‘Not a story’: Industry sources shut down media reports about Network Ten’s future

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 36 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 78%

Channel Nine Nouvelles

Skydance Media,Job Cuts,Paramount

Industry sources close to Network 10 have disputed suggestions the channel is facing a “precarious” future amid reports of a multibillion-dollar round of cost cuts by parent company Paramount.

Sources close to Network 10 have shut down reports the broadcaster is facing a “precarious” future amid a possible a multibillion-dollar round of cuts across parent company Paramount.

Mumbrella cited an ominous-sounding memo to staffers from Paramount’s co-CEOs which outlined their intentions to “modernise” by “eliminating duplicative functions and reducing the size of our workforce”.The Paramount memo also confirmed plans to “optimise our asset mix by divesting some of our assets” as part of the deal with Skydance.

Industry sources close to Ten also confirmed the $3 billion in “cuts” referenced by Mumbrella have been underway since the start of 2024.Ten axed expensive but underperforming franchises like The Masked Singer earlier this year. Picture: Ten. If the SkyDance merger does go through, it is not expected to be fully actioned until the first half of 2025.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 7. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Australian cattle industry says clearing bushland grown after 1990 should not count as deforestationEnvironmentalists accuse Cattle Australia of trying to use ‘loophole’ in international definitions to gain deforestation-free status
La source: GuardianAus - 🏆 1. / 98 Lire la suite »