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In a striking move, Zaslav’s mentor — the cable television pioneer John Malone — announced plans to step down as a voting member.

Both broadcast and cable television allow campaigns to advertise almost exclusively by where voters live or what programs they are watching.

Some argue that Fox News is a cable outlet and that the FCC has no jurisdiction over cable television.

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.