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Warren Buffett on Paramount’s Tough Quarter: “Not Good News” When a Company Slashes Its Dividend

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In the streaming wars 'you need fewer companies or you need higher prices, or it doesn't work,' the Berkshire Hathaway founder said.

Paramount’s difficult quarter appears to have given one of the company’s largest outside shareholders some pause.’s Berkshire Hathaway held its annual meeting in Omaha, Nebraska. And, as is tradition, Buffett and his Berkshire vice chairman Charlie Munger answered dozens of questions from shareholders, over multiple hours.

While many of the questions tackled the global economy, inflation, Apple, artificial intelligence and Berkshire’s lucrative insurance businesses, one question honed in on a particular Berkshire holding: . Buffett and Berkshire own about 94 million Paramount shares, currently valued at about $1.6 billion, per Berkshire’s latest filings.

 

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Warren Buffett says Berkshire managers were surprised by economic slowdown, earnings to declineWarren Buffett struck a pessimistic tone about Berkshire's myriad of businesses, saying he expects an earnings decline in light of an economic slowdown.
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