David Ellison, Paramount
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Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.
The widely anticipated layoffs come just months after the Trump administration greenlit the creation of the company following Skydance’s bid for the storied entertainment group.
3don MSN
Paramount Skydance to Lay Off About 1,000 Employees This Week, With Additional Cuts Expected Later
Layoffs are coming down at Paramount Skydance this week, with the freshly merged company looking to slash 1,000 jobs in the U.S. on Wednesday, Oct. 29
The firings mark the first major restructuring since Skydance Media completed its $8.4 billion merger with Paramount Global in August.
The Paramount Skydance CEO is “undeterred” after WBD rebuffed his first three offers, sources say, and Ellison’s allies are privately arguing he’s the only buyer who’d pass muster with Trump administration regulators.
The newsroom downsizing comes as Paramount Skydance lays off 1,000 employees throughout the newly merged company
13don MSN
The real reason Paramount’s David Ellison may finally disclose a bid for Warner Bros. Discovery
A bidding war could take the total price of WBD from around the $50 billion Ellison is currently eyeing to upwards of $60 billion – which is exactly what WBD’s deal-savvy CEO David Zaslav
The New Republic on MSNOpinion
Larry and David Ellison Are Building a Pro-Trump Media Behemoth
With the president’s blessing, the Ellisons’ Skydance merged with Paramount, gaining control of CBS News. Now the new giant might gobble up Warner Bros. Discovery, which includes CNN.