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.”
Kolkata Knight Riders limit Delhi Capitals to 153 in crushing IPL win
China, Germany financial cooperation yields fruitful results
Pupils Participate in Scientific Education Tour at Henan Natural History Museum
Sue Bird says joining ownership group of the Seattle Storm felt inevitable
University Opens Course to Improve Parenting Skills
(COP28) Climate Summit Launches Partnership to Promote Women's Climate Resilience
Participants of 2nd Forum on China
Chinese, Cambodian martial artists make joint performance at famed Angkor
10th National Constitution Day Marked in China
Travis Kelce names Taylor Swift his 'significant other' at the Mahomes' charity gala in Las Vegas
Life Skills Improve Lives for Those with Disabilities