Communications services companies fell as the Paramount Global deal saga continued.

Shares of the Hollywood studio fell by more than 6% after Shari Redstone's National Amusements, which controls the company, reportedly decided to stop negotiations with Skydance Media -- the Larry Ellison affiliated studio that struck a tentative deal to buy out Paramount.

Write to Rob Curran at

(END) Dow Jones Newswires

06-11-24 1811ET