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Paramount Global (0VV.DU)
- Yahoo Finance Video
Paramount's CEO exit could weigh on Skydance deal: Analyst
Paramount (PARA, PARAA) is reportedly in advanced talks for its potential merger with Skydance, while the media company's CEO Bob Bakish is planning his departure. Third Bridge Group Sector Analyst Jamie Lumley joins Market Domination Overtime to discuss the outlook for this deal. Lumley highlights that the timing of the CEO transition "could potentially weigh on" whether the deal will go through. Examining Paramount's fundamental operations, Lumley notes that the company is trying to find the best way "to stabilize" its core business while also attempting to incorporate streaming revenue — emphasizing that whoever assumes the CEO role will have "a tough job" ahead. Regarding the likelihood of the deal going through, Lumley states, "It's tough to say." While the merger could potentially benefit shareholders, he notes that there has been "a lot of pushback" from regular shareholders. Lumley also expresses concerns that even if the deal proceeds, core challenges "could persist" given the absence of a "clear plan" to tackle these issues. When asked about potential regulatory concerns surrounding the merger, Lumley points out that the focus would be on what it means to "own and operate a network" — highlighting that "the ultimate ownership of CBS" would likely raise regulatory scrutiny. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Angel Smith
- Yahoo Finance Video
Paramount's 'glory days' are probably over: Brian Stelter
According to reports from The Wall Street Journal, Paramount Global (PARA) executives are considering the potential ouster of current CEO Bob Bakish. The report adds that Paramount Global Chairman Shari Redstone has lost confidence in Bakish. Vanity Fair Special Correspondent Brian Stelter joins The Morning Brief to give insight into the reports of the C-suite shake-up at Paramount and what it could mean for the company and its shareholders moving forward. Stelter questions the value of a leadership shake-up: "If you've been in this company for years, you know how far it's fallen. The glory days of MTV, Nickelodeon, and Comedy Central — can those days ever come back? Probably not. I think a lot of curiosity about what David Ellison would do, how would he unlock value? There are reports that he would bring in former NBCUniversal CEO Jeff Shell to run the company day-to-day, but what exactly would they be doing differently, so differently than Bob Bakish?" For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance
- Simply Wall St.
Paramount Global's (NASDAQ:PARA) Dividend Will Be $0.05
The board of Paramount Global ( NASDAQ:PARA ) has announced that it will pay a dividend on the 1st of July, with...
