From CNBC: 2024-04-29 16:14:54

Paramount Global CEO Bob Bakish is stepping down amid merger negotiations with Skydance Media. He will be replaced by a trio of executives leading Paramount. The new leadership aims to accelerate growth, develop popular content, streamline operations, and optimize the streaming strategy. The departure aligns with talks of a possible merger and negotiations with cable company Charter Communications. The deal would involve Skydance’s CEO David Ellison taking over as head of Paramount if finalized.



Read more at CNBC: Paramount CEO Bob Bakish steps down