Reported about 2 months ago
Paramount Global is exploring the sale of 12 local TV stations, viewed as non-core assets, in a move to raise funds amid ongoing restructuring efforts. The stations, located in major markets including New York and Dallas, could attract interest from private equity and broadcasting firms, with potential sale prices ranging from $500 million to $1 billion. The process is still in its early stages, and any significant deal is anticipated to unfold several months down the line, particularly after the upcoming US presidential election.
Source: YAHOO