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Paramount Global on Monday parted ways with chief executive Bob Bakish in a seismic move that sent reverberations through the media conglomerate as it actively engages in acquisition talks with Skydance Media.
The company made the announcement as it continues merger talks with Skydance Media
Paramount Global sale talks with Skydance continue, but why is a Charter Communications carriage deal on Wall Street analysts' minds.
That's despite news that its CEO would be stepping down and would be replaced by a trio of executives
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.