Paramount Global stock was inching lower on Friday after a so-so third-quarter earnings report. Streaming was the clear highlight for the media and entertainment company.The CBS and Paramount Pictures parent posted an adjusted profit of 49 cents a share,

Paramount’s streaming business posted its second consecutive profitable quarter, as the company prepares for a merger with David Ellison’s Skydance Media. The Paramount+ streaming service a

Overall revenue dropped 6% at Paramount to $6.73 billion in the three months ended Sept. 30, missing analysts’ forecasts of $6.95 billion. Adjusted earnings per share from continuing operations were 49 cents,