Gulf + Western Inc.
American corporation
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Updated:
- Date:
- 1958 - 1994
- Ticker:
- PARA
- Share price:
- $10.58 (mkt close, Nov. 20, 2024)
- Market cap:
- $7.54 bil.
- Annual revenue:
- $28.87 bil.
- Earnings per share (prev. year):
- $-9.06
- Sector:
- Communication Services
- Industry:
- Media
Gulf + Western Inc.,, corporation that was founded in 1958 by Charles Bluhdorn and became one of the most highly diversified conglomerates in the United States. Gulf + Western took control of the Paramount Pictures Corporation (q.v.) in 1966. Gulf + Western changed its name to Paramount Communications Inc. in 1989 and was acquired by the media conglomerate Viacom Inc. (q.v.) in 1994.