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Liquor scion Edgar Bronfman Jr. is preparing to bid for Paramount Global less than a week before an $8 billion merger with Skydance Media becomes official, according to a report. Bronfman, the entertainment mogul and son of the late Seagram CEO Edgar Bronfman Sr., is engaged in talks with potential …

Paramount Global began a massive layoff on Tuesday that aims to hit 2,000 jobs as the struggling entertainment giant prepares to complete a merger with movie studio Skydance Media, the company said. Paramount’s three co-CEOs circulated a memo to staff indicating that the job cuts would be made in three …