Have thought this for a while, the press release when he was announced as returning to 10 said they would work on projects for him at the network and Paramount+ but nothing has eventuated.
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I’ve always thought that US show extreme makeover would be a good fit for ten. Both the people version and the home edition. And I notice it is just being rebooted in the US as well
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Damian Barrett raised the idea on The Sounding Board this week that Eddie McGuire and Craig Hutchison should join forces to purchase Channel 10.
Not a bad idea, both Eddie and Craig have the credentials and know what is required to run a successful business and on-air operation. Surely Ten would be run better under Australian operators.
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Damian Barrett is a sycophant.
SEN nearly went under last year, but you’d never know it listening to their propaganda podcast.
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Lmao.
10 won’t be gutsy enough to try this after Changing Rooms flopped all those years ago.
How many fringe AM licences would Hutchy need to sell to buy 10?
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Sounds like Skydance might be a better outcome for Paramount+ and the TV stations than Sony.
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The execs sketched out initiatives to reduce costs “to be consistent with industry standards,” per Redstone, as well as drive revenue and profitability.
Paramount’s execs have already identified $500 million in annual cost savings, he said. Layoffs will target “duplicative teams and functions across the organization, real estate, marketing and other corporate overhead categories.”
“To be clear, $500 million in cost savings is just the beginning,” Cheeks said, saying Paramount Global will provide more details on the company’s Q2 earnings call in August.
The company also has scoped out certain assets it can divest to bolster the balance sheet, Cheeks said, although he didn’t say what those are.
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Say bye to 10 Pyrmont
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Heck, could even just be bye bye 10!
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From my understanding the don’t own Pyrmont?
They don’t, I think it’s owned/managed by Goodman from memory.
But it seems like a very extravagant headquarters when we’ve seen other networks rationalise their office space over the last few years. I think it’s inevitable to think that Paramount will do the same at some stage.
Not really. It has the smallest studio space of any of the free to air networks. The office space in Sydney is home not only to 10 but to MTV and paramount + amongst other paramkijt global companies.
The HQ has served them well since 1995.
The lease como in Melbourne so perhaps they can find cheaper premises down there. They don’t own Brisbane as it’s a 99 year lease. Their Perth and Adelaide premises are small leased properties.
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Not to mention that Adelaide relocated its offices, sans-studio, to outside of the CBD barely 2 years ago likely to reduce costs.
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Time will tell. Certainly there will be plenty of pressure from global management to explain why the network need to remain in a premium location with that huge atrium instead of moving to cheaper office space elsewhere.
Do they pay extra for the atrium? 
The savings in rent they pay would really need to offset what a large & costly move would entail. That is a huge amount of workforce and infrastructure they would need to move to a / fit out a new location etc. that would be fit for purpose.
They spent a pretty penny ($5 million) in 2012 to do an extensive fit out on those Pyrmont offices to suit their needs and further work since with the news sets etc.
I really can’t see them moving anytime soon, but never say never.
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Indirectly, yes. Obviously there’s not a line item on their budget and on the landlord’s invoices that says “atrium” but it contributes to the value of the space and the upper levels could probably be filled in and leased as additional floorspace.
Anyway, it was just a thought bubble. These are obvious questions for any business to ask themselves when they are under financial pressure.
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