Colbert Criticizes CBS for Blocking Interview
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 hours ago
0mins
Should l Buy PSKY?
Source: CNBC
- Show Blocked: Colbert accused CBS of blocking his broadcast of Texas Rep. Talarico's interview, labeling CBS's statement as 'crap' and urging the network to stand up against 'bullies' in the Trump administration.
- Legal Intervention: CBS lawyers informed Colbert that airing the interview could violate new FCC guidelines requiring adherence to the equal time provision, resulting in the show's inability to air as planned.
- Social Media Impact: Despite the interview not airing on television, the video garnered over 4.4 million views on YouTube, indicating significant public interest and support for Talarico, which could influence the outcome of the Texas Democratic primary.
- Political Context: This incident occurs amid Paramount's hostile bid for Warner Bros. Discovery, potentially affecting the company's relationship with the Trump administration and its political stance in Texas.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PSKY?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PSKY
Wall Street analysts forecast PSKY stock price to rise
15 Analyst Rating
1 Buy
7 Hold
7 Sell
Moderate Sell
Current: 10.320
Low
8.00
Averages
14.08
High
19.00
Current: 10.320
Low
8.00
Averages
14.08
High
19.00
About PSKY
Paramount Skydance Corp, formerly New Pluto Global, Inc., is a holding company. It operates through its wholly owned subsidiaries, Paramount Global (Paramount) and Skydance Media, LLC (Skydance). Paramount is a global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Its consumer brands include CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. In addition to offering streaming services and digital video products, it also provides production, distribution and advertising solutions. Skydance is a diversified media company focused on creating event-level entertainment for global audiences. Skydance develops, finances and produces live-action and animated films, television shows, sports content and interactive games worldwide. Skydance has also produced 31 seasons of live-action and animated television content across 16 series and supplies content across a range of platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Amazon Stock Rebounds, Market Sentiment Improves
- Amazon Stock Rebound: Amazon shares rose over 1% yesterday, breaking a nine-day losing streak that saw an 18% drop and over $450 billion in market cap erased, indicating market skepticism regarding its future capital expenditures.
- Investor Movements: Berkshire Hathaway disclosed in a regulatory filing that it reduced its stake in Apple in Q4 while establishing a position in the New York Times, which saw its shares jump over 3% in after-hours trading, reflecting renewed interest in media stocks.
- Warner Bros. Deal Progress: Warner Bros. Discovery announced the restart of deal talks with Paramount, facilitated by a seven-day waiver from Netflix, aimed at addressing deficiencies in Paramount's offer, potentially impacting M&A dynamics in the media sector.
- Meta and Nvidia Partnership Expansion: Meta announced an expansion of its deal with Nvidia to utilize millions of AI chips for data center build-out, although financial terms were not disclosed, this move underscores the ongoing investment and collaboration potential among major tech companies in the AI space.
See More
Netflix Faces Challenges in Warner Bros. Acquisition
- Acquisition Overview: Netflix has agreed to acquire Warner Bros. studio assets and HBO Max for $27.75 per share, contingent on the planned spin-off of its cable networks, indicating a strategic move to expand its content library.
- Market Reaction: Despite Black's belief that Netflix will emerge victorious in the competition, investor sentiment has been dampened by regulatory concerns, with Netflix's stock price declining 15.34% year-to-date, reflecting cautious market outlook.
- Regulatory Investigation Impact: The U.S. Department of Justice is probing potential anticompetitive practices by Netflix and has issued a civil subpoena, which could further pressure its market position and affect investor confidence.
- Stock Performance Analysis: According to Benzinga Edge, Netflix shows weak price trends in the short and long term, with a momentum ranking at the 7th percentile and a quality ranking at the 78th percentile, indicating poor performance relative to peers and potentially impacting future investment decisions.
See More
Warner Bros. Investors Seek Bidding War Between Netflix and Paramount, But It May Not Happen.
- Warner Bros. Discovery's Strategy: Warner Bros. Discovery is positioning Paramount Skydance to compete against Netflix in acquiring CBS.
- Industry Competition: The move highlights the ongoing competition among major media companies for content ownership and market share.
- Implications for CBS: This strategy could significantly impact CBS's future direction and partnerships within the streaming landscape.
- Market Dynamics: The battle for CBS reflects broader trends in the media industry as companies seek to consolidate and enhance their content offerings.
See More
FCC Commissioner Accuses Paramount of Yielding to Political Pressure
- Free Speech Concerns: FCC Commissioner Anna Gomez criticized Paramount for allegedly yielding to political pressure by not airing an interview with Texas Senate candidate James Talarico, labeling it a troubling example of corporate capitulation, and emphasized that the FCC lacks authority to pressure broadcasters for political reasons, which could chill free expression.
- CBS Legal Block: On 'The Late Show,' host Stephen Colbert revealed that CBS lawyers informed him he could not air Talarico's interview or even mention the prohibition, indicating that Paramount may be reluctant to antagonize FCC Chair Brendan Carr, who has suggested revisiting rules that exempt talk shows from equal-time requirements for political candidates.
- Equal-Time Review: The FCC is reviewing whether ABC's 'The View,' owned by Walt Disney Co., violated equal-time rules after Talarico appeared on the program, highlighting an intensifying scrutiny of media exposure for political candidates by regulatory bodies.
- Stock Price Movement: Despite facing political pressure, Paramount's shares rose by 4.94% during Tuesday's regular session and an additional 0.50% in after-hours trading, reflecting market optimism about its short-term performance, although it continues to show a downward trend in the long term.
See More
Colbert Criticizes CBS for Blocking Interview
- Show Blocked: Colbert accused CBS of blocking his broadcast of Texas Rep. Talarico's interview, labeling CBS's statement as 'crap' and urging the network to stand up against 'bullies' in the Trump administration.
- Legal Intervention: CBS lawyers informed Colbert that airing the interview could violate new FCC guidelines requiring adherence to the equal time provision, resulting in the show's inability to air as planned.
- Social Media Impact: Despite the interview not airing on television, the video garnered over 4.4 million views on YouTube, indicating significant public interest and support for Talarico, which could influence the outcome of the Texas Democratic primary.
- Political Context: This incident occurs amid Paramount's hostile bid for Warner Bros. Discovery, potentially affecting the company's relationship with the Trump administration and its political stance in Texas.
See More
U.S. Stocks Close Mixed, Apple Shares Rise on Product Launch News
- Market Performance Fluctuates: On Tuesday, the S&P 500 rose by 0.10%, the Dow Jones increased by 0.07%, while the Nasdaq 100 fell by 0.13%, indicating a mixed market recovery from early losses, with the Nasdaq 100 hitting a 2.75-month low, reflecting investor caution towards tech stocks.
- Apple Product Launch Boost: Apple shares surged over 3% after announcing a product launch on March 4, with several new devices expected in the coming weeks, which not only boosted Apple's market performance but also generated positive sentiment across the tech sector.
- Airline Stocks Rally: Airline stocks showed strong performance on Tuesday, led by a 6% increase in Southwest Airlines after UBS upgraded its rating from neutral to buy with a price target of $73, which not only enhanced the overall performance of airline stocks but also contributed to a more optimistic market outlook.
- Mixed Economic Data: The U.S. February NAHB housing market index unexpectedly fell to a 5-month low of 36, below the expected 38, while the February Empire manufacturing survey slightly declined to 7.1, indicating uncertainty in economic recovery, as the market remains focused on upcoming corporate earnings and economic news.
See More
Amazon Stock Rebounds, Market Sentiment Improves
- Amazon Stock Rebound: Amazon shares rose over 1% yesterday, breaking a nine-day losing streak that saw an 18% drop and over $450 billion in market cap erased, indicating market skepticism regarding its future capital expenditures.
- Investor Movements: Berkshire Hathaway disclosed in a regulatory filing that it reduced its stake in Apple in Q4 while establishing a position in the New York Times, which saw its shares jump over 3% in after-hours trading, reflecting renewed interest in media stocks.
- Warner Bros. Deal Progress: Warner Bros. Discovery announced the restart of deal talks with Paramount, facilitated by a seven-day waiver from Netflix, aimed at addressing deficiencies in Paramount's offer, potentially impacting M&A dynamics in the media sector.
- Meta and Nvidia Partnership Expansion: Meta announced an expansion of its deal with Nvidia to utilize millions of AI chips for data center build-out, although financial terms were not disclosed, this move underscores the ongoing investment and collaboration potential among major tech companies in the AI space.
See More
Netflix Faces Challenges in Warner Bros. Acquisition
- Acquisition Overview: Netflix has agreed to acquire Warner Bros. studio assets and HBO Max for $27.75 per share, contingent on the planned spin-off of its cable networks, indicating a strategic move to expand its content library.
- Market Reaction: Despite Black's belief that Netflix will emerge victorious in the competition, investor sentiment has been dampened by regulatory concerns, with Netflix's stock price declining 15.34% year-to-date, reflecting cautious market outlook.
- Regulatory Investigation Impact: The U.S. Department of Justice is probing potential anticompetitive practices by Netflix and has issued a civil subpoena, which could further pressure its market position and affect investor confidence.
- Stock Performance Analysis: According to Benzinga Edge, Netflix shows weak price trends in the short and long term, with a momentum ranking at the 7th percentile and a quality ranking at the 78th percentile, indicating poor performance relative to peers and potentially impacting future investment decisions.
See More
Warner Bros. Investors Seek Bidding War Between Netflix and Paramount, But It May Not Happen.
- Warner Bros. Discovery's Strategy: Warner Bros. Discovery is positioning Paramount Skydance to compete against Netflix in acquiring CBS.
- Industry Competition: The move highlights the ongoing competition among major media companies for content ownership and market share.
- Implications for CBS: This strategy could significantly impact CBS's future direction and partnerships within the streaming landscape.
- Market Dynamics: The battle for CBS reflects broader trends in the media industry as companies seek to consolidate and enhance their content offerings.
See More
FCC Commissioner Accuses Paramount of Yielding to Political Pressure
- Free Speech Concerns: FCC Commissioner Anna Gomez criticized Paramount for allegedly yielding to political pressure by not airing an interview with Texas Senate candidate James Talarico, labeling it a troubling example of corporate capitulation, and emphasized that the FCC lacks authority to pressure broadcasters for political reasons, which could chill free expression.
- CBS Legal Block: On 'The Late Show,' host Stephen Colbert revealed that CBS lawyers informed him he could not air Talarico's interview or even mention the prohibition, indicating that Paramount may be reluctant to antagonize FCC Chair Brendan Carr, who has suggested revisiting rules that exempt talk shows from equal-time requirements for political candidates.
- Equal-Time Review: The FCC is reviewing whether ABC's 'The View,' owned by Walt Disney Co., violated equal-time rules after Talarico appeared on the program, highlighting an intensifying scrutiny of media exposure for political candidates by regulatory bodies.
- Stock Price Movement: Despite facing political pressure, Paramount's shares rose by 4.94% during Tuesday's regular session and an additional 0.50% in after-hours trading, reflecting market optimism about its short-term performance, although it continues to show a downward trend in the long term.
See More
Colbert Criticizes CBS for Blocking Interview
- Show Blocked: Colbert accused CBS of blocking his broadcast of Texas Rep. Talarico's interview, labeling CBS's statement as 'crap' and urging the network to stand up against 'bullies' in the Trump administration.
- Legal Intervention: CBS lawyers informed Colbert that airing the interview could violate new FCC guidelines requiring adherence to the equal time provision, resulting in the show's inability to air as planned.
- Social Media Impact: Despite the interview not airing on television, the video garnered over 4.4 million views on YouTube, indicating significant public interest and support for Talarico, which could influence the outcome of the Texas Democratic primary.
- Political Context: This incident occurs amid Paramount's hostile bid for Warner Bros. Discovery, potentially affecting the company's relationship with the Trump administration and its political stance in Texas.
See More
U.S. Stocks Close Mixed, Apple Shares Rise on Product Launch News
- Market Performance Fluctuates: On Tuesday, the S&P 500 rose by 0.10%, the Dow Jones increased by 0.07%, while the Nasdaq 100 fell by 0.13%, indicating a mixed market recovery from early losses, with the Nasdaq 100 hitting a 2.75-month low, reflecting investor caution towards tech stocks.
- Apple Product Launch Boost: Apple shares surged over 3% after announcing a product launch on March 4, with several new devices expected in the coming weeks, which not only boosted Apple's market performance but also generated positive sentiment across the tech sector.
- Airline Stocks Rally: Airline stocks showed strong performance on Tuesday, led by a 6% increase in Southwest Airlines after UBS upgraded its rating from neutral to buy with a price target of $73, which not only enhanced the overall performance of airline stocks but also contributed to a more optimistic market outlook.
- Mixed Economic Data: The U.S. February NAHB housing market index unexpectedly fell to a 5-month low of 36, below the expected 38, while the February Empire manufacturing survey slightly declined to 7.1, indicating uncertainty in economic recovery, as the market remains focused on upcoming corporate earnings and economic news.
See More
