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Paramount Chiefs to Staff: We’re Cutting $500M in Costs After “Unacceptable” Profit Drops https://t.co/UoklYGCH2z
Paramount Global $PARA Co-CEOs say they have hired bankers to sell some assets to pay down debt and strengthen balance sheet (Variety)
With Paramount Assets In Play, There’s Chatter About A Sale & Leaseback Of Hollywood Lot https://t.co/A8SXAE40aF
Paramount Global Co-CEOs have hired bankers to evaluate asset sales and identified areas for job cuts. They plan to cut $500M in costs due to profit drops, addressing staff about the 'unacceptable' declines. Amidst sale talks collapse, there is talk about a sale and leaseback of the Hollywood lot to strengthen the balance sheet.
