PARA

Paramount Global

TMT


Presented:09/21/2022
Price:$21.40
Cap:$13.89B
Current Price:$10.50
Cap:$7.00B

Presented

Date09/21/2022
Price$21.40
Market Cap$13.89B
Ent Value$30.24B
P/E Ratio4.15x
Book Value$35.09
Div Yield4.49%
Shares O/S649.13M
Ave Daily Vol9,300,412
Short Int9.83%

Current

Price$10.50
Market Cap$7.00B
Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Netflix Inc (NFLX), Paramount Global (PARA), Roku Inc (ROKU), Walt Disney Co/The (DIS)

Highlights

The presenter is short shares of Paramount Global (PARA), an internationally recognized media conglomerate with properties such as Paramount Pictures, CBS Entertainment Group, Paramount+, Pluto TV, Showtime, and others. He points to some concerning trends in both the linear TV and streaming businesses and believes that PARA is poorly positioned to handle the ongoing industry shifts. These changes are likely to impact the company’s ability to collect consumer fees and advertising revenue which should suppress cash flows in the coming years.

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Idea Discussion

Commentor 1 - 2 weeks ago

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