The Paramount mountain logo has been repeatedly updated for more than a century. Adweek wrote: "Clouds have come and gone. The sun has risen and set. Paramount's owners have added their own names ...

Paramount Global is to close Paramount Television Studios, according to Bloomberg and Variety based on an internal memo from the company. The decision is part of a host of reorganisation measures ...

Paramount has begun laying off 15% of its global workforce and eliminating redundant roles to find $500 million in annual cost savings. Existing Paramount Television Studios projects will be ...

Paramount Global is closing down Paramount Television Studios (PTVS) as part of a broader restructuring plan. “This has been a challenging and transformative time for the entire industry, and ...

Paramount Television Studios is shutting down after Paramount Global began the latest round of cost-cutting ahead of the expected merger with Skydance Media. The company is looking to make some $500 ...

Today, Paramount Television Studios President Nicole Clemens announced that the division will shut down by the end of the week via a memo sent to employees, according to Deadline.

Paramount Television Studios, Maker of ‘Reacher,’ Shuts Down as Layoffs Begin at Paramount Global The company announced it would be cutting 15 percent of its global workforce ahead of merger ...

So in order to cut the $500 million per annual cost of PTS, Paramount Global is shutting it down. The continuing programming will fold into CBS Studios.

Paramount is laying off 15% of its staff, or about 2,000 people, in a major cost-cutting move aimed at finding $500 million in annual savings.

The cuts will reportedly account for between 2,000-3,000 job cuts. Among the cuts, Paramount announced the shuttering of Paramount Television Studios Tuesday, impacting about 20-30 jobs.