Amid the multibillion-dollar battle for Warner Bros., the company loses $252 million

Paramount’s traditional TV networks—like CBS, Comedy Central, and MTV—are seeing a significant decline in viewers and revenue, and the company’s film studio is currently operating at a loss. In the last three months of the previous year, Paramount reported an operating loss of $339 million, which included $500 million in costs related to restructuring after David Ellison’s Skydance Media acquired a controlling stake in August.