Paramount Global's Bob Bakish is stepping down as CEO
NEW YORK (AP) — Paramount Global on Monday announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company.
Bakish will be replaced by a troika of executives who will form a new “Office of the CEO.” The group includes George Cheeks, the CEO of CBS; Chris McCarthy, CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, the CEO of Paramount Pictures.
The company said Cheeks, McCarthy and Robbins will work closely with Chief Financial Officer Naveen Chopra and the board of directors. Among the issues the new CEO trio must face are a reported $11 billion offer from private-equity firm Apollo Global to acquire the studio, which produces films and television programs and runs the streaming service Paramount+.
There have also been reports of a possible merger with Skydance, David Ellison’s media company that has helped produce such Paramount releases as “Top Gun: Maverick” and “Mission: Impossible – Dead Reckoning.”
Related articles
Ship that caused Baltimore bridge collapse has been refloated
BALTIMORE (AP) — The container ship that caused the deadly collapse of Baltimore’s Francis Scott Key2024-05-21- 2024-05-21
Sri Lanka receives batch of China's Sinopharm vaccines
Sri Lankan President Gotabaya Rajapaksa (4th R, front ) attends the handover ceremony of Sinopharm C2024-05-21Astronauts selected for Shenzhou
(ECNS) -- Crew members for China's upcoming manned space missions, Shenzhou-18 and Shenzhou-19, have2024-05-21Ben Whishaw lights up the Croisette as he joins his co
Ben Whishaw was all smiles at the world premiere of Limonov: The Ballad at the 77th annual Cannes Fi2024-05-21Floods in Bangladesh affect over 1.3 million people
People walk on a flooded road in Sunamganj, Bangladesh, July 12, 2020. The floods in parts of Bangla2024-05-21
atest comment