Stock down 28% and dividend cut of by 79%

![Image upload](https://cdn.commonstock.com/22e9b4d49f7223986661f757e815d72900b13f094b04049bb74e221ff8b94f02-1600x900.png)

It's the first time since 2009 that Paramount reduced its dividend. 

Media companies are struggling to replace traditional TV revenue, as customers cancel each quarter, with streaming revenue as they build out direct-to-consumer businesses…. 


Joey Hirendernath

Paramount 🎬 what a disaster 😢

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