Paramount Global Could Close Sale Of Simon & Schuster By Year End, CFO Says; Company “Open Minded” To Broader Media M&A

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Paramount Global is “deep into the marketing process” for publisher Simon & Schuster and can see a path to closing a deal this year, CFO Naveen Chopra said today, putting the first timeframe on a sale

SkyShowtime Boss Monty Sarhan Says "We Are Sending A Message" On Pricing & Believes There Could Be More Bundling In Future

Asked about broader M&A potential, he said, “it’s probably unwise to bet against consolidation” and Par tries to be “thoughtful” about opportunities. “Whether Paramount is a seller of assets or a consolidator of assets, we’ll have to see. But we remain very open-minded to those possibilities.” However, as witnessed by the scuttled publishing deal, the U.S. regulatory climate is pretty tough right now, he noted on the conference sidelines.

 

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

 /  🏆 109. in US

United States United States Latest News, United States United States Headlines