Paramount Global is expected to take a $1 billion charge in Q1 for layoffs, restructuring, and content write-downs. The CEO acknowledges challenges in the ad market but sees bright spots ahead. Reducing programming spend is a top priority for the company as it races to make streaming profitable. Wall Street lacks enthusiasm despite the focus on earnings growth.
Paramount Focuses on Earnings Growth But Wall Street Lacks Enthusiasm https://t.co/gusuJqIOEq
Paramount Global Races to Make Streaming a Profit Center – But the Clock Is Ticking | Analysis https://t.co/vM3P5S4iV8
At Paramount, reducing programming spend has now become a top corporate priority https://t.co/xDUDm3L5ZI
It’s almost time for @LastCallCNBC! Talking Paramount Global earnings and potential hints about a sale/2024 strategy. Live on @cnbc at 7:15. $para
Paramount CEO: Ad market tough, but bright spots ahead https://t.co/tkPlcpQvch by @allie_canal
Paramount Global expects to take a $1 billion charge in Q1 for layoffs, restructuring and content write-downs. https://t.co/GqWUCPuKDY
Paramount Global Sees $1 Billion Charge in Q1 for Layoffs, Restructuring https://t.co/RCae4A1ihd via @variety
Paramount earnings preview: Investors eye improved financials amid rise in M&A noise https://t.co/Fvx3gaRZlj by @allie_canal