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RE: LeoThread 2023-08-14 00:38

in LeoFinance • last year

🧵 1. Neeraj Khemlani, CBS News president, is stepping down to create content for CBS in a new deal, including documentaries and scripted series - Variety report. #business

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    🧵 2. Khemlani, responsible for CBS News and popular programs like "Face the Nation" and "60 Minutes," praised employees for their achievements in a memo - Variety.

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      🧵 3. CBS may soon announce a successor to Khemlani, who joined in April 2021. His departure is the latest in a series of leadership shakeups in news networks - Variety.

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        🧵 4. Soft advertising market and upcoming elections pose challenges for media companies. Paramount's shares down 9.5% this year - Variety.

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          🧵 5. In Q2 earnings report, Paramount's revenue falls 2% YoY, with TV segment affected by lower advertising revenue - Variety.

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