BUZZ-Paramount Skydance falls following The Free Press deal
Reuters
Oct 08
BUZZ-Paramount Skydance falls following The Free Press deal
** Paramount Skydance Corp's PSKY.O shares are down 4% to $18.35 on Tues, a day after the media company announced it had acquired online news site The Free Press
** PSKY is on track for biggest daily pct decline since mid-Sept and will snap two straight sessions of gains
** PSKY named Bari Weiss editor-in-chief of CBS News, the news division of U.S. broadcaster CBS, as part of a deal to acquire the online news site she founded
** Among 27 analysts that cover PSKY, avg rating is "hold" and median PT is $11
** PSKY is up 74.3% YTD versus the S&P 500 index .SPX, which is up 14%
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