Paramount Skydance has just signed a 10-year lease for Bayonne’s 1888 Studios. Paramount is set to occupy more than 285,000 square feet of the planned 58-acre facility, which will have 1.1 million square feet of production space and 23 smart sound stages.

Zas is also betting that “even if the DOJ says ‘no’ to any of these potential suitors, he can turn to the federal courts to overturn its decision because the antitrust case isn’t

A number of television executives have been affected by the major round of layoffs at Paramount, the first since the company was established by the $8.4 billion merger of Paramount Global and Skydance in August.

Paramount Skydance’s content distribution chief Lisa Kramer is exiting the buisness as part of the company’s overhaul. Kramer had been at the business (and forerunners including ViacomCBS) for almost two decades, initially joining Paramount Pictures in 2006 as senior vice-president of TV distribution for Europe.

The firings mark the first major restructuring since Skydance Media completed its $8.4 billion merger with Paramount Global in August.

The changes come as Skydance TV and the former MTV Entertainment and Showtime groups come under the Paramount TV Studios banner, led by Matt Thunell.

Reports surfaced earlier in 2025 that journalist Gayle King 's future with CBS might be uncertain after the Skydance Media and Paramount Global merger. Now that the merger has been completed, Variety is reporting that it's expected King will indeed exit CBS Mornings. RELATED: Gayle King's Status With CBS in The Future Unknown With Paramount Merger

A former CBS News producer accused the network of “race-based layoffs” after corporate parent Paramount Skydance introduced sweeping cuts, claiming in a viral TikTok that every producer laid off from his team was a person of color while white colleagues were reassigned.