Paramount+ to Raise Subscription Price Essential and Premium Tiers After Weak Quarterly Revenue

Paramount Global said on Thursday it would raise prices of its flagship streaming service in some markets after reporting a lower-than-expected quarterly revenue, as a broader slump in the advertising market hit the CBS network owner. Shares in the company fell 7 percent before the bell. The stock has gained about 45 percent since the start of 2023 to Wednesday’s c…