Paramount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives
Publishing timestamp: 2024-04-29 17:08:57
Summary
Paramount Global CEO Bob Bakish is stepping down as the company continues merger talks with Skydance Media. The company will now be led by an "Office of CEO" consisting of three executives. Paramount also reported mixed first-quarter earnings, with revenue up 6% driven by streaming and the Super Bowl. Bakish's departure comes as Paramount and Skydance Media move closer to a possible merger, with Bakish reportedly dissenting against the deal.
Sentiment: MIXED
Keywords: business, business news, breaking news: business, media, kkr & co inc, george cheeks, paramount global, entertainment,
Source: https://www.cnbc.com/2024/04/29/paramount-ceo-bob-bakish-stepping-down.html