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.”
Ricky Stenhouse punching Kyle Busch could lead to suspension
Israel to open three humanitarian routes into Gaza
Trump asks appeals court to overturn ruling on Georgia prosecutor
Evergrande's bankruptcy may be just the beginning of China's real estate crisis
Analysis: Larson enters conversation with Verstappen as best drivers in the world
Governor, Congress members to meet over support for rebuilding bridge
Israeli military says troops captured hundreds of fighters in Gaza hospital
Finnish police say bullying was motive for school shooting
Kevin Pillar gets 1,000th career hit in Angels' win at Texas
HK's West Kowloon arts hub to run out of funds in 2025: CEO
Georgia Republicans choose Amy Kremer, organizer of pro
UN expert visits Motueka to learn about Nelson Tenths case