Paramount loses £5bn as viewers turn off cable TV
![Paramount loses £5bn as viewers turn off cable TV](https://i.dailymail.co.uk/1s/2024/08/09/19/88363211-0-image-m-92_1723229364876.jpg)
The group, which owns Channel 5, as well as Nickelodeon and MTV, posted a writedown of £4.7billion on its TV business.
The group, which owns Channel 5, as well as Nickelodeon and MTV, posted a writedown of £4.7billion on its TV business.