Warner Bros. Discovery splits streaming and cable
Digest more
Top News
Overview
Impacts
Paramount Global plans to cut several hundred employees on Tuesday due to a continuing decline in the cable-TV industry and the broader economic landscape.
Bob Iger positioned Disney's linear networks as an advantage over rivals like WBD and Comcast/NBCU that are spinning off their cable TV assets.
Lake Forest residents who prefer to watch city meetings on cable television will continue to have that option as the City Council did not approve a staff recommendation to suspend the channel.
15hon MSN
As studios continue to downsize, Paramount Global is the latest to announce layoffs. The company said Tuesday that it would be laying off 3.5% of its domestic staff.
1h
India Today on MSNParamount to cut 3.5% of US jobs as cable TV declines: ReportParamount Global is set to reduce its U.S. workforce by 3.5%, a move driven by declining cable TV subscriptions, as revealed in a recent internal memo.
Four years ago, David Zaslav insisted that Discovery Communications together with what was then called WarnerMedia was more than the sum of its parts. They had a “formidable” lineup of global assets, he said.