Paramount Sees Q3 Profit Slump on Content Investments

Shares of Paramount Global fell more than 10% in early trading Wednesday after the New York owner of the CBS broadcast network and Paramount movie studio said third-quarter net income fell due to investments in content for streaming and declines in its main business of securing revenue from advertisers and affilates.

Source: Paramount Shares Fall After Q3 Profit Slump

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