Paramount Global's Business Strategy

Paramount Global's trio of co-CEOs announced plans to sell assets to pay down debt and focus on profitability at a town hall meeting. They aim to transform their streaming strategy, optimize their asset mix, and modernize the organization to achieve success.

Paramount Global's Business Strategy and Future Plans

Paramount Global's new co-CEO troika of Brian Robbins, George Cheeks, and Chris McCarthy revealed plans for cost savings through layoffs and selling certain assets. They are looking for a strategic partner for Paramount+ and considering options to strengthen the company's financial position.

Changes at Daily Beast under Joanna Coles

Newly-installed Daily Beast boss Joanna Coles is making significant changes at the news site, including attempting to hire Brian Stelter and offering voluntary buyouts to 37 unionized staffers as part of cost-saving measures.

Inflation and Economic Policy

Deputy Treasury Secretary Wally Adeyemo commented on PCE inflation report, stating that inflation has dropped and will continue to do so, urging food companies to pass cost savings to consumers. He also mentioned the President's focus on reducing costs for Americans through various measures.