Paramount Global confirmed today that despite the noise it still expects the merger with Skydance to close in the first half of the year as the company reported mixed quarterly numbers with misses on the top and bottom lines.

As Paramount continues to make the transition from a TV-first model to a business where streaming is expected to do much of the heavy lifting, the legacy medium remains its biggest driver of revenue.

Paramount Global Inc. swung to a loss in the fourth quarter despite marked growth in its streaming service, as the company said it was still on target to close its merger with Skydance in the first half of this year.