With free cash flow at just $96 million, the $110 billion Warner Bros. bid faces a ticking fee Paramount can barely afford as states want a 2027 trial.

With free cash flow at just $96 million, the $110 billion Warner Bros. bid faces a ticking fee Paramount can barely afford as states want a 2027 trial.

Paramount said Tuesday that it generated $6.91 billion in revenue for the second quarter, up 1% from the same period a year ago.