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Paramount CEO Bob Bakish out amid Skydance merger talks

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Paramount Global's Bob Bakish is out as CEO after reportedly clashing with the board over the terms of a sale to Skydance Media, FOX Busienss has learned.

Paramount Global chief Bob Bakish has left the entertainment giant after eight years at the helm, the company announced Monday. The company said in a press release Bakish is stepping down from his role as CEO and from the board of directors. Bakish's departure comes as the board is pursuing a sale of the company to Skydance Media.

Paramount said Bakish will be replaced with a newly-established Office of the CEO led by a trio of three senior executives: CBS president and CEO George Cheeks; Showtime/MTV Entertainment Studios and Paramount Media Networks president and CEO Chris McCarthy; and Paramount Pictures and Nickelodeon president and CEO Brian Robbins.

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