Shari Redstone is saying goodbye to Paramount Global [Fortune]
Paramount Global - Class A (PARAA)
Company Research
Source: Fortune
Have a restful weekend! – Paramount importance. Emotions ran high throughout 2024 at Shari Redstone's Paramount Global, as my colleague Lila MacLellan details for Fortune . Multiple rounds of layoffs and general mismanagement—including a confusing C-suite structure with three co-CEOs—created an atmosphere “full of tension, grief, and uncertainty” for employees, according to former employees. The company's stock fell significantly in 2024, and its cable business took a $6 billion write-down in August. When Redstone, currently chairwoman of the media empire, reached an $8 billion deal to merge Paramount with Skydance Media in July of last year, it seemed like everyone could finally take a breath—at least until more details come out about what it could look like post-merger. Of course, the turmoil that rocked Paramount is not all on Redstone. The entertainment industry writ large is facing massive disruption and upheaval; it's not an easy time to be a legacy media boss . As Matthew
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PARAA
Earnings
- 11/8/24 - Beat
PARAA
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- 12/30/24 - Form SCHEDULE
- PARAA's page on the SEC website