13-15% will be laid off by November. What parts of Paramount will be cut the most? Curious as to what others are predicting. Best luck to all of you - some of the nicest and most talented people I've ever worked with.
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@vs P+ and Pluto TV were impacted heavily by the contract layoffs. There are people working both platforms simultaneously. There are not enough bodies as it is working at P+ and Pluto TV. Not saying that they will be immune from cuts.
@167 that’s right plus people are watching the news they like and quite frankly, they are not waiting until the evening to watch it on a tv. No one is signing up for a streamer to watch their news except maybe fox. The news channels are being watched by an older demographic that doesn’t have cache w advertisers. Yes there may be old rich people but they are not an ad demo and, in a few years, they’ll all be gone. The audience for traditional news won’t be replenished. No justification to pay the high salaries for news anchors and they were always overpaid. When their salaries start going down, they look for sympathy and claim integrity of news will go down with lower salaries.
News AVOIDANCE estimated to hit all time high of 48% ( people avoiding the news because of stress & anxiety it creates. Up from 29% a few years ago
news outlets reporting PAR buying Bari Weiss Free Press and giving her the "keys to cbs news "
Does anybody know how many licks it takes to get to the center of a Tootsie roll pop?
Who do you guys think will win the Powerball & which state will the winner be from?
Who do you guys think will be cut from the Yankees & Mets lineups & pitching staffs come the playoffs?
@155 of course they will hit legal and finance. Especially in NY. Most of that work will be headquartered in California.
any update? Do you guys think they'll hit legal or finance?
If it will save jobs, can they please ki-l the horrible lodge service at 1515?
CBS News is famously failing, get rid of it, there's no point in putting any money into it. It's simply disgracing the company brand and putting a huge hole in the pocket. It can't be resurrected
Logical plan for Sky would be to focus programming production to NY & LA & get rid of old network affiliate system... Broadcast viewership is dead & dying - so sell off the O&O's and get rid of buying programming and focus on selling programming to various healthy platforms instead of decaying broadcast / cable... Sell news division to Zaslav & combine it with CNN into A new News Channel, both news divisions would benefit becoming a new brand & new audience for both last place operations. Plus reduce redundancy in both operations by reducing staff for both is a win-win
The $1 billion question is, which departments/roles will eventually be replaced AI? Data crunching, coding, raw research, legal documentation, most administrative tasks that don't require human-to-human contact.
@wj So what you are saying is you don’t like local news. 😘
@vz OMG seriously stop playing stupid. Aside from the control room there is a whole world you obviously have never seen. Pre-packaged content that runs during the show are made by producers, reporters & field crews the day or days before, they are almost always now commercials disguised as news that everybody knows full well are infomercials - so include sales people also. The lame morning live shots that are as boring as can be - have at least 1 crew or two that stay on after the show to do a PKG for another date that is generally an infomercial. Special projects units etc. produce a ton of cr-p that plug people, events, products & places and have nothing newsworthy to share both at local and network
@vt How many people do you think work on these shows for the O&Os? I don’t think it’s as much as you think. Most control rooms are one director and one producer per hour. With the directors doing multiple shows. With maybe 2 extra writers in the newsroom.
It’s the management that have the extra bodies.
Thoughts on CBS cuts? CBS studios and broadcast not local or news.
CBS local O&Os can certainly make deep cuts by cutting down these extraordinarily long morning shows about nothing... Replace a few hours with programming that will attract new viewers. Repeat Network News program from previous night & play for a new audience in the morn. Also replay weekend programming of news from previous weekend throughout the mornings during the week also for a new audience & hopefully steal viewers from other networks. Those are just simple ideas but tons of jobs can be cut from CBS owned stations if we put our heads together
I don’t work in tech or have any skin in the game. But just wanted to point out that our Airplane Lover CEO mentioned he wants P+ and Pluto in the same tech stack. That seems to be quite a project, so will he keep the current team or not?
Wonder what departments will get hit on the local station side?
@p9 evening news has been at the broadcast center since January. Both the morning show and EN are going to be whittled down to a one man band in the control room. About 20 people on both shifts will lose their jobs that has nothing to do with these layoffs.
And yes, I do know.
@pd they already did.
cable tv and cbs news could be the most impacted ones but couldn’t see much impact on tech streaming this year. Tech could be targeted next year once they figure out what is working and what is not!
They will be relocating the entire C Suite to Los Angeles.
Somebody doesn't want to face the reality of cuts in news. Truck operators, video editors, camera people, and especially talent are all capable of mixing network news with local news without skipping all beat. Skeleton crews my butt
@f7 WOW! Growing is meant in reference to content and viewers, no CEO ever said they are going to or meant that they are going to increase staff. Did he say grow or expand? 3,000 cuts would indicate tech is going to be affected.
@fm um really - Network News with Norah O'Donnell was not in DC? It was always at the Broadcast Center. Whatchoo talkin' bout Wilson? You're the one that has never worked in a real newsroom.. Morning News in Times Square, Network News in DC, local at the broadcast center. Morning News is NOT only one returning to Broadcast Center - unless you don't watch or are oblivious to CBS Evening News .
SELL
Wall Street bearish on PSKY
@cs local news and network news was always in the same building. Only one show went to Times Square and it’s coming back. If you think one person can do all that then you have NEVER worked in a real newsroom in nyc.
Most local news stations are already down to a skeleton crew.
Ellison, in his very first letter to staff, stated that he was committed to growing Paramount+ and Pluto TV. I don’t see where people are getting this opinion that he’s cutting into streaming tech.
I just don’t see them investing anything in cable tv anymore, so while those channels might still exist, I bet all premieres will go to P+ or cbs. I mean look what’s happening with VMAs. So the channels will just exist as barker channels to promote p+.
Corporate
@e0 because we have been purchased by the son of the oracle founder.
Tech was mentioned more in relation to news. In any event - obviously the least affected in televised production would be live EVENTS, normal everyday tech jobs in news CAN be reduced, nobody said they will be, yes - everybody of course is guessing. Though there is room in live EVENTS for techs to be cut. Btw get rid of Tony Romo $17 million/yr - that's all inside football broadcasting politics. Other news media has been doing more for less since the new media was created . Look at all these podcasts & social media platforms that have & continue to eat away at broadcast eyeballs. Traditional media like CBS is broadcast straight to other CBS streaming platforms - so whatever the cuts are - they are connected in some way. The big thing is paramount is #5 in the pyramid of streaming, YouTube being the biggest - Disney & Comcast being bigger than Paramount
@e0 because everyone is just guessing. There will be cuts everywhere. Every layoff some people in tech are affected. But tech is the least likely to be massively affected unless Ellison wants the product to crash right before the NFL AFCs and his UFC plans. I would assume 2-4 people from most tech teams like last time.
I saw tech and streaming mentioned here. I'm in streaming tech. Why do you think it will impact us?
@bk I'm sorry I hurt your feelings
Plenty of redundancy in news - especially in NYC in the fact that there is CBS2ny & tv55 - also in general you have local news & network news that will now be back at the same building. Also getting rid of technicians is long overdue such as letting writers & reporters produce stories while doing camera & video editing as well. Many big salaries can be cut on talent in order to hire replacements that can do just as well or better for cheaper. No need for sports, weather & traffic anymore either - which probably accounts for drop in viewership to begin with in this day & age of Apps. Also live trucks aren't needed nearly as much when phone technology can do the job without the huge expense of trucks
@av You really don’t have to be so disrespectful.
@av Incredibly rude response.