Paramount Global Navigates Transformation Through Cost-Cutting and Acquisition Strategy

Paramount Global finds itself at a critical inflection point, implementing a dual-track approach of aggressive cost reduction and strategic expansion. The media conglomerate’s current trajectory involves shutting down multiple legacy television channels while simultaneously pursuing ambitious acquisition targets to strengthen its competitive position.

The company has initiated a comprehensive $500 million cost-saving initiative directly resulting from its merger with Skydance Media. This program includes significant cuts across its television operations and reflects Paramount’s broader strategic realignment toward streaming dominance.

Central to this transformation is the scheduled discontinuation of several music-focused channels by December 31, 2025. The affected services—MTV Music, MTV 80s, MTV 90s, Club MTV, and MTV Live—will cease operations across markets including the United Kingdom, Ireland, Continental... Read more...