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.”
Sri Lanka expresses hope to join BRICS+
U.S. doubles down on vaccination efforts as Delta variant drives COVID
China replaces Germany as UK's biggest import market: ONS
Senior Chinese diplomat urges U.S. to adopt rational, pragmatic China policies
Real Madrid coach Carlo Ancelotti apologizes for forgetting German on his Bayern Munich return
Drilling of undersea tunnel of Guangzhou
CPC Leadership Convenes Criticism and Self
Olives link northwest China with world
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
China adopts targeted measures to bolster foreign trade growth
1 dead, 7 missing after 2 Japan MSDF helicopters crash near Izu Islands
Chinese firms popular at Egypt's largest medical expo