Paramount delays $35M settlement with Trump as media giant fears bribery backlash: sources
Negotiations to settle Trump's $20 billion lawsuit against CBS News over the Kamala Harris "60 Minutes" interview entered their sixth month.
Paramount layoffs: TV and movie giant cuts 3.5% of U.S. workforce ahead of merger with Skydance Media, citing uncertain economy
Paramount Global is cutting 3.5% of its U.S. workforce as customers switch away from traditional pay-TV bundles in today's shifting media landscape and uncertain economy.
Paramount slashes jobs as streaming wars intensify
Paramount Global is slashing its U.S. workforce by 3.5% as it takes "hard, but necessary steps to further streamline" the company, according to a memo obtained by FOX Business.
Paramount to slash 3.5% of US staff in latest round of cuts: ‘Hard, but necessary'
The move follows a 15% reduction last year as part of a $500 million cost cutting plan. The company ended 2024 with 18,600 employees worldwide.
Paramount to cut additional 3.5% of US workforce
Paramount Global (NASDAQ:PARA) said on Tuesday it will reduce its US workforce by approximately 3.5%, cutting several hundred jobs as the media giant continues to adjust to ongoing disruptions in the industry, including cord-cutting trends. The latest layoffs follow a more substantial 15% reduction across the company's workforce last year.
Paramount is laying off 3.5% of its US workers. Read the memo its leadership sent to staff.
Paramount is cutting 3.5% of its US workforce amid linear TV declines. The layoffs follow similar moves by Disney and Warner Bros.
Paramount to cut 3% of U.S. workforce as it deepens cost-cutting
Paramount Global told employees it would be reducing its workforce by 3.5% and that the majority of the impacted staff would be alerted on Tuesday. It's the latest round of layoffs at the media company as it contends with cord-cutting and prepares to merge with Skydance Media.
Paramount Will Be A “Melting Ice Cube” If Trump Dooms Skydance Deal, Ex-FCC Commissioner Rob McDowell Says – But Even A 2-Member Agency Could Still Approve It
Paramount Global will be “a melting ice cube” if its pending $8 billion merger with Skydance Media doesn't close, former FCC commissioner Rob McDowell cautioned Thursday.
Paramount-Skydance Watch: Wall Street Analyst Increasingly Concerned Deal May Collapse
A prolonged FCC review against a backdrop of President Donald Trump's lawsuit is fueling speculation that a Paramount-Skydance marriage may be heading for the rocks.
Paramount Nominates Three New Directors, Sets July 2 Annual Meeting
The entertainment company is in the midst of negotiations to settle a lawsuit by President Trump against its CBS News division.
Paramount has offered $15 million to settle CBS lawsuit with Trump: report
Trump's team wants more than $25 million and is also seeking an apology from CBS News; it has also threatened CBS with another lawsuit related to alleged bias of its news coverage, the report added.
Shari Redstone in ‘tough spot' as Paramount board fears settling with Trump will open Pandora's box on bribery lawsuits: sources
The Paramount payment could be seen as a bribe to curry favor with the Trump administration and facilitate the Skydance deal.
