Layoffs Coming At Paramount Global But No Details In Bob Bakish Memo On 2024 Strategy; CEO Acknowledges M&A Speculation

UPDATED: The companywide layoffs at Paramount Global on Tuesday impacted about 20 employees at CBS News, including correspondents Catherine Herridge and Jeff Pegues, several sources said.

Brian Steinberg Senior TV Editor Approximately 20 CBS News staffers were given termination notices Tuesday as a result of broader layoffs taking place across Paramount Global. The cuts extended across CBS News operations in Washington, D.C., New York and Los Angeles, according to two people familiar with the matter, and included two of the news operation’s most prominent correspondents, Jeff Pegues and Catherine Herridge, these people said. A CBS News spokesperson did not respond immediately to a query seeking comment.

EXCLUSIVE UPDATED with more names: Details are starting to emerge about the major round of layoffs Tuesday at Paramount Global impacting about 800 employees in the U.S.

Justin Hartley certainly has a proven track record when it comes to post-Super Bowl dramas.

Paramount Global has begun a planned round of layoffs, telling U.S.-based employees that those affected by the cutbacks will be notified by the end of Tuesday.

Todd Spangler NY Digital Editor Paramount Global, amid a swirl of M&A discussions, is laying off about 800 employees worldwide — an estimated 3% of its headcount — as it looks to trim costs. CEO Bob Bakish announced the layoffs in a memo Tuesday to staff that was obtained by Variety. According to the memo, U.S.

EXCLUSIVE: We are hearing that Apollo Global Management, who was mulling an offer for National Amusements, the Redstone family company that controls Paramount Global, is no longer considering that now.

Paramount+ is getting us so excited for the premiere of Tales of the Teenage Mutant Ninja Turtles! – Just Jared Jr Prince Harry is making a surprise public appearance following King Charles‘ cancer diagnosis – Celebitchy Donna Kelce reveals the pregame text she sends son Travis Kelce – Popsugar Sabrina Carpenter just achieved a career milestone – Just Jared Jr Rising Mexican actress and singer Renata Vaca stepped out for a special screening of Dune: Part Two, alongside its stars Zendaya, Timothee Chalamet, Florence Pugh and Austin Butler, in Mexico City earlier this week. She wore a glamorous Maria Ximena Vestidos dress, Zapaterias Mexico shoes and Liria jewels. Renata will soon be seen starring in the new Apple TV+ series “Midnight Family” opposite Diego Calva (“Babylon”) and Itzan Escamilla (“Elite”). Check out the gallery!

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Austin Butler appears to be a go-to guy when it comes to flight films.

Maria Kyriacou, Paramount Global‘s President, Broadcast & Studios, International Markets, is exiting the U.S. studio after four years, as it prepares to slim down its international originals offering.

Thanks to his breakout role as The King in “Elvis,” Austin Butler is one of Hollywood’s current leading “it” men. And it comes with little doubt that Butler’s dedicated performance as Elvis Presley cemented him in that position.

K.J. Yossman Just a week after wrapping on Baz Luhrmann’s “Elvis” biopic, Austin Butler arrived in the U.K. to start work on Steven Spielberg and Tom Hanks’ epic World War II drama “Masters of the Air.” He was joined on the Amblin and Playtone co-production by a cast who, like Butler, are poised to become the next generation of Hollywood leading actors, among them Callum Turner, Barry Keoghan, Anthony Boyle, Ncuti Gatwa and Nate Mann.

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“Thank you. Thank you very much.”

Wolf Pack, starring Sarah Michelle Gellar, will not return to Paramount+ for a second season.

Brian Steinberg Senior TV Editor The CEO of Paramount Global urged staffers at the entertainment conglomerate to focus on their 2024 business goals, even as a handful of industry heavy hitters and investment firms explore a potential acquisition of the company and speculation about looming layoffs intensifies. In a memo issued to employees Thursday and reviewed by Variety, Bob Bakish acknowledged that Paramount’s future “remains a topic of speculation,” a nod to the fact that a group of investors led by Skydance founder David Ellison have engaged in talks with Paramount’s controlling shareholder, Shari Redstone.

David Ellison’s Skydance is said to have made a preliminary offer to buy Shari Redstone’s stake in National Amusements, the family holding company that controls Paramount Global, according to a Bloomberg report.

EXCLUSIVE: Amid speculation about its future, Paramount Global is proceeding with a new wave of staff reductions in February, sources tell Deadline. I hear the cuts will impact hundreds of employees across the entire company.

The Offer is the name of a series on Paramount+. Now, it could be the logline for Paramount Global.