Paramount Cuts 15% Of US Workforce, Closes TV Studio, As Traditional TV Market Slumps

Paramount Cuts 15% Of US Workforce, Closes TV Studio, As Traditional TV Market Slumps Paramount, the parent company of CBS News, BET, MTV, Nickelodeon, dozens of local TV stations, and Paramount Pictures, announced in an internal memo from top executives to employees that the first round of job cuts is set to begin. The multinational media conglomerate in Manhattan plans to reduce its US-based workforce by 15%, or about 2,000 workers, by the end of September. This is troubling news for the company that struggles with migrating one-time TV viewers...