President Donald Trump told journalist Norah O'Donnell that Paramount had been forced to pay him 'a lot of money' after he sued them over a 2024 interview with Kamala Harris

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

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.

Emmy Award-winning CBS News Texas (KTVT) Dallas-Fort Worth evening anchor Nicole Baker was a part of the recent layoffs at Paramount and is leaving the station after three and a half years, she announced Thursday, Oct. 30, on Facebook.

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.