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.”
Syrian first lady Asma Assad diagnosed with leukemia, president's office says
Lea Michele showcases baby bump in figure
Apple's new iPad ad has struck a nerve online. Here's why
SAMANTHA BRICK: I'm a brilliant driver
PHOTOS: At the Pet Gala, fashion goes to the dogs
Naomi Osaka is in a good place mentally. And her clay game is improving as she heads back to Paris
FIFA urged to review congested calendar or face legal action from player unions and leagues
Governor says he won't support a bill that could lead to $3M in assistance to striking workers
The REAL reason no one should have to pay for their prescriptions
Election deniers moving closer to GOP mainstream as Trump allies fill Congress, report shows
New Jersey legislators advance bill overhauling state's open records law