Paramount Lays Off 800 Workers, 'The Daily Show' Scores Biggest Audience in 5 Years and Stuber's Netflix Exit Sparks Successor Guessing Game

Plus: Former Def Jam producer sues Russell Simmons for rape, The Daily Beast puts 'Confider' on hiatus and Box office finally gets some help [Bob Bakish Paramount]( [Paramount Global to Lay Off 800 Amid Major Cost-Cutting Moves]( By Eileen AJ Connelly Paramount Global will lay off up to 800 staffers in a major cost-cutting effort aimed at returning the business to profitability, as talks continue to swirl that it will sell all or parts of itself. In a memo to staffers early Tuesday, CEO Bob Bakish wrote that getting back in the black means it must “grow revenue, while reducing costs,” and comes after reductions last year that saw the company combine Paramount+ streaming service with Showtime and cancel a long list of shows. [Read More]( --------------------------------------------------------------- [Jon Stewart Daily Show Return]( [Jon Stewart's 'Daily Show' Return Scores 1.85 Million Viewers, Show's Biggest Audience in 5 Years]( By Loree Seitz Jon Stewart’s return to “The Daily Show” ushered in record-breaking ratings for Comedy Central. [Read More]( --------------------------------------------------------------- [Scott Stuber]( [As Netflix Shrinks Its Film Ambitions, Does Anyone Want to Replace Scott Stuber? | Analysis]( By Kristen Lopez and Umberto Gonzalez Scott Stuber’s announcement in January that he was leaving the top film job at Netflix after seven years at the streamer has set off a parlor game of guessing who might replace him. But the better question might be: who would want to? [Read More]( --------------------------------------------------------------- [Russell Simmons visits the Build Series in 2017 in New York City]( [Russell Simmons Sued for Rape by Former Def Jam Producer]( [The Daily Beast Confider Newsletter]( [Daily Beast Media Newsletter ‘Confider’ Likely Dead After Editor at Large Departs | Exclusive]( [madame-web-bob-marley-box-office]( [Box Office Is Finally Getting Some Help — But Still No Slump Busters]( [Paul Giamatti, Cillian Murphy, Emma Stone, Lily Gladstone]( [In a Predictable Year, Here Are Some Oscar Categories That Are Still Up in the Air]( --------------------------------------------------------------- [Wrap Pro logo] Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. [Subscribe Today]( --------------------------------------------------------------- [Facebook]( [Twitter]( [Instagram]( [YouTube]( TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Preferences]( | [Unsubscribe]( [LiveIntent Logo]( [AdChoices Logo](