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In August 2024, Paramount announced it would lay off 15% of its U.S. workforce, amounting to about 2,000 employees. The cuts came as a result of a $6 billion write-down on its cable TV networks. [110] This included the shutdown of Paramount Television Studios. [111] [112] The following month, Paramount sold Vidcon to UK firm Informa. [113]
Showtime Arabia – 21%; co-owned with KIPCO; merged with Orbit Communications Company to form Orbit Showtime Network; Simon & Schuster – sold to KKR & Co. Inc. in 2023 [30] Sundance Channel (now Sundance TV) – sold to Rainbow Media (now AMC Networks) in 2008; Telemeter — spun off in 1966 after Gulf+Western bought Paramount; shut down in 1969
Additionally, the Paramount+ SVOD service is still active in Russia (as Okko Paramount+ and IVI Paramount Play), [130] [131] though the current streaming service is unavailable in said regions. Due to program rights and existing content deals, several programs are not available on local versions, or have delayed availability for new episodes ...
Dabl (HD) (Owned by Paramount Global; operated by Weigel Broadcasting) Fave TV (HD) (exclusive to CBS News and Stations) The CW (HD) (75% owned by Nexstar Media Group; 12.5 owned by Paramount Global and Warner Bros. Discovery) BET Media Group. BET (HD) BET Gospel; BET Her (formerly BET on Jazz, BET Jazz, BETJ, and Centric) BET Soul (formerly ...
Channel 5 Broadcasting Limited is a British media company and wholly-owned subsidiary of American media conglomerate Paramount Global, as part of its UK and Australia division. Its original and principal activity is the British national television network Channel 5 , however it now also consists of four other digital channels and its own ...
CBS Broadcasting Inc., commonly shortened to CBS (an abbreviation of its original name, Columbia Broadcasting System), is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainment Group division of Paramount Global and is one of the company's three flagship subsidiaries, along with namesake Paramount Pictures and MTV.
Paramount CFO Naveen Chopra joins Yahoo Finance Live to discuss company earnings, Netflix’s losses, competition in the streaming space, diversification, and the outlook for growth.
Paramount Network launched in the UK on July 4, 2018, it is operated by the Viacom-owned network Channel 5. [118] It is the second Paramount-branded property in that market; its domestic version of Comedy Central launched as the Paramount Channel in 1995, then was Paramount Comedy from 1997 until 2009, when it took the Comedy Central name.