Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

PARAMOUNT GLOBAL

(PARA)
  Report
Delayed Nasdaq  -  04:00:00 2023-01-27 pm EST
23.07 USD   +2.95%
01/24Communications Services Down After Verizon Earnings -- Communications Services Roundup
DJ
01/24Paramount Global Mulls Rebranding Showtime
MT
01/24Paramount Global : The Creator of ‘Teen Wolf' on Expanding the Franchise
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Penguin Random House CEO to step down after merger deal scrapped

12/09/2022 | 08:32am EST
FILE PHOTO: Penguin books are seen in a bookshop in central London

BERLIN (Reuters) - Penguin Random House head Markus Dohle will step down at the end of the year after a U.S. judge blocked a planned $2.2 billion merger of the world's largest publisher and rival Simon & Schuster, the company said in a statement on Friday.

Dohle had resigned "at his own request and on the best of mutual terms", the company added in the statement.

Nihar Malaviya, who is currently president and chief operating officer of Penguin Random House U.S., will take over as interim CEO from Jan. 1, the company said.

Bertelsmann, the German media group that owns Penguin, initially said it would appeal a U.S. judge's decision but then decided to scrap the deal after discussions with Paramount Global, Simon & Schuster's owner.

Judge Florence Pan of the U.S. District Court for the District of Columbia ruled on Oct. 31 that the Justice Department had shown the deal could substantially lessen competition "in the market for the U.S. publishing rights to anticipated top-selling books."

With the deal's dissolution, Penguin will pay a $200 million termination fee to Paramount.

(Reporting by Klaus Lauer, Writing by Miranda Murray)


ę Reuters 2022
All news about PARAMOUNT GLOBAL
01/24Communications Services Down After Verizon Earnings -- Communications Services Roundup
DJ
01/24Paramount Global Mulls Rebranding Showtime
MT
01/24Paramount Global : The Creator of ‘Teen Wolf' on Expanding the Franchise
PU
01/17Netflix set for slowest revenue growth as ad plan struggles to gain traction
RE
01/10Paramount+ Reportedly Orders 'Dungeons & Dragons' Series From Rawson Marshall Thurber
MT
01/09Paramount+ announces new original series "fatal attraction" to premiere on sunday, apri..
AQ
01/04Macquarie Adjusts Paramount Global B Shares Price Target to $15 From $16, Maintains Neu..
MT
01/04MarketScreener's World Press Review: January 4, 2023
MS
2022North American Morning Briefing: China Optimism -2-
DJ
2022Loop Capital Downgrades Paramount Global to Sell From Hold, Cuts Price Target to $14 Fr..
MT
More news
Analyst Recommendations on PARAMOUNT GLOBAL
More recommendations
Financials (USD)
Sales 2022 30 210 M - -
Net income 2022 1 271 M - -
Net Debt 2022 12 527 M - -
P/E ratio 2022 12,1x
Yield 2022 4,40%
Capitalization 14 697 M 14 697 M -
EV / Sales 2022 0,90x
EV / Sales 2023 0,88x
Nbr of Employees 22 965
Free-Float 50,8%
Chart PARAMOUNT GLOBAL
Duration : Period :
Paramount Global Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PARAMOUNT GLOBAL
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Last Close Price 22,41 $
Average target price 20,54 $
Spread / Average Target -8,34%
EPS Revisions
Managers and Directors
Robert Marc Bakish President, Chief Executive Officer & Director
Naveen Chopra Chief Financial Officer & Executive Vice President
Shari Ellen Redstone Non-Executive Chairman
Philip R. Wiser Chief Technology Officer & Executive VP
Colleen Fahey Rush Chief Research Officer & Executive Vice President
Sector and Competitors
1st jan.Capi. (M$)
PARAMOUNT GLOBAL32.76%14 697
WALT DISNEY COMPANY (THE)24.45%200 048
FORMULA ONE GROUP17.23%16 215
THE LIBERTY SIRIUSXM GROUP3.68%13 251
ITV PLC8.60%4 043
GRUPO TELEVISA, S.A.B.27.09%3 375