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Nick Cannon had the backing of the chief executive of the Anti-Defamation League and the president and CEO of ViacomCBS when he was rehired after apologizing for sharing antisemitic comments on his Cannon’s Class podcast in 2020. In a wide-ranging interview with The Los Angeles Times, the television host, actor, rapper and comedian spoke about his…
Paramount Will Pay $122.5M to Settle CBS-Viacom Merger Lawsuit Paramount Global has agreed to settle a shareholder lawsuit that claimed that the 2019 CBS-Viacom merger was unfair for shareholders. According to a securities filing Friday, Paramount will pay the shareholders $122.5 million to settle the claims, subject to a long-form settlement agreement and approval by…
“CBS News staffers ’embarrassed’ over Mick Mulvaney gig” CBS News’ decision to hire former Trump administration official Mick Mulvaney as a paid, on-air contributor sparked anger from staffers, according to a report. Journalists at the Tiffany Network are reportedly upset over the decision to hire Mulvaney, particularly in light of his comments bashing the press…
“#ViacomCBS rebrands to Paramount, stock tanks 20 percent” ViacomCBS is no more. The media company that is home to MTV, CBS, Nickelodeon and Showtime renamed itself after its movie studio, Paramount, late Tuesday. Investors apparently weren’t keen on the rebrand, as the stock plummeted more than 21% in the wake of the news on Wednesday….
“#CBS News staffers chafing under new cost-slashing boss Neeraj Khemlani” A tough, new boss at CBS News is slashing costs in a bid to revamp the struggling network — and he’s also provoking complaints from employees, with some grumbling that he is “rude” and “micromanaging.” Rank-and-file at the third-place network gripe that co-president Neeraj Khemlani…
“#ViacomCBS and WarnerMedia reportedly exploring sale of the CW” WarnerMedia and ViacomCBS are exploring the possible sale of a significant stake or all of the CW Network, which they jointly own, according to a report late Wednesday. Irving, Texas-based Nexstar Media Group, which is the nation’s largest owner of TV stations and owner of affiliate…
“#ViacomCBS selling its CBS studio for $1.8 billion: report” ViacomCBS is selling its CBS Studio Center in Los Angeles for $1.8 billion to a pair of acquisitive real-estate firms, according to a report. Hackman Capital Partners and Square Mile Capital Management had the winning bid, beating out roughly a dozen parties, The Wall Street Journal…
“#ViacomCBS revenue soars with jump in subscribers to streaming services” ViacomCBS on Thursday posted better-than-expected quarterly revenue, helped by more subscriber additions to its fast-growing streaming platforms and strong advertising sales. The company added 4.3 million global streaming subscribers in the quarter, led by Paramount+, bringing the total to nearly 47 million. Content including “A Quiet…
“#ViacomCBS nears sale of CBS Studios lot in LA as it pares real estate holdings” ViacomCBS is nearing a sale of its historic CBS Studio Center lot in Los Angeles — the home of popular TV shows including “Seinfeld,” The Post has learned. Final bids are in for the massive collection of soundstages, which has…
“#ViacomCBS mulled sale of NYC Broadcast Center in bid to raise cash” CBS earlier this year mulled selling its sprawling New York-based CBS Broadcast Center in Manhattan’s Hell’s Kitchen neighborhood, sources told On The Money. A source told The Post that the company had “looked at” selling the Broadcast Center — located at 524 West…