News

Paramount announces major cuts as cable networks decline

Published

2 years ago

August 9, 2024

ticker NEWS

Paramount Global has unveiled significant measures to realign its business strategy.

The company announced a write-down of nearly $6 billion in the value of its cable networks, reflecting the ongoing decline in the cable television industry.

In addition to the write-down, Paramount revealed plans to reduce its US workforce by 15%, a move that will impact approximately 2,000 employees. These cost-cutting measures are part of the company’s broader efforts to trim $500 million in expenses ahead of its planned merger with Skydance Media.

The restructuring comes as Paramount seeks to navigate the shifting media landscape and adapt to the challenges facing traditional cable networks. While Paramount is finding ways to secure its financial future, Warner Bros. Discovery is struggling with ongoing issues.

News

LIVE: U.S. and Israel launch war on Iran

U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.

Published

10 hours ago

March 4, 2026

ticker NEWS

U.S. and Israel escalate conflict with Iran, heightening regional war fears for the second time in eight months.

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U.S. and Israel strike Iran, escalating war fears and risking wider regional conflict for the second time in eight months

News

Trump claims Iran military neutralised as Strait Of Hormuz tensions surge

Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.

Published

11 hours ago

March 4, 2026

Harvey Vargas

Trump claims Iran’s military largely neutralized; tensions rise with attacks threatening air travel and oil shipping.

President Trump says Iran’s military capability has been largely neutralised, including its navy and air force, as the conflict in the Middle East intensifies. Iranian attacks have threatened commercial air travel and oil shipping through the Strait of Hormuz, raising fears of wider economic fallout.

The U.S. Embassy in Riyadh has faced two attacks, while Gulf states worked to intercept further Iranian strikes. Officials report six U.S. troops killed and more than 700 deaths inside Iran as the exchange of fire escalates.

With global markets watching closely, the region remains on edge as military and diplomatic tensions show no signs of easing.

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News

Airlines face disruptions that surpass previous Middle East conflicts

Published

1 day ago

March 3, 2026

Ahron Young

What’s happening in the Middle East?

Trump says U.S. strikes could last four to five weeks and described the operation as the last best chance to act, while Secretary of State Marco Rubio warns the hardest hits are yet to come
Six U.S. service members have been killed, additional American forces are being deployed to the region, and the White House says nine Iranian naval ships have been destroyed
Iran says it sees no limit to its right to self defence and will not negotiate, as missile and drone attacks continue across Israel, Lebanon and Gulf states
More than 500 Iranians have been killed in U.S. and Israeli strikes, with further deaths reported in Lebanon, Israel and the UAE
Shipping, aviation and energy markets have been severely disrupted, more than 11,000 flights have been cancelled, Gulf stock markets have closed temporarily, and oil and gas prices have surged amid Strait of Hormuz fears