Paramount Global replaces CEO Bob Bakish with trio of leaders amid Skydance Media acquisition talks

Paramount Global announced on Monday that it had parted ways with CEO Bob Bakish, a significant decision that triggered waves throughout the media conglomerate as it actively engages in acquisition talks with Skydance Media. In his place, three executives have been appointed: Brian Robbins, who will lead Paramount Pictures; Chris McCarthy, head of Showtime and MTV Entertainment Studios; and George Cheeks, CEO of CBS. Redstone, the controlling shareholder, expressed gratitude for Bakish’s contributions during his long career, particularly in forming the merged company and restoring its esteemed culture at Paramount. This story is still developing and will be updated accordingly.