Paramount (PGRE) Company Overview

Paramount Group is an internally managed REIT focused on New York and San Francisco office properties, with 13.8 million square feet across 18 properties. PGRE's Manhattan properties are 85% leased and comprise 73% of gross asset value, while San Francisco properties are 83.6% leased with rising vacancy rates. The Manhattan office market is expected to flourish due to office-to-residential conversions and return-to-office mandates, contrasting with San Francisco's high vacancy rates.

Media giant Paramount Global and Nielsen have signed a new deal that would see the research firm provide measurement and analytics services across the CBS parent company's platforms, ending a long-running dispute.

Paramount Global has officially renewed its contract with Nielsen, four months after hitting an impasse over cost of services. The deal spans multiple years, effective immediately, and includes measurement for all Paramount platforms including national and local broadcast, all cable networks, and streaming on Paramount+ and Pluto TV, Nielsen announced Monday.

Paramount Global has been in detailed discussions with Donald Trump's team about settling his lawsuit against CBS over the way that a 60 Minutes interview with Kamala Harris was edited last year, we can confirm. Any settlement would be an extraordinary concession to Trump.

Paramount's ongoing standoff with Nielsen could lead to significant savings, potentially boosting profit margins by several hundred million annually if they permanently cut ties. Despite challenges, Paramount's content operations, particularly in sports and streaming, remain competitive, with notable successes in viewership and original programming. The potential merger with Skydance and strategic moves, such as the possible sale of BET, could further shape Paramount's future and valuation, but aren't crucial to its success.

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has sold a 45% interest in 900 Third Avenue, a 600,000 square foot Class A office building located on Third Avenue between 54th and 55th Streets in Midtown Manhattan, at a gross asset valuation of $210 million. Paramount will continue to own the remaining 55% interest and manage and lease the property. “We are excited to announce the sale of this non-controlling interest in 900 T.

Paramount Global's transaction with Skydance Media and a $6 billion investment from NAI Equity Investors may bring significant synergies and reduce net debt. Paramount+ subscriber growth and price increases are driving revenue and free cash flow growth, making PARA appear undervalued. Despite lower-than-expected EPS and revenue growth, PARA trades at a low valuation compared to peers, suggesting potential upside.

Paramount Global has renewed its distribution deal with Comcast , the companies said on Tuesday, ensuring the cable systems and services provider continues to offer the media giant's channels like CBS and Nickelodeon.

The planned $8.4 billion merger between Skydance Media and Paramount Global has sparked debates over its potential to redefine the competitive landscape of US media. While the proposal has faced significant opposition from critics citing regulatory and ethical concerns, the deal also holds implications for Hollywood's future amid mounting global competition and changing audience preferences.