Core Viewpoint - The potential $35 million settlement of President Trump's lawsuit against Paramount's CBS affiliate is delayed due to management's concerns over legal repercussions, impacting broader negotiations related to a significant merger with Skydance [1][4][5]. Group 1: Settlement Negotiations - Settlement discussions are ongoing, with both parties considering a $35 million deal, which represents a 30% reduction from the initial $50 million sought by Trump's legal team [6][10]. - Paramount's management is hesitant to agree to any settlement amount that could be perceived as a bribe, especially given the implications for the $8 billion merger with Skydance [5][12]. - The Trump legal team has maintained its bargaining position, indicating that they are not close to settling for the proposed $35 million [6][7]. Group 2: Legal Context and Implications - The lawsuit alleges that CBS News' "60 Minutes" program edited an interview with Kamala Harris in a biased manner ahead of the 2024 presidential election, raising concerns about regulatory approval for the merger [8][21]. - The Federal Communications Commission's approval of the merger is seen as contingent on resolving the lawsuit, although Trump’s representatives deny any connection between the two issues [5][12]. - If a settlement is not reached by October, the case may escalate significantly, potentially voiding the merger agreement with Skydance [22]. Group 3: Financial Stakes and Management Concerns - Shari Redstone, Paramount's controlling shareholder, stands to gain up to $2 billion from the sale to Skydance, but the ongoing lawsuit complicates this potential windfall [9][11]. - Redstone has recused herself from negotiations due to personal financial interests, which has added to the management's reluctance to settle [12]. - The financial pressures on Redstone include a looming tax bill related to her late father's estate, which could amount to hundreds of millions of dollars [23].

Paramount Global is trimming its U.S. workforce by 3.5% in a move to cut costs.  The company’s plans to cut jobs were announced Tuesday by its three co-CEOs in a company-wide memo viewed by FOX Business.Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins said in the message that Paramount was "taking the hard, but necessary steps to further streamline our organization this week."     The effort to streamline Paramount’s organization will lead to 3.5% of the company’s U.S. employees losing their jobs, th ...

Company Overview - Paramount is laying off 3.5% of its US workforce, marking the second round of layoffs within a year after a 15% reduction in 2024 [1][5] - The company employed 18,600 people worldwide as of the end of 2024 [1] Industry Context - The media industry is undergoing a significant transformation as audiences shift from legacy TV to streaming, which is beginning to show profitability [2] - Other companies in the industry, such as Disney and Warner Bros. Discovery, are also cutting jobs to align with the declining legacy TV business [1][2] Management Changes - Paramount's CFO, Naveen Chopra, has left the company to join Roblox, with Andrew Warren appointed as interim CFO [4] - Two top news executives, Wendy McMahon and Bill Owens, have resigned due to disagreements over the company's handling of regulatory matters related to a proposed merger with Skydance Media [3] Strategic Focus - The layoffs are part of a strategy to streamline operations and prioritize investments in the growing streaming business amid ongoing industry-wide declines [4][5] - The company acknowledges the difficulty of these changes but emphasizes their necessity for future success [5][6] Employee Support - The company is committed to supporting impacted employees with care and respect during the transition [6]

派拉蒙将在美国裁员3%。 ...

智通财经6月10日电，派拉蒙将在美国裁员3%。 ...

据报道，派拉蒙将裁员3%的美国员工，以加大削减成本的力度。 ...

Paramount Global is cutting its U.S.-based staff by 3.5%, or several hundred employees, in the latest round of layoffs at the media company as it contends with the decline of the traditional pay-TV bundle and macroeconomic headwinds.The company notified its staff of the impending layoffs on Tuesday morning, according to a memo viewed by CNBC. The memo, which came from the office of the CEO — George Cheeks, Chris McCarthy and Brian Robbins — said the majority of the impacted staff will be notified on Tuesday ...

9 June 2025 | 3:53PM EDT Americas Media TV Viewership Tracker: L3 through week ending June 8th, 2025 We refresh our Nielsen TV ratings tracker for our US Media coverage (DIS, CMCSA, PARA, WBD, FOXA) that includes traditional ACM (average commercial minute) prime time and total day ratings across broadcast and cable. This edition focuses on the C3 cable and broadcast ratings through week ending May 25th, 2025 (14 day delay), and L3 cable ratings through week ending June 8th, 2025. Prime time commercial ratin ...

智通财经6月10日电，派拉蒙环球称，Andrew Warren被任命为临时首席财务官。 ...

NEW YORK, June 9, 2025 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA), today announced that Naveen Chopra, Executive Vice President and Chief Financial Officer, is departing to pursue other opportunities. Andrew Warren, currently Strategic Advisor to the Office of the CEO and former Chief Financial Officer of Discovery Communications, will assume the additional role of Executive Vice President, Interim Chief Financial Officer."We thank Naveen for his leadership role during a dynamic period of transf ...