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America First News
25 Jun 2023
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Front Page Magazine: CBS News May Be Gone In a Few Years
Paramount Global, the new name for ViacomCBS, may soon put CBS News up for sale, as it offers no value to the company in an era where the focus in the media industry is on subscription platforms, not ad-supported network viewing. CBS’s morning and evening newscasts are low rated and lose money, so both could be cancelled, and sources suggest that Paramount Global may put out a request for proposals to sell CBS's sprawling, 600,000 square-foot broadcast centre on West 57th Street in Manhattan. Analysts suggest the future is in streaming subscription packages, and Paramount Global has, according to equity analyst Steven Cahall of Wells Fargo, “one to two years” of chasing a streaming profit that may never come, and riding out the last gasps of linear television, before “the break-up becomes inevitable”.