Paramount isn’t planning to join fellow media giants Comcast and Warner Bros. Discovery in spinning off its cable assets.

On the company’s quarterly earnings call Tuesday, Paramount president Jeff Shell acknowledged the continued decline in cable viewership (and thus subscriber and advertising revenue), but he said the company plans to take a different approach in managing those assets.

“Cable continues to decline, for us and for everybody,” Shell said on the call. “It’s increasingly clear that streaming has become the replacement” for traditional multi-channel bundles.

Paramount isn’t planning to join fellow media giants Comcast and Warner Bros. Discovery in spinning off its cable assets.

On the company’s quarterly earnings call Tuesday, Paramount president Jeff Shell acknowledged t

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