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 ]
As we all know, there is only one Valentine and it is every book. Luckily, Harrison Ford talking about how great libraries are is an acceptable human Valentine proxy for all books. Why—besides the fact that you can’t spell”Harrison Ford, you irascible Jedi” without “Library”—is Ford making PSAs... Continue reading at Literrary Hub
[ Literrary Hub | 2020-02-14 14:17:02 UTC ]
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Do some good and help these classrooms build inclusive libraries by donating or spreading the word about their projects. Continue reading at Book Riot
[ Book Riot | 2020-02-14 11:41:33 UTC ]
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As a girl, the author of “Wild” and “Tiny Beautiful Things” spent hours studying Scholastic book club catalogs. But “my family was too poor to pay for the books,” she says. Continue reading at The New York Times
[ The New York Times | 2020-02-13 10:00:03 UTC ]
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OPINION: Does seeing ad spend and number of advertisements really tell us that much? Continue reading at Stuff
[ Stuff | 2020-02-07 16:00:00 UTC ]
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From about 1890 to 1940, a half century of ultra-cheap editions of Jane Austen’s novels aimed explicitly at educating the working poor. Because these ill-printed and shabby versions of her stories never made it into the scholarly libraries that safeguard “important” editions, the hardscrabble... Continue reading at Literrary Hub
[ Literrary Hub | 2020-02-04 09:49:29 UTC ]
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First published in 1977, Usborne’s The World of the Unknown: Ghosts was among the most treasured books (and anecdotally, the most stolen) in school libraries of the late 70s and 80s. Many of my friends—a disproportionate number of whom are writers and artists—remember poring over the pages of... Continue reading at Literrary Hub
[ Literrary Hub | 2020-01-29 09:48:13 UTC ]
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ON HALLOWEEN 2016, former Fox News anchor Greta Van Susteren tweeted, “Colleges should stop building vanity projects like huge libraries and billing students–full libraries are on our smartphones!” At the time, this statement sounded like garden-variety know-nothingism, ideological in the sense... Continue reading at Los Angeles Review of Books
[ Los Angeles Review of Books | 2020-01-28 13:30:27 UTC ]
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Ten libraries could be closed across Hampshire with others having their opening hours reduced after the local authority announced plans to slash £1.76m from the service’s budget. Continue reading at The Bookseller
[ The Bookseller | 2020-01-10 01:00:51 UTC ]
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Audience Network, which has been on shaky ground since parent company AT&T bought Time Warner (now called WarnerMedia) in 2018, will soon be no more. AT&T said on Wednesday that it is pulling the plug on Audience Network, and will "transition" it this spring to a preview channel for HBO... Continue reading at AdWeek
[ AdWeek | 2020-01-09 00:45:55 UTC ]
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Rakuten OverDrive, a platform for digital books (used by more than 43,000 libraries and schools worldwide), has released a list of its most-borrowed ebooks and audiobooks in 2019. There are no real surprises on the list, besides maybe the fact that so many people want to listen to a woman tell... Continue reading at Literrary Hub
[ Literrary Hub | 2020-01-08 19:19:19 UTC ]
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When libraries help people in cold weather, they become a critical service for teens, the elderly, and unsheltered people. Continue reading at Book Riot
[ Book Riot | 2020-01-07 11:35:59 UTC ]
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In a year end letter to Hachette Book Group staff, HBG CEO Michael Pietsch looked back on a year of growth. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-01-06 05:00:00 UTC ]
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Darlington Borough Council will pay £2.9m to keep one of its libraries open after abandoning plans to close it. Continue reading at The Bookseller
[ The Bookseller | 2020-01-05 21:59:32 UTC ]
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Some Linux gamers who are using Wine to play Battlefield V are finding themselves permanently banned from the game. Player using the DXVK package are falling foul of Electronic Arts' anti-cheat system, seemingly because the DXVK Direct3D DLLs -- used to render 3D scenes in Wine -- are detected,... Continue reading at Betanews
[ Betanews | 2020-01-04 10:03:20 UTC ]
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Plans for Essex libraries by the county council have sent “alarm bells ringing” about increased commercialisation of the service, a campaign group has said. Continue reading at The Bookseller
[ The Bookseller | 2019-12-24 02:02:07 UTC ]
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The head of Essex's libraries has branded the county's current library IT system "clunky and out of date", as she hails the opportunity to invest in the service. Continue reading at The Bookseller
[ The Bookseller | 2019-12-23 00:45:10 UTC ]
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The best way to end the e-book standoff between publishers and libraries is to use data. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-12-20 05:00:00 UTC ]
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A daily roundup of the most interesting and awesome bookish links from around the web! Continue reading at Book Riot
[ Book Riot | 2019-12-18 11:30:11 UTC ]
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Library association CILIP says the library service needs up to £250m investment and has called for action from Boris Johnson’s government to secure its own future. Continue reading at The Bookseller
[ The Bookseller | 2019-12-18 08:39:06 UTC ]
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Bedbugs in public libraries are becoming routine. Luckily, there are a few things that librarians can do to stop them...starting with preparation. Continue reading at Book Riot
[ Book Riot | 2019-12-17 11:32:47 UTC ]
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