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.” |
Yamamoto goes 8 innings and Muncy hits early slam as Dodgers beat Marlins 8Retired pro wrestler who ran twice for Congress pleads not guilty in Las Vegas murder caseMichigan man accused of making explosives to target Satanic Temple in MassachusettsGeorge Clooney beams as he rings in his 63rd birthday with cake and balloons alongside coWoman accused of killing Boston police officer boyfriend was framed, attorneys sayChicago Fire star Eamonn Walker exits as series regular after 12 seasonsTravis Kelce called out for being 'corny' over reaction to romance with Taylor Swift by Jana KramerAirbnb shares slide on lower revenue forecast despite a doubling of net incomeAstraZeneca pulls COVID vaccine from European marketSome Xavier University students upset with planned commencement address by UN ambassador