Paramount Considering Sale Of 12 Local TV Stations, Potentially Valued Between $500M And $1B
Portfolio Pulse from Benzinga Newsdesk
Paramount is considering selling 12 local TV stations, with a potential valuation between $500 million and $1 billion. This move could impact the company's financials and strategic direction.
August 26, 2024 | 6:17 pm
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Paramount is exploring the sale of 12 local TV stations, potentially valued between $500 million and $1 billion. This could significantly impact the company's asset portfolio and financial strategy.
The sale of local TV stations could provide Paramount with significant capital, potentially improving its financial position and allowing for reinvestment in other strategic areas. This move indicates a shift in asset management and could positively influence the stock price in the short term.
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