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.”
Six killed in a 'foiled coup' in Congo, the army says
Seager's RBI groundout and Taveras RBI single lead the Rangers over the Tigers 9
Commanders are in line to take a quarterback with the NFL draft's 2nd pick
Arkansas hires Kenny Payne as associate head coach under John Calipari
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
Judge denies request for Bob Baffert
Scheffler wiped out from Masters and opens with a 69 at Hilton Head. He trails Poston by 6 shots
First major attempts to regulate AI face headwinds from all sides
Candice Swanepoel stuns in a form
University of Missouri plans $250 million renovation of Memorial Stadium
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
Even with John Schneider still in charge a new era arrives for Seahawks entering 2024 NFL draft