June 09, 2026
Stand-up comedian Adam Conover frames the ongoing media consolidation as an existential threat to an industry that made the US a cultural power
The board has yet to make a final decision, but is expected to meet next week
The company projected total revenue of $30 billion in 2026, as its streaming business grows more profitable
The layoffs follow the $8.4 billion merger between Skydance Media and Paramount Global, which closed in August
Warner Bros rejected Paramount's offer of around $20 per share in recent weeks
Paramount this month paid $16mn to settle a lawsuit Trump filed against the company and CBS News, sparking accusations it effectively paid for approval of the merger
