#media-industry-restructuring

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#hollywood-consolidation #warner-bros-acquisition #paramount-skydance-merger #studio-competition
fromABC7 Los Angeles
5 days ago

Warner Bros. agrees to be acquired by Paramount in $110 billion deal, reports say

Warner Bros. Discovery on Friday agreed to be acquired by Paramount Skydance in a deal worth $110 billion, Reuters and Deadline reported, citing remarks by Warner Bros. executive. Bruce Campbell, Warner Bros' chief revenue and strategy officer, made the announcement at a morning town hall, according to Reuters.
Media industry
fromwww.theguardian.com
2 months ago

It's not a coincidence': journalists of color on being laid off amid Trump's anti-DEI push

Trey Sherman was traveling to work on the New York subway when he received an email from David Reiter, a CBS News executive, about an imminent meeting on 29 October. Sherman, an associate producer of CBS Evening News Plus at the time, suspected that he would be laid off. CBS News's parent company, Paramount, had closed a merger with the Hollywood studio Skydance in August, and planned to slash more than 2,000 jobs as part of corporate restructuring.
Media industry
Television
fromBusiness Insider
3 months ago

The cable TV industry is crossing a milestone: Only half of American households subscribe anymore.

Pay TV subscriptions in the US have dropped from nearly 90% fifteen years ago to about 50% by the end of 2025, signaling decade-long decline.
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