Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home Music

CMT Impacted By Paramount Global Layoffs

rmtsa by rmtsa
September 26, 2024
in Music
0
CMT Impacted By Paramount Global Layoffs
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Sacred Acre 2025: Experiences That Will Define Alaska's Wildest Festival

Richie Sambora Underwent ‘Emergency Surgery’ After Breaking Hand

My Chemical Romance Launch 2025 Tour: Setlist and Video

A number of staffers at CMT, the Nashville-based country music and lifestyle programming network, have been let go as part of a broad swath of staff cuts taking place at Paramount Global.

Billboard has learned that among the music and talent team leaving are Stacey Cato (director of music and talent), Quinn Brown (vp of production), Ray Sells (senior director of production), Jennifer DeVault (senior producer), Jordan Walker (senior manager of music and talent), Abbi Roth (senior manager of music and talent) and Bryana Cielo (executive assistant), as well as Heather Graffagnino, vp of production management.

Among those remaining are Margaret Comeaux (senior vp of music and events production), Donna Duncan (vp of music and talent), Melissa Goldberg (vp of digital and social), Yasmin Mohammed (producer) and David Bennett (creative director).

Sources say that Paramount will continue to support CMT and is positioning the outlet for the future, but what that looks like is unclear.

This week, Paramount Global began a second round of staff cuts, as it continues its aim of reducing its U.S. workforce by 15%, seemingly in preparation for the company’s planned merger with Skydance Media. In a memo to staffers on Monday (Sept. 24), Paramount’s co-CEOs George Cheeks, Chris McCarthy and Brian Robbins stated, “Like the entire media industry, we are working to accelerate streaming profitability while at the same time adjusting to the evolving landscape in our traditional businesses. In order to set Paramount up for continued success, we are taking these actions. Days like today are never easy. It is difficult to say goodbye to valued colleagues, and to those departing, we are incredibly grateful for your countless contributions.”

The cuts come as the company, like many legacy media companies, is seeing a decline in linear television viewership and advertising, and consumers continue to move toward streaming video and digital.

In June, Paramount cut nearly all the content roles across its CMT, MTV, Comedy Central and TV Land websites, while storied news site MTVnews.com was taken down. During a town hall on June 25, McCarthy noted that Paramount’s revenue had grown by 13% between 2018 and 2023, while the company’s operating income before depreciation and amortization (OIBDA) has fallen 61% during that same time frame. Thus, they are aiming at cutting $500 million in costs.

Country radio trade publication Country Aircheck first reported a number of the layoffs.

Reps for Paramount Global had not responded to Billboard‘s request for confirmation by press time.



Source link

Tags: CMTGlobalImpactedlayoffsParamount
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Sacred Acre 2025: Experiences That Will Define Alaska's Wildest Festival

by rmtsa
July 13, 2025
0
Sacred Acre 2025: Experiences That Will Define Alaska's Wildest Festival

In an era when many major festivals recycle similar lineups and experiences, differing only in timing and location, Sacred Acre stands apart with an intimate, singular offering. The...

Read more

Richie Sambora Underwent ‘Emergency Surgery’ After Breaking Hand

by rmtsa
July 13, 2025
0
Richie Sambora Underwent ‘Emergency Surgery’ After Breaking Hand

Richie Sambora reportedly underwent emergency surgery after breaking his hand while playing touch football.The former Bon Jovi guitarist is said to recovering well after having his hand re-broken...

Read more

My Chemical Romance Launch 2025 Tour: Setlist and Video

by rmtsa
July 13, 2025
0
My Chemical Romance Launch 2025 Tour: Setlist and Video

My Chemical Romance launched their 2025 North American stadium tour on Friday (July 11) in Seattle in momentous fashion, performing the longest show of their career, according to setlist.fm.You...

Read more

21 Savage, Sexyy Red, Latto

by rmtsa
July 13, 2025
0
21 Savage, Sexyy Red, Latto

Drake's Saturday performance served as a love letter to the U.K., which he considers to be the preeminent hip-hop country. Drake performs live at Wireless Festival at Finsbury...

Read more

Now Hear This: July 2025

by rmtsa
July 12, 2025
0
Now Hear This: July 2025

Now Hear This is a monthly A&R column that provides you with exciting new sounds we discovered through the innovative new music platform Groover.Each month, you can expect...

Read more
Next Post
RHOSLC’s Meredith Marks Says She Feels “Used” by Mary Cosby

RHOSLC’s Meredith Marks Says She Feels “Used” by Mary Cosby

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • ‘Amy Sherald: American Sublime’ Delves Into Style And The Politics Of Visibility – Essence
  • Does Jannik Sinner Have a Girlfriend? Update on Relationship Status – Hollywood Life
  • James Gunn Says the New DCU Isn’t About One Long Story, It’s About Building a Universe — GeekTyrant

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In