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Wednesday, June 3, 2026

Paramount Writes Down Value of Cable-TV Business by $6 Billion

The slow-motion collapse of the cable-television business is coming into clearer focus. Paramount GlobalPARA-2.39%decrease; red down pointing triangle on Thursday wrote down the value of its cable-TV networks by nearly $6 billion, a day after rival Warner Bros. Discovery WBD -8.95%decrease; red down …

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