Comcast’s Cable ‘SpinCo’ Is Scouting Space For New Manhattan Headquarters, “Closing In” On Name As Separation Takes Shape
#News #Cablenetworks #Comcast #MarkLazarus #NBCUniversal #SpinCo

https://deadline.com/2025/02/comcasts-nbcuniversal-cable-spinoff-new-manhattan-headquarters-1236305786/

#ParamountGlobal follows #HBO #DiscoveryTV in announcing deep financial write downs of #CableTV entertainment #assets. The value of once vaunted parent corp to #CBS , #Showtime & #MTV #CableNetworks has declined by $6 billion and current owner #ShariRedstone has announced intent to layoff 2,000 jobs, or 15% of US workforce in restructuring effort that to boosted entertainment empire's #stockprice while greasing transition to new media #ownership group led by #Oracle database doyenne Larry Ellison's son.

https://www.indiewire.com/news/business/paramount-cable-channels-worth-6-billion-less-earnings-1235033801/

#PvtEquity Firm Offers $11 Billion for just #Paramount’s Studio Production Arm, excluding the actual #CableNetworks & brands , which is an offer more than the entire #ParamountGlobal corp's current total market cap #valuation ... #Redstone family has not wanted to split the baby thus far, which would also include #CBS, BET, #Showtime, #ComedyCentral, #Nickelodeon, #VH1, #EdSullivanTheater in NYC, plus various broadcast & streaming rights distro deals with legacy film catalogs etc including Desilu, Carolco, Republic Pictures, #Miramax etc ...

https://www.wsj.com/articles/apollo-offers-11-billion-for-paramounts-hollywood-studio-24206eab #MediaBiz #ContentProviders