Paramount's leadership team, known as Office of the CEO, has laid out a strategic plan to fuel profitability and reduce $14.6 billion long-term debt. The Office of the CEO, comprises of CBS CEO George Cheeks, Paramount Media Networks CEO Chris McCarthy and Paramount Pictures CEO Brian Robbins.
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Paramount Global executives revealed a plan to slash costs and find a partner for its streaming service but shares fell nearly 5% Tuesday as hopes of a merger with Skydance Media dimmed.
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