Paramount Global shares were down about 1% midway through the trading day after the company reported a mixed bag of first-quarter results
shares were down about 1% midway through the trading day after the company reported a mixed bag of first-quarter results.
dilemma of accelerating the demise of the sacred cash cows by pushing more value to streaming at the expense of linear.” Cord cutting is an ongoing worry for media investors. First-quarter results from major distributors like Comcast and Charter have indicated 2022 could see an uptick in the rate of video subscriber losses this year compared with 2021. Paramount said its affiliate and subscription revenue grew 1% year-over-year, citing higher revenues from rate increases and expanded vMVPD distribution as bright spots but acknowledging MVPD subscriber declines.
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