Ellison has also made a play for Warner Bros. Discovery, which has rebuffed three offers from Paramount, The Wall Street Journal reported. Paramount made three offers for Warner in September for $19 a share and then $22, before raising it to $23.50.

Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.

"CBS Saturday Morning" co-hosts Michelle Miller and Dana Jacobson are among the nearly 100 news division employees cut as part of a massive round of layoffs at parent company Paramount.

Paramount has initiated its first major round of layoffs following the company’s merger with Skydance, and the David Ellison regime has cut a number of executives across its television divisions. Paramount’s linear broadcast and cable networks were hit hard,

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.

There are more big changes coming for CBS News, but for the first time in a while, they can’t be traced to new editor-in-chief Bari Weiss. Paramount underwent a round of layoffs today, eliminating 1,000 jobs across the company.

Around 100 jobs at CBS News were affected by the layoffs at Paramount, which started on Wednesday and are likely to continue through the end of the year. Shows that were launched with streaming in mind, including “CBS Evening News Plus” and “CBS Mornings Plus,” are expected to wind down as a result of the cuts.

The changes come after it was announced that CBS had axed its signature late-night program, “The Late Show with Stephen Colbert,” which will end in May, and will be saying goodbye to “CBS Evening News” anchor John Dickerson.

A former CBS News producer accused the network of race-based layoffs in a viral TikTok, claiming only people of color were terminated while White staffers were relocated.