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May 4, 2024 · Warren Buffett Has Sold His Paramount Stock: “We Sold it All, and We Lost Quite a Bit of Money”. The famed investor was the largest shareholder in Paramount's non-voting stock and took a steep ...
- Alex Weprin
May 4, 2024 · Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for the decision.
May 4, 2024 · According to the company’s latest available filings, Berkshire owned 63.3 million shares of Paramount Global at the end of 2023. The company disclosed a $2.6 billion stake in Paramount in 2022 ...
- Adam Chitwood
- Why Dividend Cuts Matter
- What's Eating Paramount's Media Empire?
- Is Hope Lost For The Media Industry?
Buffett did say that "it's not good news when any company...cuts its dividend dramatically." Of course, he wasn't going to give the reasons why it's bad for Paramount away for free, because Buffett and company "are not in the business of giving stock advice to people." So, in the business of stock opinions, I guess that's why I'm here. Dividend cut...
Of course, after stating he wasn't going to give away free advice, Buffett did opine on the troubles Paramount -- and all streaming TV companies -- are facing going forward. I'll sum up the response in three primary points, with some color commentary of my own added:
Paramount's dividend cut was a necessity as it struggles through what has become a prolonged war in the TV streaming market. But not all is lost. Paramount and its peers are getting serious about trimming losses. Paramount could even be a buyout target from a rival media company -- or a cash-rich big tech company that is further along in cracking t...
- Nicholas Rossolillo
May 16, 2022 · Warren Buffett has bought about $2.6 billion worth of stock in Paramount Global, ... Buffett’s buy-in is a big deal for the company, which is facing tough competition in streaming from the likes ...
- Alex Weprin
May 4, 2024 · NEW YORK (Reuters) -Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for the decision. "It was 100% my decision, and we've sold it all, and we lost quite a bit of money," Buffett said at Berkshire's annual shareholder meeting in Omaha, Nebraska. Berkshire held 63.3 ...
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May 4, 2024 · The Omaha-based conglomerate had 63.3 million Paramount Global Class B shares as of the end of 2023. Warren Buffett said on Saturday Berkshire Hathaway sold its entire holding in Paramount at a ...
