While the global extent of the cuts will be around 800 jobs, the impact in Australia will be minimal, said a local Paramount source speaking anonymously due to the sensitivity of the decision and the fact that affected workers were yet to be notified. The job losses arenât expected to extend to editorial staff.
And it beginsâŚ. Again
Poor 10 cannot catch a break, even after all the job cuts in the 2010s and its rescue by CBS⌠
The ViacomCBS merger in 2019 really shifted the tide after all their hard effort in restoring the brandâs image and reputation in between 2017 and 2018.
Hopefully itâs not âbye bye, Late Newsâ but the silence is concerning.
Have there been any reports on who or what department has been affected this evening?
Is a new owner going to be any better though?
A new owner where 10 is their sole investment would be ideal.
Which in the current climate would be unlikely.
If anything News Corp will try again.
I doubt you would ever find such a buyer.
or Bruce Gordon 
If they had one owner that wasnât a media conglomerate then 10 wouldnât be able to compete. No streaming, no varied revenue streams, no cash flow. Debt would spiral out of control. It would spell their death knell even quicker than now.
I think entirely seriously WIN/Bruce Gordon would probably be the best owner Ten could have. Someone who is extremely old media would be one way of staving off some of the cuts inherent in the content farm for streaming business model that networks are moving to.
Otherwise, though they donât have the cash, a tie up with ACM would have similar âtrying to make old ideas workâ approaches, which might preserve strong newsrooms and local content.
You basically just need an owner who wants to be in the âmediaâ business not âcontentâ.
The other buyer direction would be someone who sees Ten as just the license and 23Mbps of broadcast capacity in the capital cities, and then seeks to subdivide it and just sell capacity. Sure lots of it would be advertising channels, but as thereâs a need to meet the content rules, that would still require a number of the operators to provide real TV.
I doubt theyâd be interested, but it would make sense for a company like BAI communications, similiar to Arqivaâs model in the UK.
Paid streaming is the future, or now really, of TV.
Itâs not that much of a luxury. Wasnât there a report recently where 89% of Australians had at least one service?
Nothing yet from what Iâve seen.
Surely this time the cuts start at the top.
Iâm assuming nothing from the Newsrooms, as we would have heard by now.
Just some internal jobs it seems. Sounds like all the networks are cutting some jobs, with Nine today announcing cuts to its sales department.
COO and co-lead Jarrod Villani is gone.
And Beverley is staying on as sole boss in Aus.
What has she got over these people? She should have gone years and years ago.
Crazy!
That woman has more lives than a cat.
Given the debacle and recent news surrounding the Wilkinson court case, she should have been turfed based on that alone.
Agree. I donât understand how she has survived all these cuts considering how the network has dropped under her watch.