Paramount Global CEO Bob Bakish expected to leave the company

📆 4/27/2024 3:07 PM
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Paramount Global's Chief Executive Bob Bakish is expected to be ousted from the media giant, according to two sources familiar with the matter. The move comes as Paramount considers its future.

Paramount Global Chief Executive Bob Bakish is expected to be ousted from the company, according to two sources familiar with the matter. Bakish's departure comes as Paramount's future hangs in the balance. The company is currently in a 30-day exclusive negotiating period with tech scion David Ellison, whose Skydance Media has teamed up with investment firms RedBird Capital and KKR to acquire Paramount controlling shareholder Shari Redstone's National Amusements holding company.

and Variety first reported the news of Bakish's ouster. , in its report, said Bakish could be fired as soon as Monday, citing anonymous sources. Representatives for Paramount declined to comment. This is a developing story.

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