Paramount Global to lay off about 800 employees – source
By Samrhitha A and Jaspreet Singh (Reuters) -Paramount Global is laying off about 800 employees or roughly 3% of its workforce, a person familiar with the matter said on Tuesday,…
By Samrhitha A and Jaspreet Singh (Reuters) -Paramount Global is laying off about 800 employees or roughly 3% of its workforce, a person familiar with the matter said on Tuesday,…
(Reuters) – Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global, including debt and equity, Allen Media Group said in an emailed statement to Reuters on…
By Dawn Chmielewski and Jaspreet Singh (Reuters) -Paramount Global CEO Bob Bakish said on Thursday that the media company will conduct an unspecified number of layoffs as it strives to…
(Reuters) – Paramount Global CEO Bob Bakish has announced layoffs at the media firm, as it needs to “operate as a leaner company and spend less,” CNBC reported on Thursday…
(Reuters) – Paramount Global shares surged 10% on Friday, after the media company narrowed the 2023 loss forecast for its fast-growing streaming business as investments peaked a year ahead of…
By Chavi Mehta and Dawn Chmielewski (Reuters) -Paramount Global’s investments in its fast-growing but unprofitable streaming unit have peaked a year ahead of the target, the media company said on…
(Reuters) – Paramount Global said on Monday it was selling Simon & Schuster to KKR & Co for $1.62 billion in an all-cash deal, marking the end of a years-long…
Cranford, NJ – The Cranford Police Department has taken proactive measures to prioritize pedestrian safety in the town. Their Traffic Bureau summer maintenance personnel have been diligently working this summer…
(Reuters) -Media company Paramount Global, looking to reduce costs as it merges its Showtime and MTV networks, is letting go about 25% of the staff in its domestic cable networks,…
NEW YORK (Reuters) – Shares of Paramount Global Inc, whose biggest stock holder is Warren Buffett’s Berkshire Hathaway, plunged lower on Thursday after the streaming giant cut its dividend and…
By Jonathan Stempel and Dawn Chmielewski NEW YORK (Reuters) – The rights to stream “South Park,” the popular animated comedy featuring foul-mouthed children, is the subject of a new lawsuit…
By Eva Mathews and Helen Coster (Reuters) -Paramount Global Inc will raise prices for its flagship streaming service in some markets this year, the CBS network owner said on Thursday,…
By Helen Coster (Reuters) – Paramount Global expects its fourth-quarter advertising revenue to be lower than its third quarter advertising revenue, Chief Executive Officer Bob Bakish said at the UBS…
PRETORIA (Reuters) – Private South African defence firm Paramount Aerospace Industries has received orders for nine of its Mwari aircraft – the first military aircraft to be designed and built…
Assistant U. S. Attorney Oleksandra “Sasha” Johnson (619) 546-9769 SAN DIEGO – Jack Owuor, a resident of Paramount, California, was sentenced in federal court to 46 months in prison…
(Reuters) -U.S. retailer Walmart Inc on Monday struck a deal with Paramount Global to offer Paramount+ streaming service to the subscribers of its membership program in a push to better…
(Reuters) – Walmart Inc has held talks with media companies about including streaming entertainment in its membership service, the New York Times reported on Tuesday, citing people with knowledge of…
By Daniel Wiessner (Reuters) – Paramount Global has agreed to pay $14.75 million to shareholders of the former CBS Corp in a proposed class action claiming the company’s failure to…
Acquisition of National Tile and Stone Distributor Strengthens PGS Offering in Growing Commercial Flooring Market LOS ANGELES and MIAMI, April 1, 2022 — Platinum Equity portfolio company Paramount Global Surfaces (“PGS”)…