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Paramount slashing thousands of jobs, writes down value of cable networks by $6B

Paramount Global on Thursday said it would write down the value of its cable-networks business by about $6 billion and cut 15% of its workforce, even as its streaming business reported its first quarterly profit. Paramount shares rose more than 5% in after-hours trading. The impairment reflects declining viewership for cable networks such as Nickelodeon, […]

One Cable TV Provider Lost 393K Subscribers in One Quarter

In the most recent quarter of 2024, Charter Communications, one of America’s largest cable television providers, lost about 400,000 subscribers. Far Left The Hollywood Reporter He said this on Friday. The company, led by CEO Chris Winfree, said it lost 393,000 residential pay-TV subscribers in the most recent quarter, compared with 189,000 customers in the […]

NewsNation completes transition to cable news outlet next week

By filling out its weekend schedule next week, NewsNation will complete its transition to a news-only cable and satellite network that began in 2020. The network announced this week that starting June 1, it will launch a three-hour news program hosted by Adrienne Bankert on Saturdays and Sundays at 4 p.m. Eastern time, replacing syndicated […]