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Paramount Writes Down Value of Cable-TV Business by $6 Billion and Cuts 2,000 Jobs

Paramount Writes Down Value of Cable-TV Business by  Billion and Cuts 2,000 Jobs




Paramount Global, residence of Comedy Central, MTV and Nickelodeon, wrote down the worth of its cable-TV networks by almost $6 billion and lower 15% of its workforce, a day after rival Warner Bros. Discovery reported a good bigger write-down.

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Written by EGN NEWS DESK

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