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Paramount Global laid off more employees in 2024 than any of its rivals. A larger reckoning is still playing out. At Paramount—as moguls, executives, and 3 CEOs struggled for control—some ...
Paramount Global will lay off hundreds of employees following a record-setting Super Bowlthat garnered more than 123 million viewers across all company platforms, led by CBS.The job cuts, which ...
Paramount Pictures Corporation, commonly known as Paramount Pictures or simply Paramount, is an American film production and distribution company and the flagship namesake subsidiary of Paramount Global.
Bakish retained the role of CEO when CBS Corporation and Viacom reunited under a single company to form Paramount Global (then known as ViacomCBS), which closed on December 4, 2019. [76] In 2023, Bakish's total compensation from Paramount Global was $31.1 million, representing a CEO-to-median worker pay ratio of 274-to-1. [77]
Paramount is reportedly cutting 25% of staff in its domestic cable networks and shuttering its long-standing MTV News division after 36 years on air. Nine teams will be merged into one, according ...
[73] [74] Paramount's CBS News and Stations unit announced on May 5, 2023, that its eight CW stations would become independent on September 1, per the Nexstar buyout deal. [75] On August 7, Paramount announced that it had agreed to sell Simon & Schuster to private equity firm KKR for $1.6 billion in cash. [76] The sale was completed on October ...
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