At the time, Paramount was losing $450 million a year, and Viacom’s stock price had fallen 50 percent over two years. Mr. Dauman could not be reached for comment.

In March of 1994, Viacom bought 61.7 million shares in Paramount to take control of the company, in a deal valued at between $9.5 billion and $10.1 billion by Variety at the time. It beat out home ...

ViacomCBS changes corporate name to Paramount 00:21. ViacomCBS announced Tuesday that the company will become known as Paramount. "Effective February 16, we'll be bringing together our leading ...

Paramount Faces a Mountain of Questions Bob Bakish, the media giant’s chief executive, is out, removing an obstacle to a deal with David Ellison's Skydance. But the company’s future is no ...

The Redstone family would receive $1.75-billion for National Amusements, a company that holds the family's Paramount shares and a regional movie theater chain founded during the Great Depression ...

Paramount to Receive $167.5M to Settle Shareholder Suit Tied to CBS-Viacom Merger. The settlement comes a month after the company agreed to pay $122.5M in another suit related to the merger.

Paramount Global chief executive Bob Bakish is leaving his role as head of the entertainment company and CBS parent, it announced Monday, following reports last week that he may be ousted as ...

Many longtime Paramount Global watchers trace the roots the company’s current predicament to Philippe Dauman, Bakish’s predecessor, who was CEO of Viacom from 2006 to 2016.

Paramount Global will pay $122.5 million to settle a lawsuit claiming the 2019 CBS-Viacom merger was unfair to shareholders, the company said in a filing Friday. The settlement is still subject to ...

Its Viacom suite of cable networks (MTV, VH1, Comedy Central, BET, Nickelodeon, Paramount Network, etc.) is perhaps the least-desirable bundle in the entire genre.

Paramount Global has agreed to settle a shareholder lawsuit that claimed that the 2019 CBS-Viacom merger was unfair for shareholders. According to a securities filing Friday, Paramount will pay ...