All the CBS News Fit to Print

david ellison
While paying customary lip service to the news division’s legacy, David Ellison will embark on a plan to rightsize the business by reducing talent salaries, cutting operational costs, and, yes, laying off some staff, all in the interest of reducing that burden. Photo: Courtesy of Paramount
Dylan Byers
August 22, 2025

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In recent days, as Skydance C.E.O. David Ellison and his consigliere Jeff Shell assumed control of Paramount and embarked on their bicoastal press tour, I’ve devoted considerable attention to the new management team’s plans for CBS News—an inarguably marginal piece of their $17.5 billion business, but one that also inarguably punches above its weight in terms of the mishegas it creates for its ownership and management. As many media executives are fond of saying to one another, and occasionally to me, the news business is an alluring but sticky wicket—5 percent of my business and 95 percent of my problems, as the saying goes. Shari Redstone, for her part, recently attested as much in the pages of The New York Times.