Customers have been shunning cable TV for streaming platforms, eroding a lucrative profit engine for media companies and pressuring them to seek options for their legacy businesses. Paramount's total third-quarter revenue of $6.73 billion missed ...

Paramount Global missed quarterly revenue estimates on Friday as a lack of big hits at the box office and declines in its cable business outweighed better-than-expected subscriber growth at its streaming service after the return of NFL content.

The company still expects to close its merger with Skydance, the studio run by David Ellison, in the first half of 2025.