Deprecated: Creation of dynamic property WC_Shopier::$shopierText is deprecated in /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php on line 68

Deprecated: Creation of dynamic property WC_Shopier::$medthod_title is deprecated in /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php on line 33

Deprecated: Creation of dynamic property WC_Shopier::$api_key is deprecated in /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php on line 41

Deprecated: Creation of dynamic property WC_Shopier::$secret is deprecated in /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php on line 42

Deprecated: Creation of dynamic property WC_Shopier::$payment_endpoint_url is deprecated in /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php on line 43

Deprecated: Creation of dynamic property WC_Shopier::$website_index is deprecated in /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php on line 44

Deprecated: Creation of dynamic property WC_Shopier::$use_adress is deprecated in /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php on line 45

Deprecated: Creation of dynamic property WC_Shopier::$msg is deprecated in /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php on line 46

Deprecated: Creation of dynamic property WC_Shopier::$callback is deprecated in /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php on line 55

Warning: Cannot modify header information - headers already sent by (output started at /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php:68) in /home1/inancex1/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1831

Warning: Cannot modify header information - headers already sent by (output started at /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php:68) in /home1/inancex1/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1831

Warning: Cannot modify header information - headers already sent by (output started at /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php:68) in /home1/inancex1/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1831

Warning: Cannot modify header information - headers already sent by (output started at /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php:68) in /home1/inancex1/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1831

Warning: Cannot modify header information - headers already sent by (output started at /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php:68) in /home1/inancex1/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1831

Warning: Cannot modify header information - headers already sent by (output started at /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php:68) in /home1/inancex1/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1831

Warning: Cannot modify header information - headers already sent by (output started at /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php:68) in /home1/inancex1/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1831

Warning: Cannot modify header information - headers already sent by (output started at /home1/inancex1/public_html/wp-content/plugins/shopier-payment-gateway-woocommerce/index.php:68) in /home1/inancex1/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1831
{"id":35068,"date":"2023-05-26T16:37:00","date_gmt":"2023-05-26T16:37:00","guid":{"rendered":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/"},"modified":"2023-05-26T16:37:00","modified_gmt":"2023-05-26T16:37:00","slug":"paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder","status":"publish","type":"post","link":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/","title":{"rendered":"Paramount pops after Buffett’s favorite banker makes ‘interesting’ bet in media giant’s key shareholder"},"content":{"rendered":"
\n
\n
\n
\n
\n

The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023.<\/p>\n

Patrick T. Fallon | AFP | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n

Paramount Global<\/a><\/span><\/span><\/span> shares jumped more than 5% on Friday after an investor known as Warren Buffett’s favorite banker piled into the media company’s controlling shareholder.<\/p>\n

National Amusements, Paramount’s majority voting shareholder, announced Thursday afternoon<\/a> that it has entered into an agreement for a $125 million preferred equity investment by BDT Capital Partners.<\/p>\n<\/div>\n

\n
Stock Chart Icon<\/title>Stock chart icon<\/desc><\/path><\/path><\/path><\/path><\/path><\/g><\/svg><\/p>\n

\"hide<\/img><\/p>\n<\/div>\n

Paramount<\/p>\n<\/div>\n

\n

Some Buffett watchers noticed a curious connection with the news. BDT Capital’s chairman and co-CEO is Byron Trott, who has long been known as Buffett’s preferred and trusted banker. It was Trott who suggested that Buffett put a $5 billion lifeline<\/a> in Goldman Sachs during the 2008 financial crisis.<\/p>\n

The connection didn’t end there. Buffett’s Berkshire Hathaway is actually Paramount’s biggest institutional investor with a stake of 15.4%, according to FactSet. Berkshire initially took the stake in the first quarter of 2022, and the bet is worth about $1.32 billion after Paramount’s recent sell-off.<\/p>\n

Paramount has slid more than 30% since the start of the second quarter after\u00a0its quarterly earnings and revenue missed analyst estimates, and the CBS parent slashed its quarterly dividend<\/a>.<\/p>\n

“So what we now have here is Trott having a say on what happens at NAI. And NAI having a say in what happens to Buffett’s 15% stake in PARA,” Don Bilson, head of event-driven research at\u00a0Gordon Haskett, said in a note. “Where this goes is TBD but with Buffett and his banker in the mix, this situation is more interesting today than it was when the week began.”<\/p>\n

‘Not good news’<\/h3>\n

Asked about Paramount at Berkshire’s annual shareholder meeting early May, Buffett, 92, struck a negative tone about the big dividend cut, while signaling his pessimistic outlook for the streaming business.<\/p>\n

“It’s not good news when any company passes its dividend, or cuts its dividend dramatically,” Buffett said. “The streaming business is extremely interesting to watch \u2026there’s a lot of companies doing it. And you need fewer companies or you need higher prices. And, well, you need higher prices or it doesn’t work.”<\/p>\n

It was unclear if it was Buffett who bought the Paramount position or his investing lieutenants, Ted Weschler and Todd Combs, each of whom oversees $15 billion at Berkshire.<\/p>\n

Upgrade from Loop<\/h3>\n

Loop Capital on Friday upgraded Paramount<\/a> to a hold rating from a sell in light of the BDT investment. The Wall Street firm said the bull case is that the financial pressure will force Paramount to find a buyer and shareholders will achieve private market value.<\/p>\n

“While we still believe a turnaround of PARA will be a challenge, investors’ perception of the company could change with a motivated seller, clever bankers, and Berkshire’s purse strings,” Loop Capital said in a note.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":"

The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023. Patrick T. Fallon | AFP | Getty Images Paramount Global shares jumped more than 5% on Friday after an investor known as Warren Buffett’s favorite banker piled into the media company’s controlling shareholder. National Amusements, Paramount’s majority…<\/p>\n","protected":false},"author":1,"featured_media":35069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-35068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nParamount pops after Buffett's favorite banker makes 'interesting' bet in media giant's key shareholder -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paramount pops after Buffett's favorite banker makes 'interesting' bet in media giant's key shareholder -\" \/>\n<meta property=\"og:description\" content=\"The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023. Patrick T. Fallon | AFP | Getty Images Paramount Global shares jumped more than 5% on Friday after an investor known as Warren Buffett’s favorite banker piled into the media company’s controlling shareholder. National Amusements, Paramount’s majority…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-26T16:37:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" \/>\n<meta name=\"author\" content=\"Finance World 24\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Yazan:\" \/>\n\t<meta name=\"twitter:data1\" content=\"Finance World 24\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tahmini okuma s\u00fcresi\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 dakika\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/\",\"url\":\"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/\",\"name\":\"Paramount pops after Buffett's favorite banker makes 'interesting' bet in media giant's key shareholder -\",\"isPartOf\":{\"@id\":\"https:\/\/www.financeworld24.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/financeworld24.com\/wp-content\/uploads\/2023\/05\/35068-paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder.jpeg?fit=1920%2C1080&ssl=1\",\"datePublished\":\"2023-05-26T16:37:00+00:00\",\"dateModified\":\"2023-05-26T16:37:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.financeworld24.com\/#\/schema\/person\/4c5bff3f6220ed14401e95362eb4a74f\"},\"breadcrumb\":{\"@id\":\"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/#breadcrumb\"},\"inLanguage\":\"tr\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"tr\",\"@id\":\"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/financeworld24.com\/wp-content\/uploads\/2023\/05\/35068-paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder.jpeg?fit=1920%2C1080&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/financeworld24.com\/wp-content\/uploads\/2023\/05\/35068-paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder.jpeg?fit=1920%2C1080&ssl=1\",\"width\":1920,\"height\":1080,\"caption\":\"paramount-pops-after-buffett’s-favorite-banker-makes-‘interesting’-bet-in-media-giant’s-key-shareholder\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.financeworld24.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Paramount pops after Buffett’s favorite banker makes ‘interesting’ bet in media giant’s key shareholder\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.financeworld24.com\/#website\",\"url\":\"https:\/\/www.financeworld24.com\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.financeworld24.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"tr\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.financeworld24.com\/#\/schema\/person\/4c5bff3f6220ed14401e95362eb4a74f\",\"name\":\"Finance World 24\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"tr\",\"@id\":\"https:\/\/www.financeworld24.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5548e3f1dd6c17a7b44aafcc0439787c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5548e3f1dd6c17a7b44aafcc0439787c?s=96&d=mm&r=g\",\"caption\":\"Finance World 24\"},\"url\":\"https:\/\/financeworld24.com\/author\/emreonyurt\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Paramount pops after Buffett's favorite banker makes 'interesting' bet in media giant's key shareholder -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/","og_locale":"tr_TR","og_type":"article","og_title":"Paramount pops after Buffett's favorite banker makes 'interesting' bet in media giant's key shareholder -","og_description":"The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023. Patrick T. Fallon | AFP | Getty Images Paramount Global shares jumped more than 5% on Friday after an investor known as Warren Buffett’s favorite banker piled into the media company’s controlling shareholder. National Amusements, Paramount’s majority…","og_url":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/","article_published_time":"2023-05-26T16:37:00+00:00","og_image":[{"url":"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg"}],"author":"Finance World 24","twitter_card":"summary_large_image","twitter_misc":{"Yazan:":"Finance World 24","Tahmini okuma s\u00fcresi":"2 dakika"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/","url":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/","name":"Paramount pops after Buffett's favorite banker makes 'interesting' bet in media giant's key shareholder -","isPartOf":{"@id":"https:\/\/www.financeworld24.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/#primaryimage"},"image":{"@id":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/financeworld24.com\/wp-content\/uploads\/2023\/05\/35068-paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder.jpeg?fit=1920%2C1080&ssl=1","datePublished":"2023-05-26T16:37:00+00:00","dateModified":"2023-05-26T16:37:00+00:00","author":{"@id":"https:\/\/www.financeworld24.com\/#\/schema\/person\/4c5bff3f6220ed14401e95362eb4a74f"},"breadcrumb":{"@id":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/#breadcrumb"},"inLanguage":"tr","potentialAction":[{"@type":"ReadAction","target":["https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/"]}]},{"@type":"ImageObject","inLanguage":"tr","@id":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/#primaryimage","url":"https:\/\/i0.wp.com\/financeworld24.com\/wp-content\/uploads\/2023\/05\/35068-paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder.jpeg?fit=1920%2C1080&ssl=1","contentUrl":"https:\/\/i0.wp.com\/financeworld24.com\/wp-content\/uploads\/2023\/05\/35068-paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder.jpeg?fit=1920%2C1080&ssl=1","width":1920,"height":1080,"caption":"paramount-pops-after-buffett’s-favorite-banker-makes-‘interesting’-bet-in-media-giant’s-key-shareholder"},{"@type":"BreadcrumbList","@id":"https:\/\/financeworld24.com\/paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.financeworld24.com\/"},{"@type":"ListItem","position":2,"name":"Paramount pops after Buffett’s favorite banker makes ‘interesting’ bet in media giant’s key shareholder"}]},{"@type":"WebSite","@id":"https:\/\/www.financeworld24.com\/#website","url":"https:\/\/www.financeworld24.com\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.financeworld24.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"tr"},{"@type":"Person","@id":"https:\/\/www.financeworld24.com\/#\/schema\/person\/4c5bff3f6220ed14401e95362eb4a74f","name":"Finance World 24","image":{"@type":"ImageObject","inLanguage":"tr","@id":"https:\/\/www.financeworld24.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5548e3f1dd6c17a7b44aafcc0439787c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5548e3f1dd6c17a7b44aafcc0439787c?s=96&d=mm&r=g","caption":"Finance World 24"},"url":"https:\/\/financeworld24.com\/author\/emreonyurt\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/financeworld24.com\/wp-content\/uploads\/2023\/05\/35068-paramount-pops-after-buffetts-favorite-banker-makes-interesting-bet-in-media-giants-key-shareholder.jpeg?fit=1920%2C1080&ssl=1","_links":{"self":[{"href":"https:\/\/financeworld24.com\/wp-json\/wp\/v2\/posts\/35068"}],"collection":[{"href":"https:\/\/financeworld24.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financeworld24.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financeworld24.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financeworld24.com\/wp-json\/wp\/v2\/comments?post=35068"}],"version-history":[{"count":0,"href":"https:\/\/financeworld24.com\/wp-json\/wp\/v2\/posts\/35068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financeworld24.com\/wp-json\/wp\/v2\/media\/35069"}],"wp:attachment":[{"href":"https:\/\/financeworld24.com\/wp-json\/wp\/v2\/media?parent=35068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financeworld24.com\/wp-json\/wp\/v2\/categories?post=35068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financeworld24.com\/wp-json\/wp\/v2\/tags?post=35068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}