Paramount Chiefs to Staff: We’re Cutting $500M in Costs After “Unacceptable” Profit Drops

The M&A “noise” surrounding Paramount Global following the end to sales talks with David Ellison’s Skydance Media won’t dissipate any time soon, but the company must address profit declines and focus on a plan that can set up the entertainment giant for success. Also: Bankers have been hired to sell off unspecified assets in order […]