New managers. Same old problems.

Paramount Skydance said it posted a loss in the third quarter crimped by dynamics that have plagued the company that controls CBS, Paramount+ and Comedy Central for the last few years. Two of its biggest sources of revenue — TV ad sales and TV distribution fees — continued to erode. Overall pro forma revenue during the period fell 3%, to about $6.1 billion, while TV advertising fell 12% and fees from TV distribution dipped 7%

Paramount issued commentary Monday on its third fiscal quarter, but this is the first financial period under the management of new owners, the Ellison family and their hand-picked team. Expectations have been set low, with about 1,000 employees at the end of October and additional job cuts to be expected as the conglomerate grapples

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