Tech billionaire Larry Ellison will control CBS parent Paramount Global after Skydance Media completes its purchase of the Redstone family’s interest in the film and TV company, according to a report.

Paramount cut approximately 1,000 jobs on Wednesday, with another 1,000 expected "swiftly" in a massive headcount reduction designed to address "redundancies that have emerged" after the company’s $8 ...

The bloodbath at Paramount Global continued Tuesday as the struggling media giant kicked off a second round of layoffs in its previously announced plans to cut 2,000 jobs. Paramount’s co-CEOs George ...

Paramount and Donald Trump have officially settled their long-running dispute over a 60 Minutes segment. The studio will pay the current U.S. president $16 million, a move that may pave the way for ...

Aug 8 (Reuters) - Paramount Global (PARA.O), opens new tab wrote down the value of its cable networks by nearly $6 billion and announced Thursday it would cut 15% of its US workforce, as the media ...

Paramount Global will cut 15% of its U.S. workforce in the next few weeks — a round of layoffs that will affect about 2,000 employees — coming ahead of its planned merger with Skydance Media. With the ...

Larry Ellison, the megabillionaire founder of Oracle, will be the majority shareholder of National Amusements Inc., the company that controls Paramount Global, after the expected closing of the deal ...

The Skydance-owned Paramount is expecting to begin pink-slipping around November, we understand. Deadline has been told by myriad sources that it’s about the dollar figure amount as far as job cuts go ...

Paramount was just acquired by a tech mogul's family. A stock that languished for years has a new lease on life. Right now, what a Hollywood studio needs to survive -- and perhaps even thrive -- is ...