Paramount Won’t Sell Cable Networks After WBD Merger, Touts “Incredible Footprint” Of Combined Linear Business
#News #Cablenetworks #DavidEllison #Linear #Paramount #Warnerbrosdiscovery #Wbd
https://deadline.com/2026/03/paramount-keeping-cable-networks-after-warner-merger-1236741346/
HBO Family Among Cable Networks Being Shut Down By Warner Bros. Discovery
#News #Cablenetworks #CableTV #HBO #HBOFamily #Warnerbrosdiscovery
Comcast’s Cable ‘SpinCo’ Is Scouting Space For New Manhattan Headquarters, “Closing In” On Name As Separation Takes Shape
#News #Cablenetworks #Comcast #MarkLazarus #NBCUniversal #SpinCo
#ParamountGlobal follows #HBO #DiscoveryTV in announcing deep financial write downs of #CableTV entertainment #assets. The value of once vaunted parent corp to #CBS , #Showtime & #MTV #CableNetworks has declined by $6 billion and current owner #ShariRedstone has announced intent to layoff 2,000 jobs, or 15% of US workforce in restructuring effort that to boosted entertainment empire's #stockprice while greasing transition to new media #ownership group led by #Oracle database doyenne Larry Ellison's son.
#PvtEquity Firm Offers $11 Billion for just #Paramount’s Studio Production Arm, excluding the actual #CableNetworks & brands , which is an offer more than the entire #ParamountGlobal corp's current total market cap #valuation ... #Redstone family has not wanted to split the baby thus far, which would also include #CBS, BET, #Showtime, #ComedyCentral, #Nickelodeon, #VH1, #EdSullivanTheater in NYC, plus various broadcast & streaming rights distro deals with legacy film catalogs etc including Desilu, Carolco, Republic Pictures, #Miramax etc ...
https://www.wsj.com/articles/apollo-offers-11-billion-for-paramounts-hollywood-studio-24206eab #MediaBiz #ContentProviders
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