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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

‘A 61% Decline in Profits Is Simply Unacceptable,’ Paramount CEO Hydra Declares During Tuesday Town Hall Meeting

Paramount 'Office of the CEO'.

Paramount Global’s “Office of the CEO” troika of Brian Robbins, George Cheeks and Chris McCarthy convened a “town hall” live audience of around 500 employees, with thousands more tuned in remotely, Tuesday at the Paramount Theater off Melrose Avenue in Hollywood. 

With the trio already signaling weeks earlier at Paramount’s shareholder meeting about pending layoffs and other trims meant to generate $500 million in annual cost savings, the first big company convening since Skydance Media acquisition talks collapsed earlier this month revealed little in the way of fresh new details about the business. 

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