Paramount Preps for Long Writers Strike, Takes Streaming Loss

Even though Paramount+ broke 60 million subscribers, it wasn’t enough to stop the parent company’s stock from tumbling 25% Thursday morning. Paramount slashed its dividend from 24 cents to 5 cents per share–the first time the company reduced its dividend since 2009–and hopes to save $ 500 million from the cut. CEO Bob Bakish reaffirmed during…
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