Viacom’s Paramount ‘Fumbles’ Under Media Conglom

Bloomberg: Paramount Pictures has faded like so many one-time Hollywood stars, a stripped-down outfit struggling to reclaim a long run of glory. Its parent, Viacom, has put a stake up for sale, and the question is whether it can attract an outside investor to help restore the mojo. Analysts can reel off missteps and missed opportunities under former Viacom chief Sumner Redstone and current boss Philippe Dauman. “Paramount has fumbled away a lot of things in the last few years.’’