Deadline. Salary cuts, furloughs and At the same time, Viacom and CBS are still undergoing reorganization following The cuts are the second round of job reductions at ViacomCBS, which recently let go of more than 100 employees mostly from the cable side of the media conglomerate, including top executives at Comedy Central and the Smithsonian Channel.ViacomCBS stock is down 68% since the merger in early December“We are restructuring various operations at CBS as part our ongoing integration with Viacom, and to adapt to changes in our business, including those related to COVID-19,” said a CBS representative in a statement.
Contributors who are not full time are included in the layoffs, as are several on-air correspondents.“Working with reduced budgets, we have had to make some extremely difficult decisions,” CBS News President Susan Zirinsky said in a memo to employees. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.
The latest headcount reduction tallied losses of "mid-double digits," a person with knowledge of the layoffs told TheWrap.Like previous rounds of staff cuts, the June pink slips came at multiple divisions within the publicly traded company. At the time, two rounds of layoffs were planned for 2020.
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Stephen Battaglio writes about television and the media business for the Los Angeles Times out of New York. WGA members strongly endorsed a three-year contract that increases residual payments for high-budget shows on streaming services, among other gains.The 9th Circuit Court of Appeals reverses a lower court decision, ruling that actress Ashley Judd can go forward with a sexual harassment claim against the disgraced movie producer.
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ViacomCBS stock has nearly halved in value since then, though shares have recovered a bit from the drop associated with the earliest days of the U.S. coronavirus pandemic.The companies announced their long-awaited merger, valuing their combined assets at roughly $12 billion at the time, last summer. Sorry, your blog cannot share posts by email. His coverage of the television industry has appeared in TV Guide, the New York Daily News, the New York Times, Fortune, the Hollywood Reporter, Inside.com and Adweek. Then, they expected $750 million in synergy savings by getting rid of overlapping corporate operations, as well as other savings.Viacom and CBS were previously one company, Viacom, until splitting in 2005. “Our thoughts today are with our departing colleagues for their friendship, service and many important contributions to CBS.”Among those impacted by the move are vice president of drama development Sean Hoagland, senior vice president of specials Jodi Roth, vice president of current programming Michael Marks, CBS Entertainment’s senior vice president of comedy development Edy Mendoza and executive vice president of business affairs Gary Silver.ViacomCBS has implemented several rounds of pink slips over the last few months, with CEO The recent staff reductions have impacted most corners of the broader company, including more than 100 employees at Comedy Central, Nickelodeon, Pop and Smithsonian.
He is also the author of three books about television, including a biography of pioneer talk show host and producer David Susskind.Rupert Murdoch’s youngest son’s politics are to the left of the famously conservative family.Conventions, election night and the campaign trail will look a lot different on TV to political junkies as the 2020 race heats up.The social video app faces growing scrutiny from the U.S. government, rising competition from rivals like Facebook and the defection of top creators.
ViacomCBS has engaged in another round of layoffs, this time at “We are restructuring various operations at CBS as part our ongoing integration with Viacom, and to adapt to changes in our business, including those related to COVID-19,” said a CBS spokesperson in a statement. Would you like to receive desktop browser notifications about breaking news and other major stories? After months during which criticisms from former and current employees of the show’s workplace culture were reported, star Ellen DeGeneres told her staff she would tackle the issues.Four women say they were mistreated by comedian Bryan Callen, describing troubling sexual incidents ranging from assault to misconduct to disturbing comments.A magnitude 4.2 earthquake centered near San Fernando struck at 4:29 a.m., followed by a 3.3 quake at 4:38 and a 3.8 quake at 6:48.Around 40 individuals on USC’s fraternity-filled 28th Street have contracted the virus. But this restructuring is necessary to ensure CBS News remains strong long into the future.”Get our revamped Envelope newsletter, sent twice a week, for exclusive awards season coverage, behind-the-scenes insights and columnist Glenn Whipp’s commentary. 1 comment about "ViacomCBS CEO Rallies Troops As Layoffs Continue". ViacomCBS laid off dozens of New York staffers in June as job cuts at the recombined entertainment giant continued.