Paramount Global chief financial officer Naveen Chopra said management is chipping away at debt, cutting costs, heading towards streaming profitability and otherwise “focused on execution” but won’t ignore other opportunities to create value for shareholders. “We believe that continued execution of our plan will unlock value. We are very conscious of the fact that our … Read more
Chris Petrikin, a former Paramount, Fox and William Morris Agency communications executive, has joined consulting firm Actum LLC as a managing director. Plans call for Petrikin to build and run a media and entertainment practice at Actum, whose main identity has been politics since its founding in 2021. Actum is led by well-known political figures … Read more
News of Byron Allen’s $30 billion offer (including debt) for Paramount Global has restarted Hollywood’s most active parlor game: Whither Paramount and assets like its 112-year-old film studio and iconic Melrose lot? Paramount is taking Allen’s bid seriously enough, as Deadline understands it, to form a special board committee to evaluate any potential bids. Shari … Read more
As 2023 began, Covid was waning, Top Gun: Maverick was a billion-dollar Oscar Best Picture nominee, and Shari Redstone’s place in the media firmament felt secure after a years-long quest to reunite CBS and Viacom. At year’s end, the narrative has dramatically changed. Paramount Global, which Redstone leads as chair and CEO of its controlling … Read more
