Paramount Global under Skydance Media is exploring combining all of Paramount’s TV networks, including CBS and MTV, into one unit and consolidating teams across departments including programming and marketing, according to Bloomberg.
David Ellison, who will run Paramount as chairman and CEO after the $8 billion transaction closes in the first half of 2025, is also looking to cut staff and trim the amount of original programming at the cable networks, the outlet reports.
As for leadership changes, Bloomberg reports that Paramount co-CEO George Cheeks is expected to stay following the merger, but co-CEO Brian Robbins is expected to depart the company, though a final decision hasn’t been made.