Paramount Global Co-CEOs have hired bankers to evaluate asset sales and identified areas for job cuts. They plan to cut $500M in costs due to profit drops, addressing staff about the 'unacceptable' declines. Amidst sale talks collapse, there is talk about a sale and leaseback of the Hollywood lot to strengthen the balance sheet.
Paramount Chiefs to Staff: We’re Cutting $500M in Costs After “Unacceptable” Profit Drops https://t.co/UoklYGCH2z
Paramount Global $PARA Co-CEOs say they have hired bankers to sell some assets to pay down debt and strengthen balance sheet (Variety)
With Paramount Assets In Play, There’s Chatter About A Sale & Leaseback Of Hollywood Lot https://t.co/A8SXAE40aF
Paramount leaders address 'simply unacceptable' profit declines after sale talks collapse https://t.co/0gRoHmyWjg
Paramount's co-CEOs — Brian Robbins, George Cheeks and Chris McCarthy — held a town hall today in the Paramount Theater on the lot. Some details 🧵
Paramount's Office of the CEO Tells Staff That 'Noise' Around Merger Is Unlikely to Disappear https://t.co/KfsicTNjln
Paramount Chiefs to Staff: We're Cutting $500M In Costs After "Unacceptable" Profit Drops https://t.co/ovidwm6GQn
Paramount Global Co-CEOs Have Hired Bankers to Evaluate Asset Sales, Tell Employees They've Identified Areas for Job Cuts https://t.co/3wbaqjaJ54