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Paramount s Bob Bakish Steps Down, Office of the CEO Formed

Paramount s Bob Bakish Steps Down, Office of the CEO Formed
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Paramount Drama Swirls As CEO Exits Amid Merger Talks

Paramount Global (NASDAQ:PARA) has certainly had its share in recent months, and that drama continued on Monday.

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Paramount Announces New Leadership, Sees Revenue Growth As D2C Losses Narrow

Paramount Announces New Leadership, Sees Revenue Growth As D2C Losses Narrow
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Paramount CEO Bob Bakish resigns amid merger talks

The owner of the Paramount+ streaming service, the Paramount Pictures movie studio and cable networks including MTV, BET and Showtime announced the change just ahead of reporting better-than-expected earnings for the quarter ended in March. Paramount's shares were up nearly 1% at $12.36 in after-hours trading. A new Office of the CEO will be led by CBS President and CEO George Cheeks, Paramount Pictures studio chief Brian Robbins, and Chris McCarthy, head of Showtime, MTV and other networks, the company said.

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After Bob Bakish Exit, His Replacements Look To Reassure Wall Street, Billing Themselves As True Partners Working On A Strategic Plan For The Ailing Media Giant

The three Paramount Global executives chosen to replace the departed Bob Bakish, sought to reassure Wall Street on Monday that they have a plan.

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