Paramount's Future Is A Question In Need Of Answers -- Market Talk

Dow Jones04-30

1043 ET - Paramount Global's latest results and lack of update regarding reports of a potential sale raises several questions, say analysts at BofA Securities in a research note. WSJ has reported on a proposed merger between the owner of CBS, MTV, Nickelodeon and the Paramount film studio and production company Skydance Media. Paramount on Monday also parted ways with CEO Bob Bakish. The analysts' unanswered questions include who is now making the strategic decisions at Paramount, what is the timing/terms of a potential sale, and what would the strategic direction of the company be if no deal takes place and current ownership remains in control. "Given the lack of transparency, we believe it is challenging to handicap the potential outcomes," they add. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

April 30, 2024 10:44 ET (14:44 GMT)

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