Paramount Global is exploring the sale of BET Media Group and VH1, according to The Wall Street Journal, as it focuses on its streaming platform.

Closing Bell

WSJ: Paramount Exploring Majority Stake Sale Of BET & VH1

And the Wall Street Journal reported that Paramount Global exploring the sale of B E T Media Group, the reports saying that Paramount is offering a majority stake in the subsidiary that includes cable channels, B E T and VH One will B E T black entertainment television as it's short for was the first national channel specifically targeting black viewers comes as Paramount is focusing more on beefing up its streaming platform. Paramount Plus pouring money into it as it attempts to compete with the likes of Disney plus HBO Max and Netflix and that stock down 2% today.