David Rhodes, Sky News executive chairman and former CBS News head, is in talks to run CBS News again if the Skydance acquisition of the broadcaster's owner Paramount Global closes, digital news website Puck reported on Friday.

Paramount Global said Tuesday that the entertainment and media company is cutting 3.5% of its workforce, citing challenges in the broader U.S. economy and in the linear television business.

The latest meeting comes after David Ellison spoke with the agency's chairman Brendan Carr about the pending $8 billion deal

President Donald Trump gleefully announced on Tuesday that Paramount had paid its $16 million settlement—while confirming that he expected millions more in a side deal. “BREAKING NEWS! We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes,

Show” star Jimmy Fallon quipped he may be the next late-night host to get canned as he blasted CBS for pulling the plug on Stephen Colbert. “I am your host. Well, at least for tonight,” Fallon said during Monday’s monologue.

Paramount has reportedly reached a 5-year, $1.5 billion streaming deal with the show’s creators, after the company’s incoming owners sought to rework an earlier agreement.

Colbert savaged CBS parent company Paramount’s attempt to spin the cancellation of his show as due to financial losses with a pointed Trump settlement jibe. The post Stephen Colbert Savages CBS for Late Show ‘Financial Losses’ Spin: ‘Where Would Paramount Have Possibly Spent the Other $16M?

Days after its first elimination of the season, a hit CBS reality TV show is climbing the Paramount Plus chart, proving it still has what it takes.