Warner Bros. Discovery splits streaming and cable
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Paramount Global plans to cut several hundred employees on Tuesday due to a continuing decline in the cable-TV industry and the broader economic landscape.
A recent round of layoffs at Paramount has affected 3.5% of the company’s US teams, with more cuts still on the table in the coming months.
Lake Forest residents who prefer to watch city meetings on cable television will continue to have that option as the City Council did not approve a staff recommendation to suspend the channel.