What Paramount's merger means for Network 10 | The Business | ABC News

The news of one of Hollywood's oldest studios selling itself to Skydance Pictures is having a ripple effect across the media landscape, all the way to Australia.
With Paramount owning Channel 10, questions are now being raised about the future of the Australian network.
It has faced questions about its viability for years, but now there could be a real threat to the future of the network.
This comes as hundreds of jobs have been stripped from other Australian TV networks 7 and 9 as viewing figures plummet.
Media analyst Nic Hayes from Media Stable says free to air and television has a big opportunity to still remain relevant, it just has to get its content right.
#ABCBusiness #paramount #media

Subscribe: http://ab.co/1svxLVE
Read more here:

ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook:   / abcnews.au  
Follow ABC News on Instagram:   / abcnews_au  
Follow ABC News on X (Twitter):   / abcnews  

Note: In most cases, our captions are auto-generated.

#ABCNews #ABCNewsAustralia