Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continue
Publishing timestamp: 2024-04-27 13:49:02
Summary
Paramount Global's board is preparing to fire CEO Bob Bakish, who is not expected to be on the earnings call. The board is in exclusive talks for a merger with Skydance Media. Bakish has reportedly lost the trust of the controlling shareholder Shari Redstone.
Sentiment: NEGATIVE
Tickers: PARA,
Keywords: media, business news, paramount global, business, entertainment, breaking news: business,