Market Chatter: CBS News' to Layoff Around 15% of Staff

MT Newswires Live

02/13

Paramount Skydance (PSKY) unit CBS News is considering a fresh round of layoffs, Variety reported Thursday, citing people familiar with the matter.

The cuts could total at least 15% of current staff, the report said.

Editor-in-chief Bari Weiss wants to spend more money on commentary and streaming video rather than news reporting, the report said.

CBS News did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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