Paramount Global CEO Bob Bakish is stepping down and will be replaced by three executives, the company said today as it reported quarterly earnings that beat Wall Street expectations.
There’s a lot of uncertainty ahead for CBS parent Paramount Global. That company has been at the focus of merger and acquisition talks for some time, and entered exclusive merger talks with Skydance earlier this month. But those talks have not yet produced a result, and it’s unclear if they will. And now, as per
Bob Bakish has stepped down as the CEO of Paramount amid his company's major merger with Skydance and its struggling streaming platform.
Paramount has removed Bob Bakish as CEO — and it doesn’t have plans to fill the role. The company announced the news as part of its earnings results on Monday, which will leave Paramount reliant on a committee made up of three executives. The new team consists of George Cheeks, the president and CEO of CBS; Chris McCarthy, the president and CEO of Showtime, MTV Entertainment Studios, and Paramount Media Networks; and Brian Robbins, the president and CEO of Paramount Pictures and Nickelodeon. ...
The shakeup, rumblings of which were first reported last week, leaves a
Paramount Global (PARA) announced CEO Bob Bakish is stepping down as
Bob Bakish stepped down from his role as the CEO of Paramount Global on
Today, Paramount announced Bob Bakish was stepping down from his role as CEO and from its board of directors. The news came amid ongoing exclusive acquisition talks with Skydance Media and ahead of the company's first-quarter earnings call, which Bakish wasn't expected to join. In the CEO's absence, Paramount Global has established an "Office of the CEO," led by George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount...
Paramount Global has announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company
Bakish’s departure confirmed amid reported tensions between him and Shari Redstone, current controlling shareholderThe boss of Paramount Global, the media empire behind CBS, MTV and Channel 5, is leaving with immediate effect as its owners scramble to finalize a blockbuster merger.Bob Bakish’s exit from the firm was confirmed on Tuesday as Paramount continues negotiations with Skydance Media, a production company, regarding a tie-up. Continue reading
Paramount Global CEO Bob Bakish is out, the company announced Monday, as
were rising after reports said the company may oust CEO Bob Bakish as early