1618 ET - Paramount's traditional TV division continues to weigh on its results. The company's TV media segment recorded another decline in the first quarter, with revenue down 6%, hurt by decreases in both advertising and affiliate revenue, while its direct-to-consumer and studios segments both posted growth. The company says its affiliate trends were weighed down by continued pay TV subscriber erosion, a trend it expects to continue this year. Paramount expects its linear advertising declines to moderate a bit this year compared with 2025, including with expected political spending this year, it says. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 04, 2026 16:18 ET (20:18 GMT)
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