ViacomCBS rebranded itself as Paramount Global (NASDAQ: PARA) last February. That relaunch ended a messy history between Viacom and CBS, which included a merger in 2000, a split in 2005, and a remerger in 2019.

Paramount's stock has declined 27% since then, mainly due to concerns about the macro headwinds for its advertising business and its streaming losses. But could this out-of-favor media stock bounce back over the next 12 months?

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Source Fool.com