Paramount Global ousts CEO Bob Bakish, replaces him with trio of execs as it eyes Skydance merger
The move comes as Bakish has clashed with Paramount controlling shareholder Shari Redstone.
Stay updated with breaking news from Viacom. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The move comes as Bakish has clashed with Paramount controlling shareholder Shari Redstone.
Less than a half-hour after Paramount formally announced the departure of CEO Bob Bakish, the company declined to take questions from analysts during a decidedly terse first-quarter earnings call. Clocking in at a swift nine minutes, the hyper-accelerated investors’ update served primarily as a forum through which to introduce Paramount’s triumvirate of division heads—CBS boss …
Bakish’s departure confirmed as Paramount continues talks with Skydance Media over proposed tie-up
Paramount Global CEO Bob Bakish officially stepped down from his role atop the company, coinciding with its first-quarter earnings results.
Paramount Global CEO Bob Bakish is officially out at the company. The entertainment conglomerate — in the middle of a sales process — is turning to a handful of top executives to run the company. Chris McCarthy, George Cheeks and Brian Robbins will make up an “Office of the CEO,” running Paramount on a day-to-day …