Paramount CEO Bob Bakish out amid Skydance merger talks

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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.

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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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