Media Stock Sale: Paramount and Warner Bros Discovery

Media firms that entered Netflix’s (NFLX) market paid a steep price. During the stay-at-home pandemic, they offered cheap subscriptions to lure Netflix customers to alternative services.That era is over.Paramount (PARA) said it would cut 15% of its U.S. workforce on August 8, 2024. This will save $500 million annualized and is part of the Skydance Media cost efficiency plan worth $2 billion in cuts. Skydance’s proposed buyout of PARA stock prevented the stock from falling below $10.00.Speculators may bet that Skydance’s buyout will close. It offered to buy Paramount for $2.4 billion in…

Stocks tick higher as traders look to build on last week’s comeback: Live updates – CNBC

Stocks tick higher as traders look to build on last week’s comeback: Live updates  CNBCInvestors Brace for Another Big Week in the Markets  The New York TimesPremarket: U.S. futures muted ahead of data-packed week with CPI in focus  The Globe and MailStock Market Today: Nasdaq, S&P Futures Edge Up; Yen, Bitcoin Weaken — Live Updates  The Wall Street JournalU.S. stock futures edge higher in lead up to data deluge  Reuters