Paramount Global layoffs

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Skydance Closes $8 Billion Paramount Deal

For Paramount, Hundreds of Job Cuts Loom Once Skydance Merger Is Completed

Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.

Deadline on MSN · 1d

Paramount Skydance Merger Finally Closes

Paramount Global and Skydance Media have reached the end of their long and winding merger road, announcing the close of their $8.4 billion combination.

Los Angeles Times on MSN · 13d

The $8-billion Skydance-Paramount Global deal is finally closing. Now what?

After finally getting approval from the Federal Communications Commission, Skydance Media is just weeks away from completing its $8-billion merger with Paramount Global, leading to sweeping changes for some of the most iconic media brands.

Inside 1st day of Paramount’s new regime under David Ellison

Variety on MSN · 3d

David Ellison Reports for Mogul Duty: Inside New Paramount CEO’s Ambitions and Obstacles

On Thursday morning, David Ellison will clock in for his first day at work as a media mogul. That’s when Ellison’s Skydance will officially get the keys to Paramount Global — the Sumner Redstone-created corporate giant whose falling fortunes come as streaming services and YouTube have spun the industry off its axis.

CNN on MSN · 1d

Inside the first day of Paramount’s new regime under David Ellison

Ellison spoke with CBS journalists on his first day, acknowledging the stresses of the past year and touting the importance of “fact-based journalism,” a person in attendance said.

Business Insider · 1d

Paramount's new owner David Ellison doesn't want to talk about Trump

Paramount's new owner David Ellison dodged questions about what he had to do to get a deal done — and how he might deal with Donald Trump.

20hon MSN

David Ellison, Jeff Shell & Paramount Team Queried On Trump, Tech, Layoffs, Cable, Late Night & More At Debut Press Conference

New leadership of post-merger Paramount greeted a few dozen journalists and opened the floor to questions as the merger closed.

1don MSN

David Ellison Talks CBS News Interference, Late Night and M&A as New Paramount Charts Post-Merger Future

New Paramount CEO David Ellison faced tough questions about CBS News' future, Donald Trump, M&A, the future of late night and ...

5mon

List Of Hollywood & Media Layoffs From Paramount To Warner Bros Discovery To CNN & More

Though the new year has almost passed its first full fiscal quarter, media layoffs across the entertainment industry have ...

AOL1mon

BET Hit by Layoffs as Part of Paramount Global’s Latest Job Cuts - AOL

BET is making layoffs across multiple departments amid the broader wave of cutbacks at parent company Paramount Global. The layoffs were announced by BET CEO Scott Mills in a memo to staff ...

20hon MSN

Paramount Shifting Its Corporate Headquarters To L.A., Keeping Skydance Base In Santa Monica

Paramount, A Skydance Corporation, will now be Paramount, an L.A.-based operation. After the $8.4 billion merger of Paramount ...

2don MSN

Shari Redstone’s Farewell Message to Paramount Employees: ‘I Will Be Cheering for You, Always’

Paramount Global chair Shari Redstone sent a memo to staffers expressing her gratitude for their work -- and shared optimism ...

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