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Communications Services Climb With Risk Appetite — Communications Services Roundup

Communications services companies rose as traders sought out the highest risk niches of the market.

Paramount Global, the media conglomerate that’s in buyout talks with studio Skydance Media, rose 2%.

Many Sports Illustrated staffers were told by publisher Arena Group they were being laid off on Friday, according to the union of the publication, putting the future of the once-prestigious magazine in question.

Write to Rob Curran at rob.curran@dowjones.com

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