Paramount’s Sales, Profit Fall Short as Traditional TV Declines

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Paramount’s Sales, Profit Fall Short as Traditional TV Declines

Paramount Global, the parent of CBS and MTV, reported fourth-quarter sales and profit that fell short of analysts’ expectations, as gains in streaming failed to offset declines in traditional TV.

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Paramount Global misses quarterly sales estimates because the decline in cable TV is noticeable – TradingView News Paramount Global Para missed Wall Street sales expectations for the fourth quarter on Wednesday,... The post Paramount Global misses quarterly sales estimates because the decline in cable TV is noticeable – TradingView News appeared first on World News.

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Traditional TV business still biggest earner for Paramount, but streaming gains ground in 2024

Paramount’s streaming platforms include Paramount Plus, Pluto TV and BET Plus. (Courtesy image, Graphic designed by The Desk) Paramount Global’s traditional broadcast and cable television business continued to be the company’s biggest source of income in 2024, earning more than half of Paramount’s overall revenue for the year despite posting year-over declines in advertising and distribution fee revenue. During the year, Paramount earned $18.779…