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.”
Farm family’s newest crop shows China’s solar ascendancy
Doubt surrounds chances of carbon credits auction selling out
Eleanor Coppola, matriarch of a filmmaking family, dies at 87
TAIC adds rail worker safety to watchlist after near death incident on Wellington train line
Trump film shocks Cannes as former US President is depicted 'raping' his then
More recovered possessions returned to victims of Wellington's Loafers Lodge fire
Te Pūkenga to be replaced with 8
Study finds vapers and smokers have some similar cell changes
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
COP28 deal 'significant step forward', Climate Change Minister says