National Amusements

Billionaire Larry Ellison will own a controlling interest in Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) once the merger with Skydance Media finalizes in 2025. What Happened: Ellison, one of the world's richest people, will be the majority shareholder of National Amusements, the company that has...

A battle over media giant Paramount Global Inc (NASDAQ:PARA)(NASDAQ:PARAA) could be intensifying with former Warner Music CEO Edgar Bronfman Jr. trying to outbid Skydance for control. What Happened: Bronfman submitted a bid of $4.3 billion Monday night and plans to bid higher in the coming days as...

In a new development in the media merger landscape, media tycoon Edgar Bronfman Jr. is reportedly gearing up to bid for Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) and National Amusements. What Happened: Bronfman, the former head of Warner Music and Seagram, is reportedly in discussions with...

A potential merger between media companies Skydance and Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) has dominated headlines and could see further consolidation in the media sector. One shareholder of Paramount Global is calling out the merger efforts, which could provide cash to Shari Redstone and...

As media companies scramble to reduce costs and increase profitability, a new potential suitor has emerged with interest in buying Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) parent-company National Amusements. What Happened: According to a report from the Wall Street Journal, Skydance Media CEO...

The owner and chairman of National Amusements died Tuesday. The Man: At 97 years old, Sumner Redstone had built an impressive dynasty founded on CBS Corporation and Viacom, whose assets include the BET Networks, MTV and Paramount Pictures. "Over the course of his distinguished life...

The CBS Corporation (NYSE: CBS) board decided Monday to retain CEO Les Moonves while independent investigators probe sexual harassment claims. “This board is in a pickle,” Keach Hagey of the Wall Street Journal said on CNBC. “This board is in big trouble.” A Les-Focused CBS...

CBS Corporation (NYSE: CBS) plunged 7 percent Friday on reports of sexual misconduct allegations against CEO Leslie Moonves. What Happened Ronan Farrow, the journalist whose Harvey Weinstein investigation inspired the #MeToo movement that toppled executives across U.S. industries,...

CBS Corporation (NYSE: CBS)'s ongoing boardroom drama revolving around a potential merger with Viacom, Inc. (NASDAQ: VIAB) will likely continue to unfold and create volatility in shares — but that doesn't mean investors shouldn't be aggressive on the stock,...

CBS Corporation (NYSE: CBS)'s move to sue its parent company, National Amusements, brings the likelihood of a combination with Viacom, Inc. (NASDAQ: VIAB) from around 80 percent to "almost 0 percent," according to Bernstein. The Analyst Bernstein's Todd Juenger upgraded CBS...

CBS Corporation (NYSE: CBS)'s move to file a lawsuit against its own parent company, National Amusements, has one of two outcomes -- both of which are a potential negative for the stock, according to KeyBanc. The Analyst KeyBanc Capital Markets' Andy Hargreaves maintains a Sector Weight...

CBS Corporation (NYSE: CBS) filed a lawsuit Monday to prevent a merger with Viacom, Inc. (NASDAQ: VIAB) and strip the proposal’s strongest advocate of significant voting power. The lawsuit accuses Shari Redstone, president of majority shareholder National Amusements and vice chair of...

A new CEO change may be coming to Viacom, Inc. (NASDAQ: VIAB), according to the New York Post. Sumner Redstone, the ailing 92-year whose family controls 80 percent of Viacom's Class A voting shares, recently removed the company's CEO Philippe Dauman and George Abrams, a Viacom board member, from...