Added to YB: 2026-03-24
Pitch date: 2026-03-21
PSKY [neutral]
Paramount Global
+12.01%
current return
Author Info
Accrued Interest is an TMT Equity Research Specialist. They manage their family office and write about business and investing. Former tv/radio executive. During corporate years, achieved +3,400% TWR in PA from ’16-‘24. Sign up for the newsletter.
Company Info
Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments.
Market Cap
$8.9B
Pitch Price
$9.20
Price Target
N/A
Dividend
1.56%
EV/EBITDA
9.73
P/E
-11.26
EV/Sales
0.76
Sector
Media
Category
special_situation
Dead on Arrival: 8 Reasons the Paramount-WBD Merger Will Fail
PSKY (overview): Combining PSKY + WBD creates $79B debt anchor preventing investment vs Big Tech. Two melting cable portfolios w/ 30% sub overlap don't reverse secular decline. Outgunned on sports rights (overpaid 2x for UFC at $1.1B/yr). Content scale fallacy—bloated vault means nothing w/o tech distribution. vMVPDs now hold leverage, won't pay for tier-2 networks. Culture clash: Ellison expansion vision vs austerity reality. Foreign funding + news ownership = regulatory risk 2028+. Not if, but when restructuring occurs.
Read full article (6 min)