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Paramount CEOs Recognize “The Last Several Months Have Not Been Easy,” Tell Staff They Have A Plan
Paramount's trio of CEOs told staff in a memo that they understand things have been tough with the Skydance talks but they have a strategic plan.
George Cheeks, Brian Robbins and Chris McCarthyMatt Sayles/CBS /Paramount/Viacom Paramount co-CEOs George Cheeks, Brian Robbins and Chris McCarthy thanked staff in a memo today, obtained by Deadline, for a few tough months rocked by Skydance merger speculation. Hi Everyone,As promised, we want to be as transparent as possible and share information whenever we can.As you heard yesterday, the proposed transaction with Skydance Media is not moving forward. Transforming our streaming strategy to accelerate its path to profitability Streamlining the organization and reducing non-content costs Optimizing our asset mix, by divesting some of our businesses to help pay down our debtAs we advance each of these initiatives, we will continue to prioritize investment in our world class franchises, films, series and sports, which are the core of our business.Importantly, we want to thank you for your hard work and your continued focus.
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