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

Kiss Fights Grunge to a Draw on ‘Carnival of Souls’: Retro Review

Diddy’s Projected Prison Release Date Revealed

15 Best Rock Song Collaborations of the 2000s

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

Kiss Fights Grunge to a Draw on ‘Carnival of Souls’: Retro Review

by rmtsa
October 29, 2025
0
Kiss Fights Grunge to a Draw on ‘Carnival of Souls’: Retro Review

Just like Wile E. Coyote can't stop chasing the Road Runner, Kiss have rarely been able to resist changing their sound to keep up with the latest music...

Read more

Diddy’s Projected Prison Release Date Revealed

by rmtsa
October 28, 2025
0
Diddy’s Projected Prison Release Date Revealed

Diddy‘s projected prison release date has been revealed — and the disgraced mogul could get out sooner than you think. According to the Bureau of Prisons website, the...

Read more

15 Best Rock Song Collaborations of the 2000s

by rmtsa
October 28, 2025
0
15 Best Rock Song Collaborations of the 2000s

The spirit of collaboration may have been no stronger in any era than the 2000s. In fact, we've got 15 big rock collaborations from the decade to show...

Read more

Justin Bieber Watches World Series Thriller

by rmtsa
October 28, 2025
0
Justin Bieber Watches World Series Thriller

Game 3 of the 2025 World Series had it all: records were set, heroes were made, and Justin Bieber was in the audience. Bieber showed up for his...

Read more

Rosalía Gets Surreal In ‘Berghain’ Video

by rmtsa
October 28, 2025
0
Rosalía Gets Surreal In ‘Berghain’ Video

Rosalía delivers a stunning first sample from her upcoming Columbia album, LUX, in the form of the Nicolás Méndez-directed, Warsaw-set video for “Berghain,” which features vocals from Björk...

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
DramaWired

Browse the Latest Entertainment News on DramaWired.com. Celebrity News, Movies, Music, Gossip, Comics, TV and More News.

CATEGORIES

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

Recent News

  • Aid Workers Fear Trump Is Holding Contraceptives Until Expiration
  • How Cheryl Burke Honored Late Len Goodman During DWTS Return
  • Kiss Fights Grunge to a Draw on ‘Carnival of Souls’: Retro Review

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