PARA May 2024 7.000 call
| Previous Close | 5.60 |
| Open | N/A |
| Bid | 4.40 |
| Ask | 5.60 |
| Strike | 7.00 |
| Expire Date | 2024-05-31 |
| Day's Range | 5.60 - 5.60 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1 |
- Yahoo Finance Video
Paramount stock pops on movement in Skydance deal
Paramount (PARA, PARAA) shares are surging on reports that the company has agreed to the terms of a deal with Skydance Media, which would merge the two companies while keeping Paramount publicly traded. Yahoo Finance Senior Reporter Alexandra Canal breaks down the details of the deal and the potential timeline for its completion. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
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ReutersParamount Global's top execs detail restructuring plan; shares fall
(Reuters) -Paramount Global's top executives on Tuesday laid out a sweeping restructuring plan that includes $500 million in annualized cost cuts, potential asset sales and a possible joint venture or other partnerships for its Paramount+ streaming service. Like other media companies, Paramount's fortunes has waned as the traditional television business declined while the streaming video service it launched to capture audiences has yet to recover lost revenue. The executives - CBS President and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios; and Paramount Pictures President and CEO Brian Robbins, - have led the company since the exit of former boss Bob Bakish in April, who left amid growing tensions with Shari Redstone, Paramount's controlling shareholder.
