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First Paramount, now Apple. Buffett’s Berkshire sells shares of tech giant

Dan Niles, senior portfolio manager at SATORI Fund, talks about Apple’s outlook for 2024 on “The Craman Countdown.” Berkshire Hathaway sold some of its Apple shares. With the sale of just over 10 million shares, Warren Buffett’s conglomerate reduced its holdings in Paramount Global by 32% in the fourth quarter and made other portfolio adjustments. […]

Paramount+ parent talked with Comcast’s Peacock about streaming deal: report

Paramount Global recently held talks with Comcast about working together on a streaming deal. wall street journal reported on Friday, citing people familiar with the matter. According to the report, the two companies discussed a streaming partnership or joint venture between Paramount+ and Peacock, among several strategic options that Paramount was pursuing. The development comes […]

Warren Buffett’s Berkshire Hathaway shrinks Paramount stock holding

FOX Business’ Charlie Gasparino details Paramount’s cash flow problems on “Craman Countdown.” Berkshire Hathaway, the conglomerate run by billionaire investor Warren Buffett, has sold about 30.4 million shares from its investment in Paramount Global. The fourth-quarter move disclosed Wednesday was a 32% decrease from the approximately 93.7 million shares held by the conglomerate at the […]

Paramount Global Begins Mass Layoffs After CBS Scores Super Bowl Ratings Victory

How Paramount Global is celebrating Super Bowl ratings win over CBS? By laying off hundreds of employees. Paramount Global, which owns CBS, Paramount Pictures, Pluto TV, Comedy Central, BET and numerous other media properties, will lay off about 800 people, or 3 percent of its workforce, on Tuesday, according to an internal memo from its […]

CBS owner Paramount cuts 800 jobs two days after record-setting Super Bowl

CBS parent company Paramount Global plans to cut hundreds of jobs just days after broadcasting the most-watched Super Bowl in history, according to a report Tuesday. The job cuts will reduce the company’s workforce by about 3 percent, the Guardian reported. reportIt said staff were notified of the decision on Tuesday. “To those who have […]

Is Paramount+ down before the Super Bowl?

(NEXSTAR) — Super Bowl LVIII is scheduled to kick off at 6:30 PM ET in Las Vegas, but those trying to watch pregame on Paramount+ may encounter the unfortunate sight of a frozen screen. yeah. Paramount+ users are reporting problems accessing CBS’ streaming service starting around 5pm ET, when many wanted to watch the Super […]

Byron Allen offers to buy Paramount Global for $14B

Laura Martin, senior media and internet analyst at Needham & Company, discusses Netflix’s wild trading range ahead of earnings on Making Money. Inner mogul Byron Allen The company is making another bid to buy Paramount Global after its bid last year failed to gain traction. Allen Media Group has offered $14.3 billion to acquire Paramount […]

Paramount board mulls sale as Byron Allen submits $14B bid

Paramount has taken the first steps toward a potential sale of the entertainment giant, despite media mogul Byron Allen’s proposed $14 billion takeover bid, the Post reported. The company’s board has established an independent committee outside of Shari Redstone, the media heiress who owns a controlling interest in Paramount, to consider strategic alternatives, including a […]

David Ellison’s SkyDance Media wants to take Paramount take private

David Ellison's Skydance Media and its financial backers are reportedly considering a deal to take Paramount Global private. Skydance — the film and television studio run by Ellison, son of Oracle founder Larry Ellison — has exchanged preliminary information with Paramount. CNBC reported Wednesday night.said an anonymous source. Full due diligence has not yet begun, […]

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