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.”
Adames powers Brewers past Rays 8
Trump's comparison of student protests to Jan. 6 is part of effort to downplay Capitol attack
Analysis: Larson enters conversation with Verstappen as best drivers in the world
Rangers' Jon Gray holds Nationals to 3 singles over 8 innings in a 7
Closing prices for crude oil, gold and other commodities
Rojas and Castellanos homer in the 9th, leading the Phillies to a 7
Children are evacuated from school 'during an exam' after threat made via email
Has Emily finally found love? Lily Collins looks gooey
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
The amazing view... from the best seat on the train! Fascinating driver's