Paramount Global Co-CEOs Reveal Bankers Hired To Sell Assets; Discuss Path Forward At Town Hall [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
a packed company town hall of 500 at the studio's Melrose Lot Paramount Theater what progress has been made since the annual shareholders meeting three weeks ago, and what the company's path will be going forward. In sum, bankers have been hired to explore the sale of “certain Paramount owned assets” per Cheeks, while layoffs are on the horizon as the conglom looks to achieve a half billion in cost savings. Paramount Global controlling shareholder Shari Redstone was not part of today's town hall, we hear, which clocked about an hour with 15 to 20 minutes of Q&A. More from Deadline Paramount+ Prices To Rise For Most Tiers Starting In August Two Senior Paramount Home Entertainment Execs Are Latest To Depart; Amazon MGM Vet Andres Alvarez Takes Top Job As EVP Is The Mission Possible For Paramount's Crowded Corner Office? CEO Troika Settles In As Layoffs And Asset Sales Loom The Town Hall was originally scheduled three weeks ago but was delayed when it appeared the entertainme
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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