write down

The company took a $6-billion write-down on its cable television networks business, in yet another sign that Hollywood is reckoning with the ongoing deterioration of the traditional television business.

Last summer, the company took a $9 billion write-down to reflect the lower value of those basic cable channels.

In August, Paramount took a $6-billion write-down to account for the declining value of its cable television portfolio and so it entered the negotiations with Google with a weaker hand.

In August, Paramount took a $6-billion write-down to account for the declining value of its cable television portfolio.

Its film studio was in such a slump that Tokyo parent company Sony Corp. took a nearly $1 billion write-down just months before Vinciquerra was announced as the new chief executive and chairman.