Latest in paramount global

Deadline hears that Edgar Bronfman, Jr. has made an offer for Paramount Global in a deal worth $4.3 billion, attempting to undo Par’s merger with Skydance in a dea The offer is said to consist of a $2.4 billion payment to Shari Redstone for her family holding National Amusements, which controls…

A U.S. District Court judge has rejected an attempt by CBS Studio to dismiss a lawsuit filed by a former member of the SEAL Team writing staff who alleged he was denied employment and job opportunities in favor of less qualified applicants in “favored” groups, i.e., nonwhite, LGBTQ and female. In a ru…

As the August 21 deadline looms for other parties to make a run at Paramount (or forever hold their peace), the Wall Street Journal reports that Edgar Bronfman Jr. has not exited the Paramount scene but is in talks with investors and preparing a bid. The stock, which frequently jumps about on news…

CBS Sports CEO David Berson said the volatility at parent company Paramount Global, which is laying off 15% of its U.S. workforce and preparing to merge with Skydance Media, isn’t taking his division off its game. “There's no doubt that the media and entertainment world is incredibly complex these…

There have been two major rounds of layoffs at Paramount Global this year, with Paramount Television Studios as a primary target in both. After its team was gutted in the February 13 cuts, as part of today’s reductions, the division is being shuttered altogether. It will cease operations after 11 years at…

Paramount Global has officially initiated long-planned layoffs as it looks to reduce its U.S.-based workforce by 15%. The first of three stages of staff reductions is beginning today, with 90% of the total cuts to be completed by the end of September. George Cheeks, Chris McCarthy and Brian Robbins…

Sabrina Caluori, a veteran TV exec who was Nickelodeon’s top marketing exec, is exiting her post ahead of broader layoffs at Paramount Global. In a memo to colleagues (read it in full below), Caluori said her “three slime-filled years” at the company are ending today. Her departure comes a few days…

Sports, broadcast TV and digital paced Paramount Global’s overall performance in the upfront ad market, Co-CEO Chris McCarthy said during the company’s second-quarter earnings call. “We are pleased with our upfront results, particularly in the context of the evolution of the ad market and the scale…

The Paramount Global-Skydance merger is on track to close in the first half of 2025 and “in the meantime, the Skydance and Redbird teams support our strategic plan and we are continuing to operate business as usual," said Chris McCarthy — who runs Paramount with Brian Robbins and George Cheeks — on a call…

Paramount Global Co-CEO Chris McCarthy confirmed the long-expected layoffs hitting the company, saying the media company plans to cut its U.S.-based workforce by about 15%. Speaking on the company’s second-quarter earnings call, the exec said marketing and communications would be one of two areas…

Paramount Global has taken a massive hit to earnings, booking a nearly $6 billion write-down as part of its second-quarter earnings, a day after Warner Bros. Discovery reported an even bigger charge. Both impairment charges to bring each to bring their carrying value for linear television assets…

UPDATED with executive remarks: A momentous couple of weeks for Paramount Global are underway. Its second-quarter earnings are due out today, the “go-shop” period in the $8 billion Skydance deal closes August 21, and a new round of layoffs is expected next week. Paramount will release its earnings…