It's Naveen. Their intent, and I don't really leave it to the joint venture, which, by the way, our other partners, Reliance, to speak to that, and they haven't spoke to it much. She is currently a member of the International Womens Forum and a lifetime member of the Council on Foreign Relations. Here are the five most liberal CEOs, according to the firm's rankings: 5. Q2 showed a company that it's taking market share in streaming, in broadcast, in box office and in upfront dollars. Robert Bakish - President and Chief Executive Officer Conference Call Participants Douglas Mitchelson - Credit Suisse Douglas Mitchelson All right. Enjoying this newsletter? Let me start. Its also widely known that Caruso changed his party affiliation to Democratic in late January of this year, less than a month before filing to run in the 2022 mayoral election. But Secretary of State Shirley Weber has delayed her announcement on qualification until Feb. 22, several weeks after candidates have launched campaigns and started lining up donors. When Bakish first went to work for Viacom it wasnt as the head of the company but it was in a leadership position. So we're very excited about this transformation journey that we're on. For instance, Paramount+ continues to expand internationally, leveraging our rich heritage as a truly global operating company. Paramount+ saw continued engagement improvement as our content offering expanded even further. Just wondering if you could talk in some more detail about the impacts of the macroeconomic environment that you're seeing in the business and particularly what you're seeing in terms of advertising demand across your own platforms. In 2006, Ms. McHale worked with private equity firm Global Environment Fund to launch the GEF/Africa Growth Fund, an investment vehicle focused on supplying expansion capital to small and medium-sized enterprises that provide consumer goods and services in emerging African markets. Get up to speed with our Essential California newsletter, sent six days a week. For more than 20 years, Ms. Griego oversaw the operations of Engine Co. No. Rick Caruso fields media questions on Thursday. And is there a better level we should look at? He's held the position since December of 2016 after working several years with the company. But look back across his time in office and you find a majority of voters have given him good marks in every PPIC poll since January 2020, before pandemic concerns reached California. We couldn't be prouder. And as part of that, could you talk a little bit your international programming strategy? Later this year, the biggest show on television, Yellowstone, returns for its fifth season to the Paramount Network in the U.S. By subscribing, I agree to the Terms of Use and Privacy Policy. The partys name is no accident, of course, as the group references the American Revolution-era writings of Thomas Paine on its website. TV Media affiliate revenue declined 3% in the quarter. And our 2023 fleet is anchored by fresh commercial takes on some of our most popular and new franchises: from TRANSFORMERS and Teenage Mutant Turtles to Dungeon & Dragons and PAW Patrol, to name just a few. And then we have Germany and Austria and Switzerland with Sky in December, I believe, as well as France with CANAL+. These risks and uncertainties are discussed in more detail in our filings with the SEC. The start-up effort to break the two-party orthodoxy is being organized by a pair of former California lawmakers who spent much of their time in office as ideological misfits. If you like pizza, youll know the name Papa Johns. Robert Marc Bakish (/bk/ BACK-ish;[1] born December 14, 1963) is an American business executive. Try it now! Only three other parties have ever had full status in California in the past quarter-century all three ultimately failed to retain enough registered voters. Ms. McHale has extensive experience leading a major media conglomerate with a background in operations and financial management, expertise in global affairs, experience in government affairs and extensive public company and corporate governance experience. Caruso greets customers at Grand Central Market on Thursday. My name is Elliott, and I'll be the conference operator today. A new bill in the state Senate could change that. It's an important part of the equation. At this time, I would like to welcome everyone to Paramount Global's Q2 2022 Earnings Conference Call. [25][37][2] Under his leadership, the Paramount Channel was launched, offering movies and television shows in Europe, Latin America and Russia. Yes. Prior to the recombination of Viacom and CBS, Bakish was the President and Chief Executive Officer of Viacom since December 2016. Their poll released Wednesday found 56% of those surveyed say Newsom is doing a good job. Bakish previously headed the companys international business as President and CEO of Viacom International Media Networks (VIMN) since 2007. And I think we'll probably finish the year with very healthy revenue growth across the segment. Our audience reach across broadcast, cable, ad-supported SVOD at Paramount+ and free ad-supported streaming TV in Pluto TV represents a connected viewing ecosystem that produces over 1 trillion ad impressions per year in high engagement premium environment that are proven to drive outcomes for clients. Tech: Matt Latourelle Nathan Bingham Ryan Burch Kirsten Corrao Beth Dellea Travis Eden Tate Kamish Margaret Kearney Eric Lotto Joseph Sanchez. At the same time, he guided the company to launch Viacom Play Plex and other innovative mobile streaming offerings that introduced a new generation of young audiences to Viacoms popular brands and IP. Interns wanted: Get paid to help ensure that every voter has unbiased election information. We also maintained a committed $3.5 billion credit facility that remains undrawn. Q2 showed a company that it's taking market share in streaming, in broadcast, in box office and in upfront dollars. Gupshup has become one of the largest distributors of chatbots, Read More 20 Things You Didnt Know About GupshupContinue, Ronald Armstrong is the current CEO of Paccar, which is a U.S. corporation that manufactures commercial vehicles for customers situated throughout the world. But also with targeting, we see IQ and Pluto playing there and therefore benefiting as well. Yes, Steven, let me take the Pluto piece and then Naveen will go from there. From June 2010 to December 2017 he was Vice Chairman of Investment Banking and Capital Markets at Credit Suisse. How to run for office | Morgan Miller, chair of a political action committee promoting Rep. Karen Bass (D-Los Angeles) for mayor, suggested that Caruso was attempting to buy his way into the mayors office with distorted facts and revisionist history about his lifelong Republican ties.. Both of those have hard bundle elements to them. Nothing is certain except death, taxes and Rick Caruso is a Republican. But really, competition is nothing new. You Quiz Candidates Elections Issues Discuss. She has worked with executives at AARP, Ascena, Ann Inc., Blackstone, CitiVentures, Coach, Kohls, IBM, eBay, Facebook, GE, Target, Starbucks, Oprah Winfrey Network, Weight Watchers, Viacom, The CW and Yahoo!, among many others. And we know how to transact in upfront. Bob, maybe you could share your thoughts on your expectation for changes to the competitive landscape for streaming advertising as we move into the back half of the year. Remember, Rich, we've only been in the streaming business for a short time. But I think it continues to be evidence that they are both very compelling products, and they both serve unique and large markets. I'll start this morning by talking about Q2 highlights and preview what's next. And we regularly see the value of serving consumers that don't pay for streaming as well as the ones that do, and obviously, the associated ad access. Caruso served as Kasichs California co-chair and was outspoken about his dislike for then-candidate Donald Trump. Importantly, Bakish created a new, unified global streaming organization and strategy to maximize Paramount content across pay, free and premium streaming services spotlighted by Paramount+, Pluto TV and Showtime OTT. And yes, we've got to manage through some near-term macroeconomic headwinds, but we will. So what does that do? We finished the quarter with $4 billion of cash on hand and total debt of $15.8 billion. Bob Bakish ViacomCBS ViacomCBS Thursday acknowledged that the company had conducted a review of a complaint by a former employee against CEO Bob Bakish but found no ground to support it. Just could you give us a sense of your appetite to build that out as a part of the offering as you grow the business outside the U.S.? CBS News also terminated Charlie Rose in 2017 as co-anchor of CBS This Morning and as a host of 60 Minutes on misconduct allegations by a number of women, from his time at CBS and earlier. How to vote | All those have hard bundled elements, but again, have a broader distribution to penetrate broad distribution elements to parachute to TAM. As the fourth largest pizza delivery restaurant chain in the United States, its been keeping us supplied with cheesy goodness for over 36 years. He was listed by the Hollywood Reporter in its listing of The most powerful people in entertainment 2018 as number 20 out of 100. Robert Bakish is a very busy executive with his responsibilities leading the Viacom company, and all of the various boards and forums that he serves on. Were looking for character, said Tom Campbell, a former state senator and member of Congress who serves as the partys chairman. iSideWith.com may earn a portion of sales from products that are purchased through our site as part of our affiliate partnerships with retailers. And as you pointed out, our content dollars are used differently than many of our peers. The combination of streaming and traditional is significant. And just sort of two related questions. He has been President and CEO of Paramount Global since December 4, 2019, formerly holding the same position at Viacom before the merger with CBS Corporation. And we're still operating with that in mind. Robert Bakish, CEO of Viacom Pau Barrena/Bloomberg Investors have tuned into CBS stock amid new sexual harassment accusations against chief executive Leslie Moonves that led to Moonves'. in Operations Research from Columbias School of Engineering and Applied Science. In addition to his responsibilities as CEO he is also charged with sitting on Viacoms Board of Directors. And of course, we will continue to have a lot of innovation and discipline on the cost side of the equation, and that's true across programming, it's true across marketing, and it's true across our broader operations. State legislature | Jerry Brown in 2014. Should someone be thinking otherwise, the most recent campaign finance report shows the governor has almost $25 million in the bank. Their goal is to appeal to voters who place value in collaboration, compromise and pragmatism. And while macroeconomic conditions are likely to continue to affect advertising demand and impact TV Media financials, political advertising as well as price increases negotiated in this year's upfront, in combination with continued expense discipline, should help mitigate market-driven headwinds, particularly in Q4. In fact, we saw an acceleration of that from Q1 to Q2. So let me show you how, starting with film. For the full year, our outlook for stable year-on-year OIBDA at Filmed Entertainment remains unchanged. She has represented numerous public and private entities and has served as counsel to their boards and independent trustees. He started with a thorough housecleaning operation. He previously worked as a partner with Booz Allen & Hamilton in its Media and Entertainment practice. Ms. Schuman spent seven years at Apple Computer, where she was Group Manager of Worldwide Product Marketing. as evidenced by sequential and year-over-year growth in titles viewed per active domestic subs. The combination of subscriber growth and engagement drove Paramount+ revenue growth of 120%, including subscription revenue growth of 126% and advertising growth of 92%. Candidates. Audit Committee Member, Compensation Committee Member. That's right, the Wall Street banker who runs a firm . And at the core of it, it's our differentiated as we say, playbook. Robert Marc Bakish received an MBA from Columbia Business School and an undergraduate degree from Fu Foundation School of Engineering & Applied Science. That would normally be about 72,600 voters, but the law also requires excluding unaffiliated voters in the calculation. But longer term, we do still remain confident that once that advertising market recovers, we can deliver TV Media -- stable TV Media OIBDA, and that's enabled by a combination of a few things. Today, I will highlight some of the key financial and operational drivers behind our second quarter results and share some insight on expectations for the second half of the year. So we like that strategy. Nominating and Governance Committee Chair. To your question of is this Q2 only boost to subs? iSideWith.com is the worlds most popular voting guide for citizens to find information about elections, political parties, candidates, voting districts and popular political issues in their country. Menu Candidates > Robert Bakish . What the voters of the city care about is crime and homelessness and corruption.. Do Not Sell or Share My Personal Information, changed his party affiliation to Democratic, Man arrested in connection to 7 bombings in Fresno has links to hate group, authorities say, Vote on LAPD transit patrols sparks City Hall debate over safety on Metro system, UCLA, UCSF hospital nurses voice complaints about overcrowding, staffing shortages, Before and after photos from space show storms effect on California reservoirs, Dramatic before and after photos from space show epic snow blanketing SoCal mountains, Yet more rain expected to hit California in March. Yes. As a Democrat, Im a centrist, Caruso said, describing himself as fiscally conservative but socially accepting of how people want to live their lives., He didnt want to return to the Republican Party, he said, because he worried about the direction it was heading. Thank you taking the time to join us for our second quarter 2022 earnings call. With that in mind except death, taxes and Rick caruso is Republican! 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