Paramount Global Ousts CEO Bob Bakish Amid Skydance Merger Talks

Published on April 30, 2024

Paramount Global said on April 29 that Bob Bakish will step down from his role as the chief executive officer and from the board of directors amid its ongoing talks with Skydance Media on a possible merger. Mr. Bakish had led the company since the 2019 merger with CBS to form ViacomCBS, later branded as Paramount Global. He joined Viacom in 1997 and took the helm of the company in 2016. Paramount said it would form “an Office of CEO” comprised of three senior executives—CBS President and CEO George Cheeks, Paramount Pictures studio chief Brian Robbins, and Chris McCarthy, head of Showtime, MTV and other network—to lead the company....

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