Paramount wants to secure the rights to stream 'South Park,' but the deal still hasn't come to fruition as the Skydance deal is still in limbo.

Paramount Global is slashing its U.S. workforce by 3.5% as it takes "hard, but necessary steps to further streamline" the company, according to a memo obtained by FOX Business.

Paramount Global is laying off 3.5% of its US workforce in the latest round of cuts as the media giant struggles with steep declines in cable TV subscribers, the company said Monday.

Paramount Global said Tuesday that the entertainment and media company is cutting 3.5% of its workforce, citing challenges in the broader U.S. economy and in the linear television business.

Paramount is cutting 3.5% of its US workforce amid linear TV declines. The layoffs follow similar moves by Disney and Warner Bros. Discovery in recent days. The industry is navigating a painful ...

What makes the Paramount layoff even more significant is that at the end of last year, the company eliminated 15 percent of its U.S. workforce, around 2,000 jobs, as a cost-cutting measure.

Paramount's Shari Redstone has been diagnosed with thyroid cancer while navigating a planned merger with Skydance Media and settlement talks for President Trump's lawsuit against CBS News.

Paramount Global chair Shari Redstone was diagnosed with thyroid cancer earlier this spring, a spokesperson for Redstone said in a statement to Reuters on Thursday.

Home Business Legal Paramount Offers Millions To Trump To End $20B ‘60 Minutes’ Suit & Let Skydance Merger Go Through By Dominic Patten, Jill Goldsmith, Ted Johnson May 28, 2025 5:24pm 60 Comments ...

The first plan is the Paramount Plus Essential, an ad-supported tier that gives you access to the full catalog of on-demand content. You also get limited access to both SHOWTIME and CBS live sport ...

Paramount began to supervise our content in new ways. None of our stories has been blocked, but Bill felt he lost the independence that honest journalism requires. No one here is happy about it.