Paramount to cut 110 positions, 5 pct of workforce - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

Paramount to cut 110 positions, 5 pct of workforce

Posted: Updated:
LOS ANGELES (AP) - Viacom Inc.'s movie studio, Paramount Pictures, is cutting 110 positions worldwide in a reorganization that the company says will help it adapt to increasing competition.

Paramount Chief Operating Officer Frederick Huntsberry announced the move in a memo to staff on Tuesday.

The job reductions amount to about 5 percent of Paramount's workforce of 2,200 and are being made across several departments including finance, international home media distribution and marketing.

Shares in New York-based Viacom rose 75 cents, or almost 1 percent, to $84.33 in regular-session trading. They tacked on another 3 cents after hours.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • EntertainmentMore>>

  • Nas kicks off Tribeca with documentary, concert

    Nas kicks off Tribeca with documentary, concert

    The raw New York lyricism of Nas kicked off the 13th annual Tribeca Film Festival with an exuberant hip-hop beat.
    The raw New York lyricism of Nas kicked off the 13th annual Tribeca Film Festival with an exuberant hip-hop beat.
  • Robert De Niro says Tribeca Film Festival is his passion

    Robert De Niro says Tribeca Film Festival is his passion

    Wednesday, April 16 2014 8:01 AM EDT2014-04-16 12:01:20 GMT
    Robert De Niro is a family man, a filmmaker, an entrepreneur and one of my favorite actors of all time. He's also a co-founder of the Tribeca Film Festival, which has more to see than ever before. De Niro wears just as many hats on screen as he does in real life. The father of six starred in six films last year, owns four restaurants and a hotel, and still finds time each spring for the Tribeca Film Festival, Lower Manhattan's annual cinematic showcase.
    Robert De Niro is a family man, a filmmaker, an entrepreneur and one of my favorite actors of all time. He's also a co-founder of the Tribeca Film Festival, which has more to see than ever before. De Niro wears just as many hats on screen as he does in real life. The father of six starred in six films last year, owns four restaurants and a hotel, and still finds time each spring for the Tribeca Film Festival, Lower Manhattan's annual cinematic showcase.
  • Lindsay Lohan's mom pleads guilty to DWI in NY

    Lindsay Lohan's mom pleads guilty to DWI in NY

    Actress Lindsay Lohan's mother has pleaded guilty in New York to a misdemeanor charge of driving while intoxicated. Dina Lohan also pleaded guilty to speeding during her court appearance Tuesday on Long Island.
    Actress Lindsay Lohan's mother has pleaded guilty in New York to a misdemeanor charge of driving while intoxicated. Dina Lohan also pleaded guilty to speeding during her court appearance Tuesday on Long Island.
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices