Paramount-Warner Merger: Ellison Raises Own Pay, Plans Layoffs, Fires WB Hitmakers

Billionaire David Ellison, after closing the Paramount-Warner merger, is awarding himself and his team large raises while planning significant layoffs, and has fired key Warner Brothers executives known for producing hits. This signals potential strategic disruption and cost-cutting at the newly combined media entity, with implications for content pipeline and shareholder value.