Paramount Slashes Dividend To Conserve Cash Preps Simon Schuster Sale Cites Disciplined Approach To Headcount As Stock Plunges 25

In a dividend shocker this morning, Paramout Global said it’s slashing quarterly payouts to 5 cents, so 20 cents, annually — a major drop from about 24 cents a quarter or nearly a buck a year. It said the move would save it $500 million annually and that it’s important…Read More