Paramount Global Co-CEOs Have Hired Bankers to Evaluate Asset Sales, Tell Employees They've Identified Areas for Job Cuts [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
their plan to cut costs, boost revenue and pare down debt after a potential merger with Skydance was called off. The three execs — George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon — were installed as co-CEOs after Bob Bakish's dismissal in late April. More from Variety MTV News Website Goes Dark, Archives Pulled Offline Paramount+ Prices to Increase for Most Subscribers Starting This August Paramount Global's Tumultuous Timeline: Tracking 35 Years of Corporate Intrigue and Drama At the June 25 town hall, which kicked off at 10 a.m. Pacific at the Paramount Theatre on the studio's lot in L.A., the execs addressed a key topic of concern among the rank and file: layoffs and other measures aimed at achieving $500 million in annualized costs, which the trio laid out at the June 4 annual shareholder meeting. Accord
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PARAA
Earnings
- 8/8/24 - Beat
PARAA
Sec Filings
- 8/27/24 - Form 4
- 8/27/24 - Form 425
- 8/27/24 - Form 8-K
- PARAA's page on the SEC website