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Search resuls for: ". Paramount Global"


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☆ Stocks making the biggest moves midday: PacWest, Western Alliance, Paramount Global & more
  + stars: | 2023-05-04 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
Paramount Global — The media stock cratered more than 27% after the company slashed its dividend and reported earnings that fell short of analyst expectations. Paramount Global cut is dividend to 5 cents from 24 cents a share, marking its first reduction since 2009. PacWest , First Horizon , Western Alliance — Regional bank stocks were under heavy pressure again on Thursday. Royal Caribbean — The cruise line advanced 6% after the company beat Wall Street expectations for the quarter. The company reported a wider overall loss than expected due to tax expenses related to an IRS settlement.
☆ Paramount Global Explores Sale of Majority Stake of BET Media Group
  + stars: | 2023-03-06 | by ( Jessica Toonkel | Joe Flint | ) www.wsj.com   time to read: 1 min
An episode of ‘Sistas’ on BET. Paramount Global is exploring a sale of a majority stake of BET Media Group, which includes the cable channel. Paramount Global is exploring a sale of a majority stake of BET Media Group, which includes the cable channels BET and VH1, people familiar with the matter said. The decision to consider selling a majority stake of the assets, which cater primarily to Black audiences, is part of the entertainment giant’s effort to shore up resources to bolster its flagship Paramount+ streaming service and its advertiser-supported free streaming platform Pluto TV, some of the people said.
☆ Paramount Global considers selling majority stake of BET Media Group, sources say
  + stars: | 2023-03-06 | by ( Alex Sherman | ) www.cnbc.com   time to read: +3 min
Paramount Global is considering selling a majority stake of BET Media Group, the owner of the BET cable network and studio, VH1, and the streaming service BET+, according to people familiar with the matter. While other assets at Paramount Global are closely intertwined with its flagship streaming service Paramount+, BET has its own streaming service, its own ad sales team, and an investment from actor and producer Tyler Perry. Selling a majority stake in BET Group would allow Paramount Global to get added capital to spend on programming for Paramount+ and Pluto TV, its free ad-supported streaming service. Paramount moved VH1 into BET Media Group in October. BET Media Group is run by BET CEO Scott Mills.
☆ Warner Bros Discovery posts quarterly loss after restructuring charges
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +3 min
Feb 23 (Reuters) - Warner Bros Discovery (WBD.O) Inc on Thursday posted a $2.1 billion loss in its fourth quarter, reflecting ongoing charges related to the restructuring of the merged media companies. Warner Bros Discovery reported a loss of 86 cents per share, versus expectations of a 21-cent-per-share loss. Warner Bros Discovery said the months-long merger-related restructuring, which resulted in thousands of layoffs and canceled film and television projects, is complete. Warner Bros Discovery also said it has paid down $7 billion in debt since April. Like other media companies, Warner Bros Discovery has yet to turn a profit on its HBO Max and Discovery+ streaming services, though the company has reduced losses from them.
☆ This week's best performers include Paramount Global and a little-known pharma stock
  + stars: | 2023-02-17 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
The average price target on West Pharmaceuticals implies downside of 7.2% over the next 12 months, and only one-third of analysts rate the stock as buy. Paramount Global also popped this week, gaining around 9% after the media giant said it would increase subscription prices for its Paramount+ streaming service . Just 21% rate it as buy, and the average price target implies downside of 13%. Three-quarters of analysts covering the pet medication maker rate it as buy, with the average analyst price target implying upside of 25.3%. Canaccord Genuity upgraded the stock on the back of those results, noting it has 30% upside from here.
☆ Top 10 things the Club is watching in the stock market Thursday: PPI hot, stocks drop, Cisco pops
  + stars: | 2023-02-16 | by ( Jeff Marks | ) www.cnbc.com   time to read: +4 min
The PPI data comes two days after a slightly hotter-than-expected consumer price index for last month. Cloud communications platform Twilio (TWLO) finally makes the pivot to emphasize profitability and the stock gets rewarded ... up 9% early Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
☆ Apple is looking for a top sales executive to spearhead a giant advertising push in sports and streaming. Here are 16 execs who could score the job.
  + stars: | 2023-01-19 | by ( Claire Atkinson | Lucia Moses | Lara O'Reilly | ) www.businessinsider.com   time to read: +15 min
Netflix also conducted a search before hiring two Snap executives, Jeremi Gorman and Peter Naylor, to lead its new ads business. XandrLesser, a longtime digital ad executive, has extensive experience working on issues around the future of digital marketing. McDonald has a ton of other digital ad sales and publishing experience. She helped launch Modi Media, ad buying giant GroupM's addressable TV business, before joining TV adtech startup Cadent. UnivisionValentino runs Disney's digital ad business as EVP, client and brand solutions.
☆ Disney board exposed itself to activist intervention, but Peltz may be overreaching
  + stars: | 2023-01-12 | by ( Alex Sherman | ) www.cnbc.com   time to read: +5 min
Disney's share price spike in 2021 was caused by the same phenomenon — investors charging into streaming services with significant subscriber growth. Activist investor Nelson Peltz spent about 30 minutes Thursday morning speaking with CNBC's Jim Cramer and David Faber in a wide-ranging interview about why he wants a Disney board seat. Now Iger's back, and the Disney board has tasked him with finding a successor in the next two years. It's a far easier case to be made that Disney's board and Iger have consistently bungled succession planning. As Trian noted in its presentation (on Slide 28), the Disney board extended Iger's retirement date five different times between October 2011 and December 2017.
☆ For your consideration: Warner-Discovery part two
  + stars: | 2022-11-03 | by ( Jennifer Saba | ) www.reuters.com   time to read: +3 min
The Warner Bros Discovery (WBD.O) boss has encountered a series of problems since his splashy merger in April. A giant pile of borrowed money used to help cover the cash outlay to AT&T (T.N) for Warner Media looms large. Warner Bros Discovery counts more than 90 million subscribers for services such as HBO Max, less than half as many as at Disney and Netflix. There might be another $3 billion in savings, using the same 20% of EBITDA targeted by Warner Media and Discovery. Its shares have fallen about 48%, to nearly $12 apiece, since the merger of Discovery with AT&T’s Warner Media on April 8.
☆ Stocks making the biggest moves in the premarket: Wynn Resorts, Petrobras, Hanesbrands and more
  + stars: | 2022-10-31 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +2 min
Petrobras (PBR) – The Brazilian state-run oil company's shares slid 8.5% in premarket trading after Luiz Inácio Lula da Silva defeated Jair Bolsonaro in the Brazilian presidential election. Hanesbrands (HBI) – The apparel maker received a double-downgrade at Wells Fargo Securities, which cut the stock's rating to "underweight" from "overweight." Wells Fargo is concerned about the company's debt position, as well as business headwinds that it feels are largely out of management's control. Wells Fargo said the original downgrade came amid concerns about cord-cutting and the rising cost of sports rights, and that the situation has worsened since then. Keurig Dr Pepper (KDP) – The beverage maker's stock fell 1.8% in premarket trading after Truist Securities downgraded it to "sell" from "neutral."
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