#ParamountGlobal follows #HBO #DiscoveryTV in announcing deep financial write downs of #CableTV entertainment #assets. The value of once vaunted parent corp to #CBS , #Showtime & #MTV #CableNetworks has declined by $6 billion and current owner #ShariRedstone has announced intent to layoff 2,000 jobs, or 15% of US workforce in restructuring effort that to boosted entertainment empire's #stockprice while greasing transition to new media #ownership group led by #Oracle database doyenne Larry Ellison's son.