Skydance staff brace for shake-up after $110bn megamerger

Skydance, the media empire formed from the $110bn merger of Paramount and Warner Bros Discovery, faces pressure to cut costs. Chief executive David Ellison is targeting $6bn in savings within three years and aims to reduce debt of more than $80bn in the same period. The group, spanning HBO, CNN and CBS, employs more than 53,000 people, many uneasy about cuts.