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Paramount’s profit falls on rising costs

Por: Fox Business Business November 02, 2022

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Paramount Global President and CEO Bob Bakish says the film industry giant is 'in the middle of a transformation.' Paramount Global reported a drop in third-quarter profit on higher costs, while revenue increased nearly 5% as the media company added 4.6 million subscribers to its Paramount+ streaming service. Both the top and bottom lines missed expectations. Shares fell about 11% in recent trading.The New York-based company said... + full article



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