Ellison has also made a play for Warner Bros. Discovery, which has rebuffed three offers from Paramount, The Wall Street Journal reported. Paramount made three offers for Warner in September for $19 a share and then $22, before raising it to $23.50.

CBS News has named The Free Press co-founder Bari Weiss as its editor-in-chief following Paramount Skydance’s acquisition of her outlet. Critics have argued that Weiss’s appointment risks damaging the company’s credibility.

In the wake of its $8 billion merger with Skydance, Paramount embarks on a significant restructuring journey, impacting thousands of employees. This strategic move aims to streamline operations and enhance long-term profitability amidst a rapidly evolving entertainment industry.

Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.

After Paramount Skydance’s across-the-board layoffs last week, TV Media chair George Cheeks unveiled a new leadership structure for the company’s cable brands. Cheeks, in a memo sent Tuesday to staffers that was obtained by Variety,

Back in October, Paramount Skydance announced layoffs of approximately 10% of its workforce. All of this cost-cutting comes alongside a report that security for the new CBS Editor-in-Chief In Chief Bari Weiss, is reportedly costing the company an additional $10,000 a day.

Late night comedian Stephen Colbert expressed disappointment with Paramount after the CBS parent company settled a lawsuit brought by President Trump earlier this year, calling it harmful to the

Paramount has initiated its first major round of layoffs following the company’s merger with Skydance, and the David Ellison regime has cut a number of executives across its television divisions. Paramount’s linear broadcast and cable networks were hit hard,