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.” |
Book Review: Hampton Sides revisits Captain James Cook, a divisive figure in the South PacificArchaeologists unearth the largest cemetery ever discovered in Gaza and find rare lead sarcophogiThe O.J. Simpson case forced domestic violence into the spotlight, boosting a movementMovie Review: ‘Food, Inc. 2’ revisits food system, sees reason for frustration and (a little) hopeUN climate chief says humans have 2 years left 'to save the world'Should you itemize or take a standard deduction on your tax return? Here's what to knowEuropean satellite falls out of orbit, breaks over PacificProject to shore up Pompeii yields stunning black banquet hall, with frescoes of Trojan War figuresCannes sets lineup with Lanthimos, Coppola and Trump film 'The Apprentice'JPMorgan Chase CEO warns about inflation, political polarization, wars