Paramount is laying off 15 percent of its US workforce, according to reporting by Deadline. This follows a lean second quarter earnings report in which total revenue fell short from an expected $7.21 billion to $6.81 billion. The layoffs will impact around 3,000 people. “The industry continues to evolve, and Paramount is at an inflection point where changes must be made to strengthen our business,” company CEOs wrote in a staff memo. Paramount representatives say these cuts will happen in three stages, with layoffs beginning today and 90 percent of all cuts being completed by the end of September. The layoffs will primarily impact employees involved in marketing and communications, though the company’s legal and finance arms will also face cuts. Paramount already laid off three percent of its workforce back in February, and this was after a three percent increase in revenue growth that was largely credited to its streaming and film businesses. So, a three percent increase of revenue translated to a three percent reduction of Paramount’s workforce and missing revenue expectations by around four percent is leading to layoffs accounting for 15 percent of company employees. Workers can’t catch a break. All of these layoffs are likely being used to clear the runway, so to speak, for the forthcoming merger with Skydance. The merger was announced back in June and will soon head to the regulatory review process. Paramount has also been raising prices for its streaming service... Continue reading at 'Engadget'
[ Engadget | 2024-08-13 15:31:20 UTC ]
Riding a wave of growing enthusiasm for reading, many bookstores and libraries have expanded their programming to let grown-ups in on the literary fun. Continue reading at The New York Times
[ The New York Times | 2025-05-30 09:00:32 UTC ]
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A handy guide to preparing your library now for Pride month, including ideas for educating patrons about the current attacks on LGBTQ+ books, libraries, and more. Continue reading at Book Riot
[ Book Riot | 2025-05-23 12:15:00 UTC ]
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Beyond books, cities like Huntsville that invest in library innovation are building economic resilience. In an era dominated by artificial intelligence and smartphones, one of the most overlooked engines of economic growth sits quietly at the heart of every neighborhood: the public library. Continue reading at Fast Company
[ Fast Company | 2025-05-21 22:34:00 UTC ]
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Libraries’ e-book and audiobook programs are especially vulnerable to the Trump administration’s budget cuts. Libraries across the United States are cutting back on e-books, audiobooks, and loan programs after the Trump administration suspended millions of dollars in federal grants as it tries... Continue reading at Fast Company
[ Fast Company | 2025-05-19 19:30:00 UTC ]
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Small towns in red states overwhelmingly voted in support of cutting federal spending in their own backyard. Now the future of their libraries—and their communities—is in flux. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-05-16 04:00:00 UTC ]
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I’m always happy to find a new reason why libraries make eveything better, and today I’m pleased to report that some very serious academics have concluded that public libraries are the urban planning equivalent of Batman: great at fighting crime. I stumbled upon this information via a post by... Continue reading at Literrary Hub
[ Literrary Hub | 2025-05-13 17:57:51 UTC ]
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Crain’s asked the nine leading candidates in the June Democratic primary for mayor of New York City to answer questions about their stances on the city’s biggest issues. Below are the answers by Adrienne Adams, the City Council speaker and lawmaker from Southeast Queens. Adams, who made a late... Continue reading at Crains New York
[ Crains New York | 2025-05-07 23:51:19 UTC ]
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Attorneys for the plaintiffs in Penguin Random House LLC v. Gibson argued that their clients “have suffered First Amendment injury” due to book removals in classrooms and libraries facilitated by Florida House Bill 1069, which was signed into law in May 2023. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-30 00:00:00 UTC ]
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Tens of thousands of Los Angeles county workers are going on strike, closing libraries and disrupting administrative operations across the region Continue reading at ABC News
[ ABC News | 2025-04-29 03:58:26 UTC ]
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Nonfiction awards from the PEN Foundation, ALA's State of Libraries report, and more Continue reading at Book Riot
[ Book Riot | 2025-04-23 12:30:00 UTC ]
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It's been 10 years since Lumberjanes hit bookstores and libraries and so many hands. Looking back, what made Lumberjanes so successful? Continue reading at Book Riot
[ Book Riot | 2025-04-16 12:00:00 UTC ]
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We spoke with three teachers and librarians who are encouraging their students and patrons to join the fight to protect the environment. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-14 04:00:00 UTC ]
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Mark Zohar, CEO, Viafoura The publishing industry is at an inflection point. After one decade of over-reliance on platform-driven growth, declining social media referrals and AI-driven traffic shifts are forcing publishers to rethink their audience strategies. Community is the way forward. It’s... Continue reading at Digiday
[ Digiday | 2025-04-08 13:56:46 UTC ]
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Where and when did school librarianship begin? A look at the growth, development, and challenges faced by school libraries through American history. Continue reading at Book Riot
[ Book Riot | 2025-04-08 12:30:00 UTC ]
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In its annual State of America's Libraries report, the American Library Association found that George M. Johnson’s All Boys Aren’t Blue was the most challenged book of last year, among other titles largely by and about LGBTQ+ persons and people of color. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-07 04:00:00 UTC ]
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Amidst turmoil, the American Library Association is marking National Library Week April 6-12 with the tagline “Drawn to the Library,” which emphasizes the essential role libraries play in American life. This year’s honorary cochairs are Raina Telgemeier and Scott McCloud. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-04 04:00:00 UTC ]
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Two years ago, newly pregnant and fleeing a violent partner, Briana Drummer left her life behind and checked into a family shelter. There, feeling overwhelmed, she spotted “a big, bright poster” advertising CUNY Reconnect, a program that allows adults with partial college credit to finish their... Continue reading at Crains New York
[ Crains New York | 2025-04-03 09:48:13 UTC ]
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Four of the Big Five publishers and Sourcebooks sent a letter to Congress on April 3 expressing “deep concern” for the nation’s libraries following a week of unprecedented turmoil orchestrated by the Trump administration at the Institute of Museum and Library Services. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-04-03 04:00:00 UTC ]
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Ohio House Republicans would require libraries remove LGBTQ+ books from sight of those under 18 while also slashing $100 in public library funding. Continue reading at Book Riot
[ Book Riot | 2025-04-02 15:50:00 UTC ]
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The Institute of Museum and Library Services has long received bipartisan support. But after years of trying, President Donald Trump has delivered it a crushing blow. Continue reading at Wired
[ Wired | 2025-04-01 16:29:52 UTC ]
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