Massive CBS Layoff Bloodbath Just the Beginning if Past Deals Are Any Indication [Yahoo! Finance]
Paramount Skydance Corporation - Class B (PSKY)
Company Research
Source: Yahoo! Finance
The Friday Morning Massacre at CBS News is just the reaper getting warmed up if similar deals of the past are any indication, and they usually are. On Friday morning, CBS News editor-in-chief Bari Weiss announced drastic layoffs in an email, writing “Today we are reducing the size of our workforce, and employees who are affected will be notified by the end of the day.” Hours later, another chunk of the same shoe dropped when Weiss announced that CBS was axing the entire news radio operation: Today, we informed our CBS News Radio team and approximately 700 affiliated stations that we will end the service on May 22, 2026. The cuts come as Paramount Skydance's bid to acquire Warner Bros ?Discovery rams full speed ahead, to the consternation of many and the delight of President Donald Trump and his allies. And if you think CBS is being gutted now, wait until that deal — and the debt that goes along with it — goes through. One GOP strategist opposed to the deal points out what c
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News
- Paramount Skydance (PSKY) Down 20.6% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
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- Why Netflix Hiked Prices, Explained in One Chart [Yahoo! Finance]Yahoo! Finance
- Netflix Walked Away From Warner Bros. Then It Raised Your Bill Anyway [Yahoo! Finance]Yahoo! Finance
PSKY
Earnings
- 2/25/26 - Miss
PSKY
Sec Filings
- 3/4/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- PSKY's page on the SEC website