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For millions of American families, the Thanksgiving holiday is defined by two traditions: a turkey feast and football. While the on-field rivalries capture the nation's attention, a different kind of competition is taking place on the balance sheets of the companies that broadcast, stream, and facilitate wagers on these games.
Paramount Skydance on Friday said it has agreed to sell its shares in the entities that control Chilean free-to-air TV channel Chilevision to Vytal Group.
In the crowded and competitive streaming landscape, a decisive market reaction can speak volumes. Following its first post-merger earnings report, shares of Paramount Skydance NASDAQ: PSKY jumped over 7%, a significant move that caught the attention of investors.
The top Democrats on two U.S. House of Representatives committees said Wednesday Paramount Skydance had refused to answer key questions or provide documents tied to the Trump administration's approval of its the company's $8.4 billion merger with the CBS News-parent company.
The menu of options for how to watch shows and movies without cable continues to grow—as do their price tags. But viewers have generally been sticking with their subscriptions.
Paramount shares jumped more than 10% Tuesday after the company's third-quarter earnings report and a strategy update from CEO David Ellison and his management team. The stock topped $16.90, its highest level in two weeks, midway through the session. Trading volume on the Veterans Day holiday was lighter than average.
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