VIACOM INC NEW (VIAB) Stock News
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VIAB Latest News, Press Relases and Analysis
Bob Bakish was ousted by Paramount after clashing with Shari Redstone and he still got rewarded with a $69.3 million golden parachute
Bakish earned $86.96 million in 2024, up from $31.3 million the year prior.
Paramount’s Trio of CEOs to Be Trimmed After Ellison Merger
David Ellison plans sweeping changes at Paramount Global, including cuts at the company’s TV networks, billions of dollars more for streaming and an overhaul of top management, according to people familiar with his plans.
Mentions: CBS
Paramount Board Director Charles Phillips to Resign After Sale
Paramount Global board member Charles Phillips is resigning after the company agreed to merge with Skydance Media.
Paramount Merger Is Latest Prize for RedBird Dealmaker Cardinale
David Ellison’s agreement to acquire Paramount Global owes much to the negotiating skills of investor Gerry Cardinale, his partner in the deal.
Paramount General Counsel Is Leaving the Company
Paramount Global General Counsel Christa D’Alimonte is leaving after nearly 12 years with the company, part of the latest round of cost cutting at the TV and film giant.
Paramount Global chief Bob Bakish exits amid scramble to agree merger
Bakish’s departure confirmed as Paramount continues talks with Skydance Media over proposed tie-up
A Looming Question for Paramount’s Board: How to Navigate Shari Redstone
The board of directors has to walk a fine line, looking out for investors without running afoul of Ms. Redstone, the company’s most influential shareholder.
They are TV's ghosts — networks that somehow survive with little reason to watch them anymore
The list of memorable characters and personalities who entered popular culture through cable television is long: Honey Boo Boo. Few cable and satellite networks are a force anymore, the byproduct of sudden changes in how people entertain themselves. Several have lost more than half their audiences in a decade.
Mentions: VIA
Disney, Reliance merge Indian TV and streaming assets (NYSE:DIS)
India's Reliance Industries and Walt Disney (DIS) on Wednesday said they would merge their India television and digital streaming assets. Read more here.
Disney teams with India’s Reliance Industries to form $8.5 billion streaming JV for India market
Walt Disney Co. announced Wednesday an agreement with India’s Reliance Industries Ltd. Viacom 18 Media Private Ltd. to form a joint venture that merges the...
Taking this one extra step after a job interview can pay off—'hardly anyone' does it, says career coach
After a job interview, you'll want to send a thank you email to the people you spoke with. But sending a physical thank you note can go a long way, too.
Mentions: VIA
RPT-Ambani's Viacom18 to strike deal with Blackstone for new Mumbai HQ - sources
Indian billionaire Mukesh Ambani's broadcasting unit Viacom18 is set to sign a lease deal with Blackstone-owned Nucleus Office Parks for its new headquarters in Mumbai, spread over 400,000 square feet, six sources familiar with the matter said. Viacom, which runs TV channels and digital streaming platform JioCinema, competes with the likes of Walt Disney in India. Its new headquarters will be spread across roughly eight floors spread across the "One International Center" complex in Mumbai's business district of Lower Parel.
Ambani's Viacom18 to strike deal with Blackstone for new Mumbai HQ - sources
Indian billionaire Mukesh Ambani's broadcasting unit Viacom18 is set to sign a lease deal with Blackstone-owned Nucleus Office Parks for its new headquarters in Mumbai, spread over 400,000 square feet, six sources familiar with the matter said. Viacom, which runs TV channels and digital streaming platform JioCinema, competes with the likes of Walt Disney in India. Its new headquarters will be spread across roughly eight floors spread across the "One International Center" complex in Mumbai's business district of Lower Parel.
Atlantic, Pacific Are Simultaneously Churning Up Storm Chaos: Weather Watch
Storms across the Atlantic and Pacific are on Bloomberg Green’s radar today.
Mentions: VIA
Women Basketball Players Have Been Stuck Playing in Men’s Shoes
For Courtney Williams, a guard for the WNBA’s Chicago Sky, breaking in her shoes to get them to fit properly and avoid injury has been a ritual for her entire playing career.
Mentions: VIA
Kylie Jenner Considers Buying Back Coty’s $600 Million Stake in Her Makeup Brand
Kylie Jenner has explored taking back ownership of the cosmetics line she sold to Coty Inc. three years ago, according to people familiar with the matter, a sign of how the relationship between one of the world’s largest beauty companies and one of entertainment’s most famous families has become strained.
Niger’s Junta Orders Police to Expel French Ambassador
Niger’s military leadership ordered the police to expel the French ambassador after President Emmanuel Macron’s administration rejected an Aug 28. deadline for its representative to leave the country.
Mentions: VIA
Job Market Cools Further in Canada With Vacancies Falling Again
Canada’s job market is showing more signs of softening, with job vacancies dropping to their lowest level in more than two years.
Mentions: VIA
Iran’s Oil Exports Surge in August Even With Final Week Dip
Iran’s oil exports ballooned in August, even though they didn’t maintain the pace set in the first part of the month.
Mentions: VIA
Stagflation Dangers Stalk Europe as Markets Eye End to Hikes
The recurring nightmare for European policymakers that their economies will become crippled by inflation-impaired lethargy just won’t go away.
Mentions: VIA
Qatar’s Economy Stalls After Last Year’s World Cup and Gas Boom
Qatar’s economy slowed during the first three months of the year as lower energy prices and an end to a construction boom proceeding last December’s World Cup took a toll on the Gulf country.
Mentions: VIA
Key US Inflation Measures Post Modest Gains While Spending Jumps
The Federal Reserve’s preferred measure of underlying inflation posted the smallest back-to-back increases since late 2020, encouraging a burst of consumer spending and feeding growing expectations that the economy can avert a recession.
Mentions: VIA
Ambani’s Viacom Pays $721 Million for Indian Cricket Rights
Viacom 18 Media Pvt Ltd., the joint venture between Mukesh Ambani and Paramount Global, secured the five-year media rights to the Indian national cricket team’s home matches as Asia’s richest man tightens his grip on viewership of the country’s most popular and lucrative sport.
BAE Explores Using Fighter-Jet Technologies for New Space Gear
BAE Systems Plc is exploring ways to use defense technologies such as jet-pilot helmets for applications in space, as the UK defense contractor sharpens its focus on commercial opportunities in the burgeoning market.
Mentions: VIA
Broadcom’s Earnings Will Test Whether AI Euphoria Is Fading
Having unlocked stock market riches in 2023, the “artificial intelligence” catchphrase faces a shift in sentiment — and Broadcom Inc.’s earnings will test whether euphoria is fading.
Actors and writers on strike are united and determined in the face of a long summer standoff
Solidarity and stamina were picket-line themes Monday as striking screenwriters and actors in New York and Los Angeles braced for a long, hot summer standoff with studios. Kevin Bacon, who was among the famous faces picketing among unknowns outside Viacom headquarters in New York, said his presence was about “seeing people out here and being aware that not all actors are super high paid actors, that they are working class people who are trying to make a living.” One such working actor, Whitney Morgan Cox, who has appeared on the CBS series “Criminal Minds,” said it was “powerful” to see writers and actors come together who don't often work simultaneously in production.
Richard Snyder, ‘warrior-king’ of publishing who presided over rise of Simon & Schuster, dead at 90
Richard Snyder, a visionary and imperious executive at Simon & Schuster who in bold-faced style presided over the publisher’s exponential rise during the second half of the 20th century and helped define an era of consolidation and growing corporate power, has died. Snyder died Tuesday at his home in Los Angeles, according to his son Matthew Snyder, who said he had been in failing health. “Dick Snyder led Simon & Schuster through some of its most storied and eventful years," the company said Wednesday in a statement.
Mentions: VIA
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Ex-CBS shareholders reach proposed $167.5 mln settlement over Viacom deal
Former CBS shareholders reached a proposed $167.5 million settlement to resolve allegations that Shari Redstone, the daughter of late media magnate Sumner Redstone, pressured the company into an unfair merger that created ViacomCBS Inc, now known as Paramount Global, according to a court filing.
Paramount rises 6% after investment; Loop takes off Sell rating (NASDAQ:PARA)
Paramount Global (PARA) was 5.6% higher Friday morning, the day after its controlling shareholder National Amusements drew a $125M strategic investment.NAI -- the longtime vehicle of...
UPDATE 1-Paramount agrees to settle Viacom-CBS merger investor lawsuit
Paramount Global has agreed to a $167.5 million settlement of a case stemming from the 2019 merger of Viacom Inc and CBS Corp that created the entertainment company, a filing showed. The settlement, reached on Tuesday, provides for the dismissal of the case in exchange for the payment to Paramount, according to a Securities and Exchange Commission filing published on Friday. CBS shareholders filed three separate suits, which were later consolidated, alleging the company had overpaid for Viacom, clearing the way for media mogul Shari Redstone to reunite the family's media holdings.
Paramount agrees to settle Viacom-CBS merger investor lawsuit
Paramount and the investors agreed to the settlement reached on April 18, according to a Securities and Exchange Commission filing published on Friday. Paramount did not respond to a Reuters request for comment. CBS shareholders filed three separate suits, which were later consolidated, alleging the company had overpaid for Viacom, clearing the way for media mogul Shari Redstone to reunite the family's media holdings.
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Paramount agrees to settle Viacom-CBS merger investor lawsuit
Paramount Global has agreed to pay $167.5 million to investors to settle a case stemming from the 2019 merger of Viacom Inc and CBS Corp that created the entertainment company, a filing showed.
Paramount Directors Agree to $168 Million Settlement Over Merger
Paramount Global directors agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp. and Viacom Inc. that created the entertainment company, according to a securities filing
Forget the Murdochs, this is the real mogul who inspired ‘Succession’
The parallels between media magnate Sumner Redstone and the fictional Roy family point to a possible ending for the hit TV series.
BET co-founder, sports exec Sheila Johnson to publish memoir
The philanthropist, sports franchise executive and co-founder of Black Entertainment Television, Sheila Johnson, has a memoir scheduled for September. “Walk Through Fire” will document her rise from suburban Chicago to becoming a pioneering billionaire as a Black woman, and how she endured her troubled marriage to fellow BET founder Robert L. Johnson. “After so many years, I’m thrilled to finally tell my story,” Johnson said in a statement issued Monday by her publisher, Simon & Schuster.
Mentions: VIA
Paramount Global Settles Shareholder Suit for $122.5 Million
Paramount Global settled an investor lawsuit tied to the controversial 2019 merger of CBS Corp. and Viacom Inc. that created the company, agreeing to pay $122.5 million.