** Shares of Paramount Skydance 
PSKY rise 6% to $16.17 in premarket trading
** Co will invest $1.5 billion next year to expand streaming and revive its film studio, following completion of the $8.4 billion merger
** Analysts at J.P. Morgan said PSKY’s vision is promising, but significant execution is required in streaming and film, with benefits unlikely before late 2026
** Co reported third-quarter revenue of $6.7 billion, missing analysts’ estimate of $6.97 billion
** Media company to cut 1,600 jobs tied to Telefe and Chilevision divestitures, on top of 1,000 October layoffs and 600 voluntary exits
** 2 of 26 brokerages rate the stock “buy” or higher, 16 “hold” and 8 “sell” or lower; their median PT is $12 – data compiled by LSEG
** Up to last close, stock up 45.8% YTD