Paramount's Shari Redstone is open for business, but business may not be open for her
Publishing timestamp: 2023-10-22 08:00:01
Summary
The article discusses how Paramount Global's controlling shareholder, Shari Redstone, is open to a transformative deal but has not found the right one yet. The market conditions and challenges in the media industry make it difficult for large-scale transactions. Paramount Global has valuable assets but is facing declining revenue and losses in its streaming business. The article explores various options for Paramount Global, including a sale to Big Tech companies, a merger with another legacy media company, or divesting assets. The sentiment is mixed, with a focus on the challenges and uncertainties in the industry.
Sentiment: MIXED
Tickers: PARA, BRK.A, DIS, GOOGL, WBD, AMZN, CMCSA, AAPL, GOOG, BRK.B, FOXA,
Keywords: comcast corp, berkshire hathaway inc, alphabet class c, walt disney co, paramount global, breaking news: business, arts and entertainment, mergers and acquisitions, business news, shari redstone, warner bros discovery inc, technology, sports tv, fox corp. class a, movies, apple inc, amazon.com inc, alphabet inc, media, streaming services,
Source: https://www.cnbc.com/2023/10/22/paramount-shari-redstone-might-have-missed-deal-window.html