‘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 Nachrichten

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.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 7. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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
Herkunft: GuardianAus - 🏆 1. / 98 Weiterlesen »