Paramount To Lay Off 15% Of US Workforce As Streaming Generates Its First-Ever Profit
Woe is linear. Paramount is writing down its cable TV business by $6 billion and laying off 15% of its US workforce in advance of the Skydance merger.
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Chris McCarthy
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Paramount Is Buried In Shareholder Drama – But Stakes Its Future On Streaming
Paramount Global is reeling from shareholder pushback against a pending merger with private equity-backed production company Skydance Media. In the meantime, it’s hoping to impress advertisers with streaming subscriber and advertising growth.