Comments

You have commented 358 times on Rantburg.

Your Name

Your e-mail (optional)

Website (optional)

	My Original Nic Pic-a-Nic Sorry. Comments have been closed on this article.
Foto

Submit your comments on this article

Economy

Bloodbath at Paramount claims 800 jobs including CBS News journalists embroiled in controversy

2024-02-14

[NY Post] Herridge was OK at Fox. Jumped for $$ (my assumption) and is now Funemployed
Several CBS News reporters were caught up in layoffs at Paramount Global that claimed 800 jobs, including one who is embroiled in a high-stakes First Amendment fight — and another who has reportedly weathered HR probes over his workplace behavior, The Post has learned.

Catherine Herridge — an award-winning senior correspondent whose First Amendment case is being closely watched by journalists nationwide — was among the hundreds of employees at CBS parent Paramount who got pink slips on Tuesday, sources told The Post.

The carnage provoked outrage from the rank-and-file at CBS, with some focusing their ire on Paramount Global CEO Bob Bakish, who pulled down $32 million in total compensation last year despite the company’s ever-shrinking financial profile.

"Everybody in the newsroom is pissed that Bob Bakish is making over $30 million and he’s making these cuts," one insider fumed.

Of course they are. I suspect he was right to do so, given the changed market, no matter how he screwed up by setting up the situation that led to this necessity, and the board will naturally reward him for cutting costs so significantly, even though the optics for that big a paycheck are awful.

Elsewhere, some suspected the layoffs were more than just cost-cutting. Sources said Herridge had clashed with CBS News president Ingrid Ciprian-Matthews — a sharp-elbowed executive who was investigated in 2021 over favoritism and discriminatory hiring and management practices, as revealed by The Post.
Lots of different ways to choose who gets cut when major cuts happen, and all of them feel unfair to those losing their jobs.

Posted by:Frank G

#8 Fox ratings for the month just got reported at 1.5 million daily views, MSLSD had 1.1, and CNN had 500k, including the airports. Tucker's single Putin Interview topped 200 million internet views as of last night. A la carte news consumption done by independents is ascendant over the old guard legacy sources and their biased reporting and intentional editorial blindness.

Posted by: NoMoreBS 2024-02-14 13:43

#7 The first two quarters of the super bowl (30 minutes) lasted 2 hours due to huge number of commercials. The networks have turned the super bowl into a money grabbing scam.

Posted by: Angealing B. Hayes4677 2024-02-14 13:31

#6 Yesterday CBS was gloating about their Super Bowl ratings, today they're laying off 800 people. So, maybe their every day ratings are not so hot.

Dunno about Herridge but I can't help thinking if she was so good, what was she doing at CBS? I understand options are limited for honest journalists but I think I'd rather take my chances with independence than compromise my integrity at CBS.

Posted by: Abu Uluque 2024-02-14 12:10

#5 Feel good story of the day.

Posted by: Abu Uluque 2024-02-14 12:02

#4 *clears throat, leans in*
Learn to Code.

Posted by: swksvolFF 2024-02-14 11:55

#3 Could be worse.

UN warns 'a million Palestinians are staring death in the face in Gaza' and says Israeli assault on Rafah will lead to 'slaughter' as IDF prepares to attack despite international pressure

Posted by: Skidmark 2024-02-14 08:54

#2 Herridge was most likely at top of the list.

Posted by: Rex Mundi 2024-02-14 08:36

#1 The needs of the one outweigh the needs of the many!

Posted by: AlmostAnonymous5839 2024-02-14 07:34

00:00