Paramount Layoffs Hit CBS News: Morning And Evening Streaming Shows Canceled, Saturday AM To Be Overhauled, Johannesburg Bureau Closed

CBS News is set to revamp its Saturday morning show following significant layoffs at its parent company, Paramount Global. This change will make the Saturday broadcast less distinctive compared to other morning news programs. The layoffs are also impacting CBS News operations in South Africa, leading to the closure of its Johannesburg bureau. This situation highlights the ongoing challenges in the media industry, as companies adapt to financial pressures and shifting viewer habits.

Paramount has initiated significant layoffs, affecting around 2,000 employees, which is about 10% of its workforce. CEO David Ellison communicated the decision in a memo, emphasizing that these cuts are essential for building a stronger, future-focused company. This move highlights the challenges the entertainment industry faces and the need for companies to adapt to changing market conditions.

Paramount Skydance is laying off around 1,000 employees, primarily in the U.S., as part of a strategy to streamline operations for long-term success. CEO David Ellison communicated the necessity of these cuts in a memo to staff, emphasizing the importance of being transparent during this challenging time. While layoffs are always difficult, this move reflects the company's efforts to adapt to changing market conditions and ensure its future viability.

Paramount has secured a significant 10-year lease with 1888 Studios for a new production campus in Bayonne, New Jersey, covering over 285,000 square feet. This move is a strategic effort to leverage the state's film and digital media tax credit program, which is designed to attract and support film production in the area. This partnership not only boosts local employment opportunities but also enhances New Jersey's reputation as a growing hub for the entertainment industry.

Paramount Skydance is making a significant move by signing a 10-year lease for 1888 Studios in Bayonne, New Jersey. This new location not only provides a substantial 285,000 square feet of space but also allows Paramount to take advantage of the state's enhanced film tax incentives. This is important as it positions Paramount alongside other major players like Lionsgate and Netflix, enhancing its competitive edge in the film industry.

Lilah Kojoori is stepping down as VP of Communications for Nickelodeon after two decades with the company. Since joining in 2006, she has played a crucial role in promoting beloved franchises like SpongeBob SquarePants and Avatar: The Last Airbender. Her departure marks a significant change for the network, which has relied on her expertise to connect with audiences and drive engagement. This transition could lead to new directions for Nickelodeon as it continues to evolve in the competitive kids' entertainment landscape.

Lilah Kojoori, who has served as the vice president of communications for Nickelodeon and Paramount+ Kids & Family for 20 years, is leaving the network. Her departure marks the end of an era, as she has been a significant part of the team since 2006. In an internal memo, Kojoori expressed her gratitude for the journey she shared with her colleagues. This change in leadership could signal new directions for Nickelodeon as it continues to evolve in the competitive kids' entertainment landscape.

Paramount and UFC are taking their partnership to new heights with a seven-year expansion into Latin America and Australia, starting in 2026. This move not only enhances the UFC's global presence but also opens up exciting opportunities for fans in these regions to engage with mixed martial arts like never before. It's a significant step for both organizations, promising to bring thrilling events and increased visibility to the sport.

Wes Bentley is set to join the cast of Ryan Murphy's upcoming FX series adaptation of 'The Shards,' based on Bret Easton Ellis's novel. This collaboration marks a significant reunion for Bentley and Murphy, who have previously worked together. The series is generating excitement with its ensemble cast, including Kaia Gerber and Igby Rigney, and it promises to bring Ellis's compelling narrative to life. Fans of both the author and the creative team can look forward to a unique blend of storytelling and talent.

Taraji P. Henson, known for her role in 'Empire', has signed a first-look deal with Fox Entertainment Studios for her production company, TPH Entertainment. This exciting partnership will allow Henson and her team, including Jamila Jordan-Theus, to develop a variety of scripted and unscripted projects. This move not only marks Henson's return to Fox but also highlights her growing influence in the entertainment industry, promising fresh and diverse content for audiences.

Greg Pedicin's recent move to Untitled as a lit manager marks an exciting new chapter in his impressive career, which spans over two decades at Gersh. His extensive experience in representing a diverse range of talent in film and television showcases his expertise and dedication to the industry. This transition not only highlights his personal growth but also signals Untitled's commitment to enhancing their literary management team, which could lead to fresh opportunities for writers and creators.

DreamWorks Animation is generating excitement with its upcoming animated adventure 'Forgotten Island,' set to release in 2026. The film boasts a star-studded voice cast, including H.E.R., Dave Franco, and Jenny Slate, which promises to bring a vibrant energy to the project. This news is significant as it highlights DreamWorks' commitment to creating engaging content and showcases the talents of well-known artists, potentially attracting a diverse audience and setting the stage for a successful release.

Exciting news for animation fans as H.E.R., Liza Soberano, Lea Salonga, Dave Franco, Manny Jacinto, and Jenny Slate are set to star in DreamWorks Animation's upcoming film 'Forgotten Island.' Directed by Joel Crawford and Januel Mercado, this action-adventure comedy follows two best friends, Jo and Raissa, who find themselves lost in the enchanting world of Nakali. This film promises to deliver a blend of humor and heart, making it a must-watch for audiences of all ages.

Allison Williams recently shared her thoughts on being labeled a 'nepo baby' during a conversation with Jenna Bush Hager at the Read With Jenna Girls Night Out Event. This discussion highlights the ongoing debate about privilege in the entertainment industry and how it shapes careers. Williams' insights provide a personal perspective on the challenges and advantages that come with having famous parents, making it a relevant topic for audiences interested in celebrity culture.