Why Warren Buffett Bought Paramount, Not Netflix, Stock - Barron's

Legacy television and movie distribution are looking like more of an asset than a drag amid the shift to streaming.

Older viewers love CBS, but Im guessing that Warren Buffett didnt just drop $2.6 billion on shares of network parent Paramount Global because hes a big fan of NCIS: Hawaii. He might be betting that i… [+334 chars]

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