In July, Paramount and Skydance Media completed an $8 billion merger to form Paramount Skydance Corp. The strategic move came amid restructuring and was followed by reports in August revealing that Jeff Shell, former NBCUniversal CEO and now President of Paramount Skydance, confirmed the company wants to implement swift cost cuts and layoffs ahead of the company’s Q3 2025 earnings report to be shared with investors in November.

During this time, the newly merged company signed a seven-year, $7.7 billion deal with the UFC, led by Dana White, to broadcast events on Paramount+ and CBS, marking one of the largest sports media rights agreements in recent years. Meanwhile, a report from The New York Post on August 22 indicated that Paramount Skydance was preparing for a major round of layoffs e

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