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 ]
Two years ago, with the depths of the pandemic still close in the rearview mirror, New York’s top officials charted a way forward: dozens of big ideas proposed by a group of 57 civic leaders, endorsed by the mayor and governor and geared toward revitalizing the city’s business districts.Now, the... Continue reading at Crains New York
[ Crains New York | 2024-12-16 10:48:25 UTC ]
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Catch up with the latest in library news, including mental health literacy resources, Japanese libraries trying out book sales, and more. Continue reading at Book Riot
[ Book Riot | 2024-12-13 12:30:00 UTC ]
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Book bans are tanking sales of children's books. Schools and libraries aren't buying books about LGBTQ+ issues and race as they brace for culture war pushback. Continue reading at Los Angeles Times
[ Los Angeles Times | 2024-12-12 11:00:55 UTC ]
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Constantinou, a longtime leader in library innovation who most recently served as director of libraries at the University of Pennsylvania, has been appointed as the new executive director of the Whiting Foundation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-10 05:00:00 UTC ]
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Gov. Kathy Hochul has signed two bills aimed at speeding up the city’s famously sluggish capital process — a win for Mayor Eric Adams’ administration, which pushed for the changes in hopes of expediting big construction projects and driving down their costs.The most significant bill signed into... Continue reading at Crains New York
[ Crains New York | 2024-12-02 18:13:11 UTC ]
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The film distributor, production company, and streaming service, will launch a publishing arm, Mubi Editions, next April, focusing on titles on cinema and the arts. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-02 05:00:00 UTC ]
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The Supreme Court has stepped into a major legal fight over the $8 billion a year the federal government spends to subsidize phone and internet services in schools, libraries and rural areas, in a new test of federal regulatory power Continue reading at ABC News
[ ABC News | 2024-11-22 20:46:35 UTC ]
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How libraries should prepare for the incoming administration right now, from updating trustee descriptions to addressing mis/dis information. That, plus this week's book censorship news. Continue reading at Book Riot
[ Book Riot | 2024-11-22 13:30:00 UTC ]
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The survey captured a range of trends in patron engagement from 115 ULC member libraries, "representing nearly 2,300 locations and serving over 87.5 million people” for 2023. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-22 05:00:00 UTC ]
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Books removed from Florida libraries include books by and about marginalized people as well as classic authors like George Orwell. Continue reading at Book Riot
[ Book Riot | 2024-11-15 12:15:00 UTC ]
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EveryLibrary, a non-profit dedicated to supporting public and school libraries across the country via local grassroots organizing, has been tracking anti-library legislation since 2012. Between the onslaught of book bans and censorship petitions, they’ve naturally had a busy few years. But last... Continue reading at Literrary Hub
[ Literrary Hub | 2024-11-13 17:52:28 UTC ]
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Florida is one the most diverse and fastest growing states in the United States. It is also, tragically, the epicenter of book banning in America. Thousands of books have been banned from public schools and libraries in an attempt to silence dissenting voices that explore the experiences of... Continue reading at Electric Literature
[ Electric Literature | 2024-11-13 12:05:00 UTC ]
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Alison Tweed, CEO of U.K.–based charity Book Aid International, describes the destruction of libraries in Lebanon, Ukraine, and Iraq and advises on how the book business can help to rebuild them. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-13 05:00:00 UTC ]
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TL;DR: SurfShark VPN protects your data, hides your location, and gives you access to content from anywhere. Get two years for $45.59 with coupon code HOLIDAY20 until November 17. These days, surfing the internet without a safeguard is a bit like wading into shark-infested waters —... Continue reading at PC World
[ PC World | 2024-11-09 14:00:00 UTC ]
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"Are we continuing to pretend that libraries are inherently neutral and apolitical institutions?" Thoughts? Continue reading at Book Riot
[ Book Riot | 2024-11-08 12:30:00 UTC ]
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There are really two types of ereaders: Dedicated ebook/audiobook devices or slabs that are more akin to small tablets with E Ink screens. In the first category, the competition is really between Amazon’s Kindle devices and Rakuten’s Kobo readers. Ereaders in the latter group include entries... Continue reading at Engadget
[ Engadget | 2024-11-07 08:00:36 UTC ]
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The last few years have been difficult for libraries and librarians. And with last night’s election results, the future for the profession just got a lot murkier, according to the customary election night wrap-up from nonpartisan library political action committee EveryLibrary. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-06 05:00:00 UTC ]
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It's been a Mac-heavy week! In this episode, Devindra and producer Ben Ellman dive into all of Apple's new M4 hardware: the new iMac, Mac mini and refreshed Macbook Pros. The Mac mini, in particular, looks like it'll be a huge hit for anyone who needs a simple desktop system. Also, we dive into... Continue reading at Engadget
[ Engadget | 2024-11-01 13:20:04 UTC ]
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Long a 'deadlocked debate,' the question of ebook lending through libraries has reached new 'willingness to engage' in Germany. The post Germany’s E-Lending Round Table: ‘A Constructive Process’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-10-31 20:29:41 UTC ]
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Impossible book data we wish existed, haunted libraries around the U.S., tarot-inspired bookish gifts, and more. Continue reading at Book Riot
[ Book Riot | 2024-10-31 15:00:00 UTC ]
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