Paramount Leadership Unveils Job Cuts and Streaming Plans Amid Sale Talks
During Paramount Global's annual shareholder meeting, non-executive chair Shari Redstone promoted the potential of the new three-member Office of the CEO, consisting of George Cheeks, Chris McCarthy, and Brian Robbins. Redstone emphasized cost reduction, debt decrease, and continued investment in content as key objectives. The meeting also briefly touched on a pending merger proposal by Skydance Media.