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Paramount misses revenue estimates as weak ad market offsets streaming gains

Paramount Global’s quarterly revenue on Wednesday fell short of Wall Street expectations, weighed down by intense competition from streaming rivals and a weak advertising market. The company’s shares fell nearly 2% in trading after the bell. The media industry is grappling with changing landscapes, including streaming’s growing dominance over traditional television and the impact of […]

Speaker Johnson to Move Stand-Alone Israel Aid Without Offsets

House Speaker Mike Johnson (R-Louisiana) plans to bring a new Israel aid bill to the floor without any spending cuts or offsets. The plans, announced in a letter to colleagues on Saturday, are a reversal from Prime Minister Boris Johnson’s previous position. Last year, early in Johnson’s tenure as prime minister, the House of Representatives […]