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Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continue - TL;DR CNBC

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: mediabusiness newsparamount globalbusinessentertainmentbreaking news: business

Source: https://www.cnbc.com/2024/04/27/paramount-ceo-bob-bakish-could-be-out-as-soon-as-monday-as-skydance-merger-talks-continue.html


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