Major Media Conglomerate Paramount Global's Parent Company Receives $125 Million Investment, Alleviating Pressure on Stock Price

National Amusements received a $125 million investment to pay off loans secured by Paramount Global shares and eliminate future obligations, helping the stock price which has declined 50% this year.
The controlling owner of Paramount Global, National Amusements, is getting $125 million from BDT & MSD Partners to pay down debt and free up Paramount shares used as collateral.
Shares of Paramount Global rose over 6% after its main owner, National Amusements, announced a $125 million investment to cut interest costs and pay off debt.
Paramount Global has been looking to sell some assets amid a weak ad market hurting its TV business and is considering selling most of BET and another try at selling book publisher Simon & Schuster.
National Amusements' CEO expressed confidence in Paramount's ability to deliver value to shareholders and sees opportunities ahead for the company and shareholders.