Paramount's Decision: BET Majority Stake Remains Unsold

Paramount Global has decided not to sell a majority stake in its BET Media Group, which includes the BET channel, streamer BET+, VH1, and BET Studios. This comes after expressed interest from Tyler Perry, Byron Allen, Sean "Diddy" Combs, and others. Paramount has been looking to slim down its assets to focus on streaming, but its streaming division is still not profitable. The company recently sold off major book publisher Simon & Schuster and other properties. Paramount has faced challenges due to cord-cutting and declining subscriber numbers.