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ViacomCBS delivered a narrower-than-expected profit drop despite the cancellation of the NCAA “March Madness” men’s basketball championship that had been slated to air on CBS. The New York-based media giant — which also owns the Paramount movie studio and cable channels Comedy Central, Nickelodeon and MTV — saw sharp gains in its streaming-video business, as house-bound …
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ViacomCBS has unleashed a fresh round of layoffs in the ongoing integration of Viacom and CBS, whose merger created the company in December. ViacomCBS Chief Executive Bob Bakish sent an e-mail to staff Wednesday after handing out pink slips that may have hit more than 100 workers, according to a source. The news pushed shares …
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Talk about a golden parachute. Former CBS Corp. Chief Executive Officer Joe Ianniello nabbed an eye-popping $125 million in total compensation and severance payments from ViacomCBS in 2019. Ianniello, who announced he was stepping down in January, was the head of CBS, which merged with sister company, Viacom last December, to form ViacomCBS. News of …
ViacomCBS delivered a narrower-than-expected profit drop despite the cancellation of the NCAA “March Madness” men’s basketball championship that had been slated to air on CBS. The New York-based media giant — which also owns the Paramount movie studio and cable channels Comedy Central, Nickelodeon and MTV — saw sharp gains in its streaming-video business, as house-bound …
