“We’ll continue to look for a way to create value there,” Bakish said, adding the Showtime brand still matters. — Bloomberg
LOS ANGELES: The head of Paramount Global says it no longer makes sense to run its Showtime premium cable network as a standalone operation, citing the growing financial pressure on the TV industry.
Chief executive officer Bob Bakish said at an investor conference that Paramount was looking at “consolidation economics” at Showtime and how to “unlock synergies” between the channel and the company’s broader portfolio, including the newer Paramount+ streaming service.
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