News Formal

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

  • 📰 THR
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »