Paramount to cut 110 positions, 5 pct of workforce - Fox 2 News Headlines

Paramount to cut 110 positions, 5 pct of workforce

Posted: Updated:
LOS ANGELES (AP) - Viacom Inc.'s movie studio, Paramount Pictures, is cutting 110 positions worldwide in a reorganization that the company says will help it adapt to increasing competition.

Paramount Chief Operating Officer Frederick Huntsberry announced the move in a memo to staff on Tuesday.

The job reductions amount to about 5 percent of Paramount's workforce of 2,200 and are being made across several departments including finance, international home media distribution and marketing.

Shares in New York-based Viacom rose 75 cents, or almost 1 percent, to $84.33 in regular-session trading. They tacked on another 3 cents after hours.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • EntertainmentMore>>

  • Bridget Moynahan stars in 'Small Time'

    Bridget Moynahan stars in 'Small Time'

    Friday, April 18 2014 5:31 PM EDT2014-04-18 21:31:21 GMT
    The mind behind "24" brings us "Small Time," an intimate family drama that unites some of TV's most recognizable faces: "Law Order" alum Chris Meloni, Dean Norris (a.k.a. Hank Schrader from "Breaking Bad"), and "Blue Bloods" actress Bridget Moynahan. "I read 'Small Time' and it's just one of those scripts that just reads perfectly," she said.
    The mind behind "24" brings us "Small Time," an intimate family drama that unites some of TV's most recognizable faces: "Law Order" alum Chris Meloni, Dean Norris (a.k.a. Hank Schrader from "Breaking Bad"), and "Blue Bloods" actress Bridget Moynahan. "I read 'Small Time' and it's just one of those scripts that just reads perfectly," she said.
  • Rosie O'Donnell drops 50 pounds

    Rosie O'Donnell drops 50 pounds

    Rosie O'Donnell has shed nearly 50 pounds in recent months — and she's posted a picture on Twitter to prove it.
    Rosie O'Donnell has shed nearly 50 pounds in recent months — and she's posted a picture on Twitter to prove it.
  • Nobel Prize-winning novelist Gabriel Garcia Marquez dead at 87

    Nobel Prize-winning novelist Gabriel Garcia Marquez dead at 87

    Gabriel Garcia Marquez, the Nobel Prize-winning Columbian novelist known for One Hundred Years of Solitude, has died, according to the New York Times. He was 87.
    Gabriel Garcia Marquez, the Nobel Prize-winning Columbian novelist known for One Hundred Years of Solitude, has died, according to the New York Times. He was 87.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices