Paramount Global

Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

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Paramount Global PARA, +2.85% on Monday said that Chief Executive Bob Bakish would step down from that role and from the entertainment company's board of directors. In his place, the company said it had established an Office of the CEO, consisting of George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.

Paramount says CEO Bob Bakish is stepping down, forms new office to ‘streamline operations'

Paramount Global said on Monday Bob Bakish would step down as CEO, in a move that comes as the media company considers a takeover offer from Skydance Media chief David Ellison.

Paramount CEO Bob Bakish to step down

The entertainment giant will put in place an “Office of the CEO” through which three division heads will oversee the company.

Paramount Global CEO Bob Bakish Steps Down

Paramount Global CEO Bob Bakish is out, the company announced Monday, as merger negotiations with Skydance Media continue.

Paramount says CEO Bob Bakish is stepping down

NEW YORK , April 29, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced financial results for the first quarter ended March 31, 2024. Please visit the Paramount Investors homepage to view the press release.

Paramount Global Reports First Quarter Earnings Results

Paramount Global's CEO Bob Bakish is out. The executive who has been a presence at several iterations of the company since 1997 will exit, effective immediately.

It's Official – Bob Bakish Is Out At Paramount Global, Trio Of Division Heads Form New Office Of The CEO

Bob Bakish Stepping Down George Cheeks, Chris McCarthy, and Brian Robbins Appointed as Office of the CEO Building on Track Records of Success Leading Paramount's Business Units NEW YORK , April 29, 2024 /PRNewswire/ -- The Board of Directors of Paramount Global announced today that Bob Bakish, President and CEO, is stepping down from his role as CEO and from the Board of Directors.  To lead and oversee the company moving forward, Paramount Global has established an Office of the CEO, consisting of three senior company executives: George Cheeks, President and CEO of CBS; Chris McCarthy, President and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, President and CEO of Paramount Pictures and Nickelodeon.

PARAMOUNT GLOBAL ANNOUNCES NEW LEADERSHIP

The saga of Paramount Global's future is more exciting than a lot of the studio's films. And with the company poised to report earnings Monday afternoon, things are taking even more unexpected turns.

What's going on at Paramount? Reports swirl about the CEO's fate and ‘best and final' offers

Paramount (NASDAQ: PARA ) stock is climbing higher on Monday as investors celebrate reports that CEO Bob Bakish is about to be ousted by the company's Board of Directors. According to these reports, Bakish is facing a firing from the Board as it prepares to undergo a potential merger with Skydance Media.

Bye Bye, Bob Bakish! PARA Stock Pops as Paramount Eyes CEO Ouster.

Bob Bakish is expected to step down Monday amid contentious talks to merge with Skydance Media and ahead of Paramount's quarterly earnings later that afternoon.

Paramount CEO Bob Bakish expected to resign after clashing with Shari Redstone: reports

Paramount Global (NASDAQ: PARA) is undergoing a major shift.

Heavily Shorted Paramount Stock Higher on Buyout Talks

David Ellison's Skydance has presented Paramount Global board's special committee with a revised offer to take control of the company, Deadline has learned. Terms weren't immediately available, story will be updated when they are.

Skydance Puts Revised Offer On The Table For Paramount Amid Merger & CEO Drama

Paramount Global is set to remove Bob Bakish as CEO on Monday, putting shareholders to the test on how they want to see the company proceed.

Shari Redstone is playing M&A war games with removal of Paramount CEO Bob Bakish

A report says the company's board could create an ‘Office of the CEO' made up of division heads.

Paramount Stock Rises as Reports Say CEO Bakish Could Depart Monday

Bob Bakish's tenure as head of media giant Paramount may be coming to an end today, according to weekend reports from the Financial Times. Quoting “three people familiar with the matter”, the FT said Bakish is not expected to take part in Paramount's first-quarter earnings call this Monday.

Paramount boss Bob Bakish tipped for sacking on Monday

The Redstone family and Skydance Media CEO David Ellison have both made concessions to make a potential change in control at Paramount Global more appealing the company's other investors, Bloomberg News reported on Sunday.

Redstones, Ellison offer concessions to Paramount investors, Bloomberg News reports

The storied Hollywood company behind ‘The Godfather' faces its biggest battle yet as Shari Redstone's merger plans collide with shareholder fury and a CEO on the outs.

A Media Heiress's Bid to Sell Sets Off Mayhem Inside Paramount

Paramount Global CEO Bob Bakish is set to step down from the media company as early as Monday morning amid talks with Skydance, and ahead of the company's quarterly earnings that afternoon. News Bakish might exit started circulating Friday.

Bob Bakish Set To Resign As Paramount Global CEO Amid Skydance Talks

Paramount Global CEO Bob Bakish may be ousted from his role as soon as next week, multiple outlets reported Saturday, amid heightened tensions as the global entertainment firm explores a merger with Skydance Media.

Paramount May Reportedly Oust CEO Bob Bakish—Here's What We Know

Paramount Global reports its quarterly earnings Monday.

Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continue

Paramount Global is reportedly considering dumping longtime CEO Bob Bakish and replacing him with a group of executives as the entertainment giant inches closer to a deal with Skydance Media.

Paramount mulls removing CEO Bob Bakish over turmoil as sale talks with Skydance inch forward

Board members at Paramount Global are reportedly considering the removal of CEO Bob Bakish as discussions continue with Skydance Media about a complex, multi-step merger.

Paramount's Bob Bakish Could Be Bounced As CEO As Skydance Talks Continue – Report

Paramount Global's PARA, -1.07% board is mulling replacing Chief Executive Bob Bakish with a committee of top executives to run the entertainment giant on an interim basis as the company considers a sale, according to a Wall Street Journal report on Friday. The plan being discussed by the Paramount board would put in place an office of the CEO, which would be made up of the company's division heads, upon Bakish's departure, the Journal reported.

Paramount Global mulls replacing CEO Bakish as it pursues merger

The entertainment giant's board is considering installing a committee of top executives to run the company on an interim basis

Paramount Considers Removing CEO Bob Bakish as Turmoil Over Sale Talks Deepens

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Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison's studio and its backers take control of the storied film and television company owned by Shari Redstone.

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