The M&A “noise” surrounding Paramount Global following the end to sales talks with David Ellison’s Skydance Media won’t dissipate any time soon, but 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.
https://www.hollywoodreporter.com/business/business-news/paramount-town-hall-cost-cuts-1235931990/
ParamountGlobal is The New Tribune Media. They're at vanishing point
Three headed monster
Looks like BET may sell for $400 million less than last years offer. $1.6 billion now for BET would lose that value & make PARA a smaller company with same debt amount in the billions . Paramount and the Viacom companies continue debt load on the whole company
The 3 CEOs mentioned eliminating duplicate or redundant roles without a shred of irony.
Thanks for the amazing job reporting this widely covered info.
Bankruptcy isn't happening. They can continue to sell off body parts for a while.
Bankruptcy next