Communications Services Down Ahead of Earnings -- Communications Roundup

Communications services companies fell ahead of earnings reports.

Paramount Global rose ahead of the Hollywood studio and streaming service's earnings report. After the bell, Paramount said that Chief Executive Bob Bakish had stepped down. The move was a hint that major shareholder Shari Redstone's efforts to sell the entertainment conglomerate to suitors -- who include Larry Ellison-backed Skydance Media and investment firm Apollo Global -- was moving forward.

Bondholders of Dish Network sued the struggling telecommunications company over transactions that they say moved billions of dollars in assets out of their reach.

Federal regulators fined wireless carriers Verizon, AT&T, T-Mobile and Sprint nearly $200 million for sharing customer-location data without consent.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

04-29-24 1800ET