Paramount Skydance

Premium Content

08/08/2024

Paramount to Slash 15% Workforce, Taking $6B Write-down

With Paramount moving toward its proposed merger with Skydance, management used its 2Q24 earnings call to announce a 15% reduction in workforce to help it achieve $500 million in annual run rate cost savings headed into 2025.

By Noah Ziegler

Found in: Skydance Media / Paramount merger / Paramount Skydance / Paramount earnings / charter / Paramount
Premium Content

06/11/2024

Paramount-Skydance Talks Fall Through

All eyes have been on Paramount controlling shareholder Shari Redstone as she pondered an $8 billion deal with David Ellison’s Skydance Media since last week, and now the Wall Street Journal reports Redstone has ended discussions.

By Cablefax Staff

Found in: Paramount / Shari Redstone / National Amusements / Skydance Media / David Ellison / Bain Capital / Edgar Bronfman Jr. / Steven Paul / Paramount Skydance

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Paramount Skydance

Paramount to Slash 15% Workforce, Taking $6B Write-down