ViacomCBS Inc. /zigman2/quotes/200340870/composite VIAC +1.71% withdrew its 2020 financial forecast Friday while providing some updates on the business amid the COVID-19 pandemic. The media company has seen viewership grow for its broadcast and cable properties but it has experienced production delays, Viacom said in a filing with the Securities and Exchange Commission. Viacom is "working proactively to offset a portion of anticipated revenue losses through cost-savings initiatives" and still expects to achieve $750 million of full run-rate cost synergies from the merger between Viacom and CBS over he next three years. The company still targets 16 million domestic paid streaming subscribers and 30 million monthly active users on its Pluto TV platform by the end of 2020. Viacom warned that the novel coronavirus outbreak "could be material to the company's operating results, cash flows and financial position" but that the magnitude is hard to predict due to the evolving nature of the crisis. The company had not drawn on its revolving credit facility as of Thursday. The shares are off about 3% in premarket trading Friday and they've fallen 41% over the past month as the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.20% has declined 12%.