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.”
Dame Judi Dench's tears as she receives Sycamore Gap tree seedling at Chelsea Flower Show
Türkiye's move to cut trade with Israel new blow to strained ties
Airbnb, Topgolf Callaway fall; AppLovin, Cheesecake Factory rise, Thursday, 5/9/2024
2 climbers reported missing on California's Mount Whitney are found dead
Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
A Florida man is recovering after a shark attack at a Bahamas marina
Pope urges Italians to have babies as a measure of hope for future
Rockies break loose for 7 runs in the 4th inning, beat Giants 9
Kristin Cavallari, 37, ignores critics of her age
Brewers LHP Robert Gasser expected to make MLB debut against Cardinals on Friday
Jon Wysocki dead at 53: Staind drummer passes away
Cavaliers' Jarrett Allen out for Game 2 against Celtics with bruised ribs