Why Buying Paramount Global Won't Be Easy
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 1 February 2024
⏱️ 16 minutes
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| 0:00.0 | Paramount Global is a massive conglomerate. The company owns a famous movie studio that's behind |
| 0:12.4 | hits like Mean Girls and the mob classic The Godfather. |
| 0:16.0 | I'm going to make them an offer, I can't refuse. |
| 0:18.0 | It owns cable networks like B.E.T. M. T. M.V. and Comedy Central, which are known for iconic programming. |
| 0:26.0 | And it owns a big broadcast network, CBS, where people tune in to watch football. |
| 0:32.0 | CBS Sports welcomes you to the following presentation of the National Football League. |
| 0:39.0 | But even with all these big names, as a business, Paramount Global isn't doing well. |
| 0:45.0 | I would say that Paramount, like its competitors, is struggling. |
| 0:51.0 | So is Paramount Global kind of like a beautiful house that like has a flood in the basement? |
| 0:59.0 | Oh, I think that's an excellent analogy. |
| 1:01.0 | Yes. There's definitely a few leaks in this house. |
| 1:04.3 | That's her colleague Jessica Tunkle and she says that even though the Paramount House |
| 1:09.2 | might need some repairs, people have been knocking on the front door, asking if it's for sale. |
| 1:15.0 | I would say that there's a flood in the basement, the boiler needs to be replaced, |
| 1:20.0 | it's really expensive to replace that boiler. |
| 1:22.0 | Like, I could keep going with these that important. |
| 1:25.0 | But so why would anybody want it then? |
| 1:28.4 | Because if you think you can get it for cheap enough, |
| 1:30.9 | then it could be a good deal. |
| 1:41.0 | Over the past few months, there have been three different buyers who've seen a good deal in Paramount Global, but each buyer is only interested in some of the company's pieces, like the |
| 1:45.6 | movie studio or the CBS network. But the person selling the company doesn't want to break off little |
| 1:52.0 | pieces. They want someone to buy the whole |
... |
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