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2 mins read
Paramount soars 16% after Warren Buffett's Berkshire Hathaway reveals $2.6 billion stake in the media company
Paramount is a value stock based on its forward price-to-earnings ratio of 13x, which is right up B…
Matthew Fox
2 mins read
Cerity Partners' chief equity strategist says the market correction has already happened and he's more bullish than ever
Jim Lebenthal, Cerity Partners' chief equity strategist, says he's selling Verizon and adding Viaco…
Will Daniel
2 mins read
Bill Hwang lost around $20 billion in 2 days when his Archegos fund imploded, report says
Hwang's savvy investments saw him grow $200 million into $20 billion in a matter of years, a report…
Harry Robertson
2 mins read
Goldman beat Nomura to the punch during the Archegos liquidation - and then downgraded the Japanese bank's stock
Goldman's analysts wasted little time in declaring that the potential of Nomura's stock "looks limi…
Harry Robertson
2 mins read
Goldman Sachs says its losses are 'immaterial' even as rivals warn of billion-dollar losses following Archegos liquidation
Goldman was among the first to reduce its exposure, therefore it has exited most of its positions i…
Isabelle Lee
2 mins read
Something weird just went down in the stock market, and Wall Street is speculating it's the result of a fund liquidation
Shares of ViacomCBS and Discovery fell as much as 35% Friday, while US-listed shares of China's Bai…
Victoria Cavaliere
1 min read
ViacomCBS extends 2-day decline to 29% after it launches $3 billion equity offering to fund streaming business
Paramount+ was previously called CBS All Access, but heavy spend in Super Bowl advertisements helpe…
Matthew Fox
3 mins read
You don't need to see 'Yellowstone' to enjoy its prequel series '1883' — but you'll need 2 different streaming services to watch both
"1883" showcases how Paramount+ can capitalize on the success of "Yellowstone" even though it's str…
Travis Clark
1 min read
SpongeBob, Star Trek, and South Park digital tokens may soon be available as ViacomCBS enters the NFT market
The owner of Nickelodeon and Comedy Central is planning to create an NFT platform with startup RECU…
Natasha Dailey
2 mins read
Verizon is reportedly eyeing a media spin-off
Insider's top advertising and media stories for April 29.
Lauren Johnson
2 mins read
2 executives leave CBS as it investigates claims they blocked efforts to hire Black journalists and created a hostile work environment
Executives Peter Dunn and David Friend have left CBS following a two-month suspension, the company …
Grace Dean
2 mins read
New data shows how much of Paramount Plus' TV and movie catalog is exclusive
Streaming search engine Reelgood provided data on how much of the service's movie and TV libraries …
Travis Clark
2 mins read
Warner Bros.' strategy of releasing movies to theaters and HBO Max on the same day is very popular with consumers, according to a new survey
The majority of respondents said they would be more likely to subscribe to a streamer if they could…
Travis Clark
3 mins read
Dave Chappelle thanks fans for boycotting 'Chappelle's Show' as the sketch series returns to Netflix with his permission
The 47-year-old comedian has resolved his long-running dispute with ViacomCBS, Comedy Central's par…
Claudia Willen
3 mins read
Dave Chappelle says Netflix removed 'Chappelle's Show' at his request and calls out ViacomCBS for not paying him
"Chappelle's Show" ran from 2003 to 2006 on Comedy Central and was created, executive produced, and…
Zac Ntim
1 min read
An estranged son, a legal battle with a live-in lover, and a mogul who wanted to 'live forever': Meet the heirs to the ViacomCBS empire
Sumner Redstone and some of his family members attend a ceremony honoring him with a Hollywood Walk…
Taylor Borden
3 mins read
Daily Mail owner is demanding ViacomCBS remove 'misleading' content from 'Oprah with Meghan and Harry'
Representatives for Associated Newspapers claimed headlines were "taken out of context or deliberat…
Lauren Edmonds
1 min read
Nick Cannon dropped by ViacomCBS over anti-Semitic comments in podcast
"While we support ongoing education and dialogue in the fight against bigotry, we are deeply troubl…
PTI
2 mins read
Sumner Redstone, the media mogul who built the ViacomCBS empire, is dead at 97
The media magnate Sumner Redstone, who forged an empire of entertainment companies encompassing CBS…
Ashley Rodriguez
1 min read
Betterment founder Jon Stein is stepping down as CEO and a former ViacomCBS exec is taking his place
Betterment CEO Jon Stein is stepping down from his role, the company said Tuesday, to be replaced b…