Taylor Sheridan to leave Paramount
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The widely anticipated layoffs come just months after the Trump administration greenlit the creation of the company following Skydance’s bid for the storied entertainment group.
The newsroom downsizing comes as Paramount Skydance lays off 1,000 employees throughout the newly merged company
Thousands of jobs will be axed at Channel 5’s American owner, Paramount, just weeks after the company was acquired by the billionaire Ellison family.
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Paramount Never Made Taylor Sheridan an Offer to Stay: How TV’s Biggest Partnership Fell Apart
David Ellison has the deepest pockets in Hollywood. Sheridan has the best track record in streaming. Why the most obvious deal in TV didn't happen.
Warner Bros. Discovery, on the other hand, is now officially for sale. Comcast, Apple, and Netflix are all interested in making takeover approaches, and Warner Bros. Discovery CEO David Zaslav and the board have started a formal assessment of these bids.
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Larry and David Ellison Are Building a Pro-Trump Media Behemoth
With the president’s blessing, the Ellisons’ Skydance merged with Paramount, gaining control of CBS News. Now the new giant might gobble up Warner Bros. Discovery, which includes CNN.
Layoffs have been expected since the industry-changing merger put CEO David Ellison in charge of the newly formed Paramount, a Skydance Corporation, in August.