
Paramount jumps as steady streaming growth eclipses TV unit writedown
07:18am, Friday, 09'th Aug 2024
Paramount Global's shares jumped 6% premarket on Friday as investors cheered strong growth at the media group's streaming business, even as the company joined rival Warner Bros Discovery in writing do
Paramount cuts workforce, takes $6bn cable writedown
04:17am, Friday, 09'th Aug 2024
US entertainment conglomerate Paramount Global (NASDAQ:PARA) which owns CBS, Nickelodeon, Paramount+ and others, intends to reduce its workforce by 15% under a $500 billion cost-saving plan. The news
Paramount slashing thousands of jobs, writes down value of cable networks by $6B
06:55pm, Thursday, 08'th Aug 2024
The announcement comes a day after Warner Bros Discovery took a $9 billion write-down on its TV assets.
Paramount Global (PARAA) Q2 Earnings Surpass Estimates
06:20pm, Thursday, 08'th Aug 2024
Paramount Global (PARAA) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.10 per share a year ago.
Paramount Co-CEOs Say Talks Heating Up On Streaming Partnerships, Asset Sales Ahead Of Skydance Merger
05:57pm, Thursday, 08'th Aug 2024
The Paramount-Skydance merger is on track to close in the first half of 202 and “in the meantime, the Skydance and Redbird teams support our strategic plan and we are continuing to operate business
Paramount's direct-to-consumer segment turns a profit
05:26pm, Thursday, 08'th Aug 2024
CNBC's Julia Boorstin, Victoria Fernandez, Crossmark Global Investments chief market strategist and Charlie Bobrinskoy, Ariel Investments vice chairman, joins 'Closing Bell Overtime' to talk Paramount
Paramount Global Co-CEO Chris McCarthy Confirms Layoffs Of 15% Of U.S.-Based Workers
04:54pm, Thursday, 08'th Aug 2024
Paramount Global Co-CEO Chris McCarthy confirmed the long-expected layoffs hitting Paramount, saying the media company plans to cut its U.S.-based workforce by about 15%. Speaking on the company's sec
Paramount's TV networks are collapsing in a $6 billion hole
04:48pm, Thursday, 08'th Aug 2024
Warner Bros. Discovery just told investors its TV networks were worth $9 billion less than the company thought.
Paramount Global Q2 Earnings Highlights: Studio Posts Revenue Miss, DTC Segment Up 13%, Closing Date For Skydance Merger
04:32pm, Thursday, 08'th Aug 2024
Media company Paramount Global PARA PARAA reported second-quarter financial results after the market close Thursday.
Paramount Global revenue misses estimates as traditional pay TV continues decline
04:06pm, Thursday, 08'th Aug 2024
Paramount Global's revenue dropped 11% in the second quarter, the company's biggest miss relative to analyst estimates since February 2020. Revenue fell as TV licensing fees dropped 48%, compounding d
Paramount Takes $5.98B Write-Down At Cable Networks Ahead Of Skydance Deal In Latest Big Media Damage From Linear TV
04:04pm, Thursday, 08'th Aug 2024
Paramount Global has taken massive hit to earnings, booking a nearly $6 billion write-down as part of its second-quarter earnings, a day after Warner Bros. Discovery reported an even bigger charge.
