ViacomCBS' advertising sales division as well as Nickelodeon, MTV News and other units were also impacted by cuts
CEO Bob Bakish says the merged firm will"streamline our operations, manage our costs as diligently as we can, and follow through on our committed post-merger synergy targets."
ViacomCBS' advertising sales division as well as Nickelodeon, MTV News and other units were impacted by cuts Wednesday as part of the ongoing restructuring. The company did not comment beyond Bakish's memo. The company cited "cancellation or rescheduling of sports events for which the company had broadcast rights, and production delays in television and filmed entertainment" and said it wasn't able to estimate the impact on future operating results. for workers who were impacted on halted film and TV productions.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ViacomCBS Chief Updates Staff On Layoffs, Cost-Cutting MeasuresAs ViacomCBS keeps up its plan for $750 million in post-merger cost savings, CEO Bob Bakish sent a note to employees on Wednesday as an update on the company&39;s progress.
Read more »
Live Nation Chief Michael Rapino Details Refund Plan, Ticketmaster Issues in Memo to Staff (Read)As the coronavirus pandemic has devastated the touring industry, it is not surprising that Live Nation, the world’s largest live-entertainment company, has been impacted on a scale arguably greater…
Read more »
Exiting USAID Chief On The Pandemic, Foreign Aid, Trump's PoliciesFor nearly 3 years, Mark Green led USAID in delivering foreign aid to countries in need during times of crisis. 'An effective World Health Organization is important for our interests as much as the interests of other countries and other peoples,' he says.
Read more »
Apple's retail chief reportedly said many more stores will open next month - Business InsiderIt's unclear which stores Apple plans to reopen, but retail exec Deirdre O'Brien previously suggested that US locations could start reopening in May.
Read more »
WHO chief says pandemic 'far from over', worried about childrenChildren may be at low risk for infection by Covid-19 but are vulnerable to other deadly diseases without the vaccinations that are currently being held back by border restrictions according to the WHO's Direct-General.
Read more »
WHO chief says pandemic 'far from over', worried about childrenThe coronavirus pandemic is "far from over" and is still disrupting normal health services, especially life-saving immunisation for children in the poorest countries, the head of the World Health Organization (WHO) said on Monday. "We have a long road ahead of us and a lot of work to
Read more »