Paramount's (PARA) Cuts and Mergers

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Paramount (PARA) is trading higher following reports of media executive Edgar Bronfman preparing a bid to merge Paramount and National Amusements. Paramount also agreed to terms of a merger with Skydance, recently laid off 15% of its workforce, and shuttered one of its TV studios. Naveen Sarma with S&P Global Ratings breaks down what all of this means for the stock's outlook.

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