CBS Staffers Jump Ship Ahead Of More Layoffs From Another Pointless Media Merger

from the inevitable-outcomes dept

U.S. media mergers always follow the same trajectory. Pre-merger, executives promise all manner of amazing synergies and deal benefits. Post-merger, not only do those benefits generally never arrive, the debt from the acquisition spree usually results in significant layoffs, lower quality product, and higher rates for consumers. The Time Warner Discovery disaster was the poster child for this phenomenon.

After paying Trump his $16 million bribe, CBS and Skydance (Trump’s friends in the Ellison family) recently finalized their $8 billion merger. It didn’t take long for the company to announce that the only way it could pay for the debt of the pointless deal is by firing a whole bunch of people in “painful” fashion.

Despite a lot of promises last summer by Paramount executives that the layoffs would come in one fell swoop, CBS News boss Bari Weiss has implemented staggered cuts as she converts what was left of CBS into yet another safe space for right wing autocrats and their dwindling cult.

Apparently “a lot of people” at CBS News are taking Weiss up on a January town hall promise of buyouts for those insufficiently deferential to Larry Ellison’s ambitions:

“They include at least six producers out of the show’s total of roughly 20, according to another source, who added: “Seems like people are jumping ship.”

“It’s a lot of people,” a CBS insider said.”

In her head, I really do think Weiss believes she’s reshaping CBS News into a better news organization. In reality, Weiss was specifically hired by billionaire Trump ally Larry Ellison to convert CBS into yet another autocrat-friendly safe space for the perpetually aggrieved.

Weiss’ problem to date has been that she’s not just bad at management, judgment, and journalism, she’s bad at ratings-grabbing agitprop — the real reason she was hired by billionaires in the first place.

Weiss’ inaugural “town hall” with opportunistic right wing grifter Erika Kirk was a ratings dud, her new nightly news broadcast has been an error-prone hot mess, and her murder of a 60 Minutes story about Trump concentration camps — and the network’s decision to air a story lying about the ICE murder of Nicole Good — spurred a revolt among the CBS journalists who hadn’t quit yet.

Weiss’ weird ego trip is playing out alongside the old traditional failures of mindless media consolidation, the last refuge of executives who are all out of original ideas, but desperately want to goose quarterly earnings, generate temporary tax cuts, and get “savvy dealmaker” stamped on their LinkedIn profile.

The thing is, merger related promises both before and after the deal are always meaningless. The layoffs are driven by debt from acquisitions, and the new CBS has been making plenty of those, including a new $7.7 billion deal to acquire the exclusive rights to MMA fights, a costly campaign to steal Warner Brothers, and that $150 million deal to acquire Bari Weiss’ lazy contrarian propaganda blog.

Larry Ellison clearly wants to hoover up what’s left of corporate media (including CBS, CNN, HBO) — and fuse it with his co-ownership of TikTok to create a sort of Hungary-esque autocratic state media. The only thing saving us from this outcome to date is the fact that absolutely nobody in this weird assortment of nepobabies and brunchlords appears to have absolutely any idea what they’re doing.

Filed Under: bari weiss, cbs news, consolidation, journalism, larry ellison, layoffs, media, mergers

Companies: cbs, paramount, skydance