Warner Bros Discovery to split TV and streaming businesses into two units [Yahoo! Finance Canada]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance Canada
growing streaming and studio operations, laying the groundwork for a potential sale or spinoff of its traditional TV business as cord-cutting picks pace. Shares rose about 3% in premarket trading after the company said the new corporate structure will "increase optionality to pursue further value creation opportunities for both divisions". It expects to complete the rollout of the new structure by mid-2025. Media companies are considering options for their cable TV businesses as a largescale shift by consumers toward streaming has slammed growth in traditional TV, which has long been the industry's cash cow. Comcast last month plans to split most of its NBCUniversal cable networks into a new public company as it looks to unchain its faster-growing studio and theme parks business from the declining traditional TV. Comedy Central and Nickelodeon owner Paramount Global had also earlier this year also agreed to merge with streaming-era upstart Skydance Media. (Reporting by Deborah S
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PARAA
News
- Nielsen Pulls Paramount Data From Advertiser Analysis Tool as Contract Dispute Drags On [Yahoo! Finance]Yahoo! Finance
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- Here’s What We Know About Every ‘Yellowstone’ Spinoff—As Show Wraps Up Five-Season Run [Forbes]Forbes
PARAA
Earnings
- 11/8/24 - Beat
PARAA
Sec Filings
- 12/12/24 - Form SC
- 12/11/24 - Form 8-K
- 12/3/24 - Form 4
- PARAA's page on the SEC website