• 11/25/2024

Paramount Writes Down Value of Cable-TV Business by $6 Billion

Wall Street Journal

Paramount Global, home of Comedy Central, MTV and Nickelodeon, wrote down the value of its cable-TV networks by nearly $6 billion one day after a rival, Warner Bros. Discovery, reported an even larger write-down.

https://www.wsj.com/articles/paramount-global-para-q2-earnings-report-2024-357cd193