{"id":842994,"date":"2024-08-09T09:49:36","date_gmt":"2024-08-09T04:19:36","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=842994"},"modified":"2024-08-09T09:49:36","modified_gmt":"2024-08-09T04:19:36","slug":"paramount-global-writes-down-cable-networks-value-cuts-jobs-streaming-profit-boosts-shares","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/09\/paramount-global-writes-down-cable-networks-value-cuts-jobs-streaming-profit-boosts-shares\/","title":{"rendered":"Paramount Global writes down cable networks value, cuts jobs; streaming profit boosts shares"},"content":{"rendered":"<p>Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced Thursday it would cut 15% of its US workforce, as the media conglomerate navigates the decline of the cable television business.<\/p>\n<p>The reductions are part of Paramount&#8217;s efforts to cut $500 million in costs ahead of its merger with Skydance Media and will affect roughly 2,000 people.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced Thursday it would cut 15% of its US workforce, as the media conglomerate navigates the decline of the cable television business. The reductions are part of Paramount&#8217;s efforts to cut $500 million in costs ahead of its merger with Skydance Media and will affect roughly 2,000 people.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-842994","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=842994"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842994\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=842994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=842994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=842994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}