Paramount CEO Steps Down & Edward Norton’s New Venture 04/30/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 30 April 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Paramount Global is replacing CEO Bob Bakish with three executives in the Office of the CEO. Puck founding partner Matthew Belloni explains the uncertain future for the media company, as well as the possible outcomes for shareholders. Actor Edward Norton has spent enough time in board meetings to know that it’s time to bring corporate governance decisions into 2024. He says his new tech company Zeck is his hope for streamlined board meetings. CNBC’s Steve Liesman says the latest Fed survey respondents are pushing their rate cut forecasts further out. On college campuses, tensions are escalating; Columbia protesters stormed and occupied a university building. Trump Media stock has been on a roller coaster, and NBCUniversal is reportedly preparing a bid for NBA rights. Plus, CNBC is your ticket to this Saturday’s Berkshire Hathaway Annual Meeting with Warren Buffett. If you’re a shareholder and have a question for the Oracle of Omaha or his board, submit it to berkshirequestions@cnbc.com. Our own Becky Quick will select a few of those submissions to ask during the meeting. Steve Liesman - 04:47 Matt Belloni - 12:44 Edward Norton - 18:09 In this episode: Edward Norton, @EdwardNorton Matthew Belloni, @mattbelloni Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	A storied American company in a fire sale, Paramount's drama,
0:13.2	taking a spin with Upstart Sky Dance.
0:15.5	But how does this movie end?
0:17.0	Pucks Matt Bellany.
0:18.3	I still think the Sky Dance merger happens.
0:21.2	The Sky Dance people are getting frustrated by this process. They don't like
0:24.9	the leaks to the media. They think it's become kind of a circus. Actor turned tech
0:29.9	entrepreneur Edward Norton, why he founded ZEC
0:33.1	to make his meetings more bearable.
0:35.2	Nobody's dream of their life
0:37.2	was to be a great builder of slide presentations.
0:39.7	Like, it's the bane of everybody's existence. Plus, the rest of today's stories that got us squawking,
0:45.0	the Fed sits down, a return to office mandate now,
0:49.0	and the hills and valleys of Trump media.
0:52.0	Remember when you tweeted as president what that meant?
0:54.3	Do you remember what happened to the valley of Twitter during that period?
0:56.6	Nothing.
0:57.6	It's Tuesday, April 30, 2024.
1:01.2	Squack-P Pod begins right now.
1:03.8	Stand Becky by in three, two, one, queue please.
	...

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