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Argus

Argus

Mar 04, 2026

Paramount Skydance Corporation: Agrees to acquire Warner Bros. Discovery

Symbols

PSKY

Sector(s)

Communication Services

Rating

Earnings Estimate

Current Price

$10.09

Price Target

Summary

Paramount Skydance is a worldwide media entertainment company. Legacy Paramount merged into Skydance Media on August 7, 2025. The publicly held Class B shares trade under the ticker symbol PSKY, comprise 30% of the equity of Paramount Skydance, and have no voting rights. An investor consortium led by the Ellison family and private equity firm RedBird Capital hold a 70% equity interest and 100% of the voting rights in the company.

Paramount produces and distributes television and cable programming over its networks, including the flagship CBS broadcast network; a stable of basic cable channels, including MTV Networks, VH1, Nickelodeon, Country Music Television, Comedy Central, and BET; a network of owned and affiliated local CBS broadcast television stations; and various digital streaming video platforms, including its flagship Paramount+ service and advertising-supported Pluto TV.

Paramount also produces and

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Analyst Profile

Joseph F. Bonner, CFA

Senior Analyst: Communication Services & Technology

Joe covers the Communication Services sector and selected software technology stocks for Argus. In 2010, he was named #5 Stock Picker for Telecom Services in the Wall Street Journal's Best on the Street Analyst Survey. In 2008, Joe was named #1 Stock Picker for Media: U.S. by the Financial Times and was second in the Wall Street Journal's Best on the Street Analyst Survey for Telecommunications: Fixed Line. For more than a decade, Joe worked with Technicolor Inc., where he focused on financial and legal issues. He received his Masters in Business Administration from Fordham University in New York, where he concentrated in Finance. He earned a BA in International Affairs from the George Washington University, and spent three years with the Peace Corps in Talgar, Kazakhstan, developing an English Language resource center and teaching students. Joe is a CFA charterholder.

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