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Paramountglobal

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"Berkshire Hathaway's Latest Stock Moves: Paramount Dumped, Chevron Bought"

Originally Published 1 year ago — by Fox Business

Warren Buffett's Berkshire Hathaway reduced its stake in Paramount Global by 32%, selling about 30.4 million shares, valued at $936.5 million. This move comes amidst reports of National Amusements CEO Shari Redstone struggling to unload her stake in Paramount's holding company. Berkshire Hathaway also made changes to its investments in HP Inc., Apple, Chevron, and Occidental Petroleum Corp, with the conglomerate selling some shares and acquiring more of others. Despite the reduction in its Paramount stake, Berkshire Hathaway's stakes in various companies were worth nearly $347.4 billion combined, nearly 11% higher than in the third quarter.

business finance berkshirehathaway finance investment paramountglobal stockmarket warrenbuffett

"Comcast and Paramount Secure Renewed Carriage Agreement, Preventing CBS Blackout"

Originally Published 2 years ago — by Variety

Paramount Global and Comcast have renewed their carriage agreement, ensuring that Paramount's cable channels and CBS-owned stations will continue to be available to Comcast's vast subscriber base. This deal is significant for Paramount's financial stability and comes amidst speculation of potential mergers and acquisitions involving the media company. The terms of the agreement are seen as indicative of the value that traditional cable deals still hold in an industry increasingly shifting towards streaming platforms.

business business business cablecarriageagreement comcast mediaindustry paramountglobal streamingservices