SONY - The Paramount M&A Horror Show Explained
2024-04-30 08:56:41 ET
Summary
- Paramount posted excellent Q1/24 results, fired its CEO, did not take questions and installed a triumvirate of managers to guide the company.
- Important financial details of the Skydance merger proposal were leaked, but probably won’t matter much anymore.
- Considering the recklessness of the situation, I am now more cautious on the company.
Paramount Q1 earnings review
Although nobody seems to care, I intend to continue, as far as possible, my strict focus on fundamentals: Paramount ( PARA ) ( PARAA ) published its Q1/24 earnings report and did, as widely expected, very well, as the huge success of the Super Bowl fuelled direly needed advertising growth in the quarter....
The Paramount M&A Horror Show Explained