Paramount Global reported weaker-than-expected earnings, highlighting the challenges of its transition to streaming amid declining traditional media segments.

Paramount Global fell short of Wall Street's fourth-quarter revenue expectations on Wednesday as a continued decline in its cable TV unit clouded higher-than-expected subscriber growth for its Paramount+ streaming platform.

Paramount Global's co-CEOs told employees it will change some of its DEI programs to comply with the Trump administration's directives.

The studio is currently being sued by the president for $20 billion The post Paramount Rolls Back DEI Policies to Comply With Trump Amid Its Pending Skydance Merger appeared first on TheWrap.

Companies across the entertainment industry have been rethinking diversity initiatives and programs amid a larger crackdown driven by the White House.

Paramount Global Inc. swung to a loss in the fourth quarter despite marked growth in its streaming service, as the company said it was still on target to close its merger with Skydance in the first half of this year.

Paramount Global said it swung to a loss in the fourth quarter, as a surge in costs tied to content and restructuring offset robust performance by the media conglomerate’s film and streaming operations.