Paramount Skydance has sold Argentine broadcaster Telefé to local business duo Gustavo Scaglione and José Luis Manzano. The deal was valued at around $100m by Buenos Aires-based newspaper La Nación, which broke the news. Telefe cost Paramount $345m when it was acquired by Paramount forerunner Viacom in 2016.

Paramount Skydance will lay off about 2,000 U.S. employees under David Ellison's new management regime starting the week of Oct. 27.

The Writers Guild of America, which represents screenwriters and newsroom staffers, said it will oppose a deal combining Paramount Skydance Corp. and Warner Bros. Discovery Inc.

Shares of Paramount Skydance Corp. (PSKY) climbed over 1.30% in Monday’s early premarket session as traders reacted to reports that media giant may announce a round of layoff as early as this month. Media giant Paramount merged with David Ellison-led Skydance on Aug.

EXCLUSIVE: In another big and bold move from the new Paramount regime following the Skydance merger, the studio is in final negotiations to board Ebenezer: A Christmas Carol, with Johnny Depp set to star and Ti West on board to direct.

Jon Stewart joked that his new boss should “have it all,” as his network’s new overlord Skydance continues to gobble up the country’s biggest media companies. Skydance CEO David Ellison now has his sights set on acquiring Warner Bros. Discovery after its acquisition of Paramount, The Daily Show ’s parent company.

Warner Bros. Discovery begins evaluating acquisition offers amid reported interest from Paramount and Skydance, as HBO Max raises prices and a major media split looms by 2026.

Paramount Skydance CEO David Ellison has reportedly expressed interest in buying the company, in a sale that could place CNN and CBS under one parent company.