The Shari Redstone-controlled media conglomerate is battling to replace lost linear TV revenues with streaming and other digital revenues as it responds to fast-changing consumer TV viewing habits. The ratings agency resolved its credit watch after Paramount Global, led by CEO Bob Bakish, unveiled its fourth quarter earnings on Feb. 28, 2024, where Paramount+ hit 67.5 million subscribers and shrunk its streaming loss to $490 million.