Paramount’s looking for a deal they can’t refuse

Today, Explained

Vox

Daily News, Politics, News

4.4 • 9.5K Ratings

🗓️ 2 May 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Media behemoth Paramount Global is struggling. Stock prices are down. The CEO was just ousted. And the head of this family business is ready to cash out. Puck’s Matthew Belloni explains what comes next. This episode was produced by Hady Mawajdeh, edited by Amina Al-Sadi, fact-checked by Matt Collette, engineered by Rob Byers, and hosted by Noel King. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! vox.com/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Paramount is a media behemoth, a movie studio, a TV studio.
0:05.0	It also owns CBS, the broadcast network, as well as a bunch of cable channels that once were very meaningful but these days while still
0:16.1	profitable are making a lot less money and have a lot less impact.
0:20.8	Nickelodeon, MTV.
0:23.0	I want my MTV.
0:25.1	Comedy Central.
0:26.3	The only all comedy network.
0:28.5	B.E.T.
0:29.5	Look it up y'all, welcome back.
0:31.0	One on six apart, V VTs, Top Ten Live.
0:34.0	VH1, and a few others that don't really matter.
0:38.2	Paramount is in disarray.
0:40.1	The CEO is out, as of this week, Chairwoman Sherry Redstone wants to sell it.
0:44.4	Why?
0:45.4	This is really a story about old media colliding with the future.
0:50.6	And ultimately, it has taken down one of the great media companies that is now fighting for survival.
0:57.0	Coming up on today explained.
1:00.0	Support for this show comes from Krakan.
1:03.0	Krypto is like the financial system, but different.
1:07.0	It doesn't care where you come from, what you look like, your credit score,
1:11.0	or your outrageous food delivery habits.
1:14.0	crypto is finance for everyone, everywhere all the time.
	...

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