Paramount Chiefs to Staff: We're Cutting $500M In Costs After “Unacceptable” Profit Drops [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
the company must address profit declines and focus on a plan that can set up the entertainment giant for success. Also: Bankers have been hired to sell off unspecified assets in order to help pay down debt. That was management's message in a company town hall meeting in Los Angeles on Tuesday. The three co-CEOs, Brian Robbins, president and CEO of Paramount Studios, Chris McCarthy, president and CEO of Showtime/MTV Entertainment Pictures, and George Cheeks, president and CEO of CBS, all spoke to around 500 employees at the Paramount Theatre on the company's studio lot, with more understood to have been put onto a waiting list. “Before we begin today's presentation, we'd like to take a moment to acknowledge the challenges of all the M&A speculation surrounding our company,” Robbins told the audience. “We know what a difficult and disruptive period it has been. And while we cannot say that the noise will disappear, we are here today to lay out a go-forward plan that can set us up fo
Show less
Read more
Impact Snapshot
Event Time:
PARAA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PARAA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PARAA alerts
High impacting Paramount Global - Class A news events
Weekly update
A roundup of the hottest topics
PARAA
News
- Comedy Central pulls old episodes of ‘The Daily Show,' ‘The Colbert Report' from website [Los Angeles Times (CA)]Los Angeles Times
- Many Hollywood Stocks Are Now “Show Me” Bets for Wall Street Investors [Yahoo! Finance]Yahoo! Finance
- Inside Kevin Costner's nearly 30-year journey to bring "Horizon" to life: "I couldn't forget it" [CBS News]CBS News
- Kevin Costner on "Yellowstone" departure, whether he'd ever return as John Dutton: "The idea is wide open" [CBS News]CBS News
- MTV deletes news archives from internet, erasing over two decades of articles [USA TODAY]USA TODAY
PARAA
Earnings
- 4/29/24 - Beat
PARAA
Sec Filings
- 6/21/24 - Form 8-K
- 6/17/24 - Form 11-K
- 6/13/24 - Form 4
- PARAA's page on the SEC website