The network also broke advertising sales records for the big game. The media giant, which is attempting to transition its business from traditional linear television to streaming, announced Monday that CBS’s broadcast of Super Bowl LVIII broke ratings records with a staggering 123.4 million viewers, marking the largest US TV audience since the 1969 moon landing. Paramount declined to comment for this story. David Ellison’s Skydance and RedBird Capital have also made takeover offers. Discovery, met with Bakish and broached a potential merger between the two companies. In recent months, David Zaslav, the chief executive of CNN parent Warner Bros. The layoffs come amid reports that Shari Redstone, the family heiress of Paramount’s parent, National Amusements, has been in talks to sell her stake in the company. Pegues joined CBS News in 2013, reporting on the network’s broadcast platforms and hosted the podcast “America: Changed Forever.” Herridge, who joined CBS News in 2019 from Fox News, has been entangled in a First Amendment lawsuit over her refusal to disclose her source(s) for a series of 2017 stories she reported on during her time at Fox News. It was not known when their last day at the network would be. Senior investigative correspondent Catherine Herridge and chief national affairs and justice correspondent Jeff Pegues were notified Tuesday that they were being laid off, two people familiar with the matter told CNN. “These adjustments will help enable us to build on our momentum and execute our strategic vision for the year ahead - and I firmly believe we have much to be excited about,” Bakish wrote.Īmong those impacted by the layoffs were some of the highest-profile journalists at CBS News. The cuts will impact staffers around the world, with those in the US being notified by the end of business Tuesday, Bakish wrote. The announcement follows a January 25 memo in which Bakish warned that Paramount Global would “reduce our workforce globally” as part of “our path to earnings growth.” While Bakish did not specify the number of layoffs, sources familiar with the matter told CNN around 800 employees, or roughly 3% cut of the company’s workforce, will be affected. The company’s chief executive, Bob Bakish, announced the layoffs in a memo to employees Tuesday obtained by CNN. Paramount Global, the owner of broadcast and cable TV networks, announced Tuesday it will lay off hundreds of staffers as the media giant looks to reduce costs and grow revenue. The news comes just days after its CBS network saw record-breaking advertising sales and the highest-rated telecast for the Super Bowl.
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