Paramount Global faces turmoil as CEO Bob Bakish is reportedly pushed out amidst shareholder pushback against the pending merger with Skydance Media. The merger aims to address the company's debt but has led to instability and changes in leadership.
Despite the leadership shakeout, Paramount emphasizes its streaming and advertising success, with Paramount+ gaining 3.7 million subscribers last quarter. Streaming ad revenue saw significant growth, outpacing total ad revenue growth.
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