Paramount Global’s advertising group conducted a round of layoffs Tuesday, which are part of the media conglomerate’s efforts to slash $500 million in annual costs, Variety has confirmed. Paramount Advertising is the centralized team that manages domestic multiplatform ad sales across CBS, BET, Comedy Central, MTV, Nickelodeon, Paramount+, Pluto TV and other properties. The number […]

Larry Ellison, the megabillionaire founder of Oracle, will be the majority shareholder of National Amusements Inc., the company that controls Paramount Global, after the expected closing of the deal with Skydance Media — led by his son, David Ellison — next year, according to a regulatory filing. Larry Ellison will own 77.5% of National Amusements […]