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- Paramount (NASDAQ:PARA) (NASDAQ:PARAA) and Comcast (NASDAQ:CMCSA) have reportedly reached a renewal of their previous carriage deal ahead of its New Year’s Eve deadline.
- The deal between the two companies is expected to be similar to the previous deal, which was reached two years ago, Sports Business Journal reported, citing sources.
- The previous deal included Paramount’s CBS, CBS Sports Network and other channels owned by the Bob Bakish-led media company.
- Paramount and Comcast did not immediately respond to a request for comment from Seeking Alpha.
- Comcast shares fell 0.5% in late Friday trading while Paramount slipped 2.3%. Comcast shares have gained more than 23% in 2023, while Paramount is likely to end the year with a decline of more than 13%.
