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.” |
Soaring cost of a cuppa is revealed: Global tea and coffee prices rise by up to 50 per centGeri and Christian Horner 'in talks to film flyPakistani province issues flood alert and warns of heavy loss of life due to glacial meltingPolice to review claims Tory MP Mark Menzies allegedly misused £14,000 of party fundsRemember me? Original Real Housewives of Orange County star Jo De La Rosa returns to the showSotutu powers Blues to 46North Carolina's Harrison Ingram opts to enter the NBA draftPrince Andrew enjoys horseConjoined twin's husband learns paternity test results after exLondon police apologize after threatening to arrest 'openly Jewish' man near pro