Overview

• CBS issued a statement rejecting Puck’s claim that CBS News loses about $50 million annually, asserting the division is currently profitable.
• Puck’s Dylan Byers reported the alleged losses and described plans attributed to new ownership to “right-size” the newsroom, including lower talent pay and smaller teams.
• Byers later noted CBS’s pushback and said the gap may reflect accounting nuances that require further examination.
• Paramount completed its $8 billion merger with Skydance, and new owner David Ellison visited CBS News first as staff anticipated potential restructuring.
• New Paramount president Jeff Shell signaled layoffs would be significant but executed in one sweep rather than staggered quarters.