After Bob Bakish Exit From Paramount, Trio Of Senior Exec Successors Look To Reassure Wall Street, Teasing A New Strategic Plan For The Ailing Media Giant
deadline.comGeorge Cheeks, Brian Robbins and Chris McCarthy, the Paramount Global executives chosen to occupy the Office of the CEO as a replacement for the departing Bob Bakish, sought to reassure Wall Street on Monday that they have a plan.
The remarks, which took up just two minutes at the start of Paramount’s first-quarter earnings call, featured short comments from each exec, with the trio being played off by the Mission: Impossible theme.
Cheeks began by thanking Bakish for his “many years of leadership and steadfast support for all Paramount Global businesses, brands and people.” Paramount Global “has the greatest content in the world,” Cheeks continued. “That is the most important point.
We’ve got incredible assets at this company.” Equally as important, McCarthy said, is the fact that the three execs stepping in for Bakish are well-acquainted with each other. “We’re true partners,” he said, with “deep respect for each other.” The company is finalizing a long-term strategic plan, McCarthy added, built on three pillars: optimizing hit content, maximizing the balance sheet and refining the company’s streaming strategy.
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