Gerry Cardinale News Briefs

Paramount-WBD Deal Architect Gerry Cardinale Says Most Of $6B In Expected Cost Savings Will Not Be Layoffs. Gerry Cardinale, Paramount board member and principal architect of the company’s imminent merger with Warner Bros. Discovery, insists that most of the deal’s cost savings will not come from layoffs. The company has promised investors it will deliver $6 billion in cost savings from the $110 billion transaction, but Cardinale maintains that non-labor costs will […].

David Ellison’s “Coziness” With Donald Trump Is “Way Overstated”, Per Paramount Backer Gerry Cardinale. Gerry Cardinale, Paramount board member, investor and key architect of its pending merger with Warner Bros. Discovery, says the notion that CEO David Ellison is tight with Donald Trump has been “way overstated.” “Forget about where you are on the political spectrum,” Cardinale said at the Bloomberg Screentime conference in L.A. on Thursday. “You have […].