Paramount Will Be ‘Diligent’ Exploring Alternatives, CFO Promises, As Management Focused On Turnaround
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Paramount Global Chief Financial Officer Naveen Chopra said management is chipping away at debt, cutting costs, heading towards streaming profitability and otherwise “focused on execution” but won’t ignore other opportunities to create value for shareholders. He declined to comment on the M&A chatter, which has zeroed in on David Ellison’s Skydance Media, Bryon Allen and, earlier, Warner Bros. Discovery.
This article was originally posted on deadline.com
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