Many of Paramount Global's assets would fit nicely within larger media companies. It also owns the physical Paramount studio lot in Los Angeles, California.įrom a sum-of-the-parts perspective, the company holds a strong hand. The company consists of Paramount Pictures, the CBS broadcast network, 28 owned-and-operated local CBS stations, the streaming service Paramount+, free advertising-supported Pluto TV, 'Star Trek,' 'SpongeBob SquarePants,' MTV, Nickelodeon, Comedy Central, BET and Showtime. Paramount Global is an archetype for the media industry's consolidation conundrum. No one wants to transact at the current market valuations that these companies are given.' 'But the deck is stacked against large-scale transactions now because of both immediate concerns in terms of ad sales, subscription video numbers and the cost of debt. 'The market is crying out for reshaping media company portfolios and consolidation,' said Jon Miller, chief executive at Integrated Media and a senior advisor at venture firm Advancit Capital, which Redstone co-founded. Market conditions have made a transformative transaction difficult at best and highly unlikely at worst. The problem has been finding the right deal for shareholders. Spokespeople for Redstone and Paramount Global declined to comment. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
