News Formal

Paramount CEO Bob Bakish out amid Skydance merger talks

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continueParamount Global reports its quarterly earnings Monday.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continueParamount Global reports its quarterly earnings Monday.
Source: NBCLA - 🏆 319. / 59 Read more »