Page 5 - Robert Fishman News Today

With multiple bidders interested in Paramount Global, the focus has turned to controlling shareholder Shari Redstone and how she will play her hand.

Byron Allen Paramount offer: Is it for real? Wall Street isn't sure, but Allen loves linear TV.

Paramount and every company with a big TV operation is in real trouble at the moment. Why would Byron Allen bid more than $14 billion for it?

Half of Allen's $30 billion Paramount offer is for Paramount+ and the company's broadcast and cable channels.

Is Byron Allen’s $30 billion bid (inclusive of debt) the real deal? Wall Street isn’t sure. Paramount stock ended Wednesday up 6.7 percent to $14.59, a sizable jump on a day when the overall market was down, but well below Allen’s bid for the company at more than $21 per share. It’s a sign the …

WWE parent TKO Group Holdings continues to deal with fallout from sexual abuse allegations against Vince McMahon, with TKO stock falling 4% Monday.

Hollywood stocks from Walt Disney and Fox to Warner Bros. Discovery had a mixed 2023, while shares of Netflix, Spotify and Lionsgate rose sharply.

Streaming losses, possible interest rate cuts, higher stock prices and no strikes indicate sluggish media M&A could pick up dramatically in 2024.

Visit the post for more.

Aside from Netflix, only Warner Bros. Discovery, via aggressive cost-cutting, has shown the ability to hit a profit in its direct-to-consumer division.