Paramount Forecasts Strong Earnings And Sales
Paramount, owner of CBS and MTV, reported better than forecast earnings and sales to start the year. The company is currently working through regulatory demands regarding its pending acquisition of Warner Brothers Discovery. Paramount aims to close the deal for Warner this fall.
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Sources · 7 independent
KNX Los Angeles
“a price hike to the Paramount Plus streaming service helped CBS and MTV owner Paramount SkyDance lock in better than forecast earnings and sales to kick off the new year.”
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