0:00 0:00 1x

This is read by an automated voice. Please report any issues or inconsistencies here .

Tech scion David Ellison marked his 96th day running Paramount by disclosing an upbeat financial outlook for next year and a plan to cut an additional 1,600 workers.

Monday’s conference call with analysts was the first time Ellison, Paramount’s chairman and chief executive, directly addressed Wall Street after merging his production company, Skydance Media, with Paramount in August — an $8-billion deal that ushered the Redstone family from the entertainment stage.

One of Ellison’s top priorities will be to reverse decades of under-investment in programming. . Paramount plans to increase content spending by $1.5 billion next year, including nearly doubling the number of movies that

See Full Page