Published 14 days ago

Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

Berkshire Hathaway sold all remaining shares of Paramount, the parent company of CBS, MTV, and Paramount Pictures, at a loss, as revealed by Buffett during a shareholder conference.
By December 31, Berkshire held 63 million Paramount shares worth $816 million, per an SEC filing in February.
Paramount stock has dropped nearly 13% year-to-date and over 21% year-over-year.

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CNBC

Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

"I was 100% responsible for the Paramount decision," Buffett said. "It was 100% my decision, and we've sold it all and we lost quite a bit of money."

14 days ago·United States

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Globo

Berkshire selling participation in Paramount: "We lost a lot of money," Buffett says.

The CEO says the decision to cut the slice came from him: "I did it all by myself, guys."

14 days ago·Brazil

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Deadline

Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss. Speaking at the annual meeting of Berkshire Hathaway, his company, today in Omaha, NE, the billionaire investor took full ownership of the bad call. Despite speculation to the contrary, he said, “It was 100% my decision” to invest in Paramount in 2022. “We sold it all and we lost quite a bit of money. That happens in this business.” (Watch a clip of hi…

14 days ago·Los Angeles, United States

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WTVB

Warren Buffett says Berkshire sold entire Paramount holdings at a loss

NEW YORK (Reuters) – Warren Buffett said on Saturday Berkshire Hathaway sold its entire holding in Paramount at a loss, a decision he said was his sole responsibility. “It was 100% my decision and we’ve sold it all and we lost quite a bit of money,” Buffett said while speaking at Berkshire’s annual shareholder meeting in Omaha, Nebraska. The Omaha-based conglomerate had 63.3 million Paramount Global Class B shares as of the end of 2023. Para…

14 days ago

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The Economic Times

Warren Buffett says Berkshire sold entire Paramount stake at a loss

Berkshire held 63.3 million Paramount Class B shares at the end of 2023 or about 10.1% of the company. Paramount, like other studios, has been struggling to recover from strikes by Hollywood writers and actors last year, a soft advertising market and falling U.S. cable subscriptions that have eroded its TV profits.

14 days ago

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The Hollywood Reporter

Warren Buffett Has Sold His Paramount Stock: “We Sold it All, and We Lost Quite a Bit of Money”

The famed investor was the largest shareholder in Paramount's non-voting stock and took a steep loss on the sale, adding that he made the decision to buy in the first place.

14 days ago·Los Angeles, United States

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Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

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Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

Berkshire selling participation in Paramount: "We lost a lot of money," Buffett says.

Berkshire selling participation in Paramount: "We lost a lot of money," Buffett says.

Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

Warren Buffett says Berkshire sold entire Paramount holdings at a loss

Warren Buffett says Berkshire sold entire Paramount holdings at a loss

Warren Buffett says Berkshire sold entire Paramount stake at a loss

Warren Buffett says Berkshire sold entire Paramount stake at a loss

Warren Buffett Has Sold His Paramount Stock: “We Sold it All, and We Lost Quite a Bit of Money”

Warren Buffett Has Sold His Paramount Stock: “We Sold it All, and We Lost Quite a Bit of Money”

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