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David Ellison Bob Bakish George Cheeks Chris Maccarthy Shari Redstone Brian Robbins reports exclusive information google CEO Provident Enterprise David Ellison Bob Bakish George Cheeks Chris Maccarthy Shari Redstone Brian Robbins

Bob Bakish To Step Down As Paramount Global CEO Amid Skydance Talks

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deadline.com
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Paramount Global is set to announce as early as Monday morning that Bob Bakish is stepping down as CEO amid talks with Skydance and ahead of the company’s quarterly earnings that afternoon.

News Bakish might exit started circulating Friday. Paramount’s controlling shareholder and executive chair Shari Redstone, while once clearly on the same page with the chief executive, is said to be unhappy with some of his more recent strategic moves including a decision not to unload Showtime and an aborted sale process for BET.

Deadline has also heard that Bakish is not a fan of a deal with David Ellison’s Skydance, in opposition to Redstone. The two companies are towards the end of a exclusive month-long negotiating period.

Paramount is reporting first quarter earnings after market close Monday. Bakish is not expected to be on the call. It’s not clear how the company would replace him.

Read more on deadline.com
All news from deadline.com
David Ellison Bob Bakish George Cheeks Chris Maccarthy Shari Redstone Brian Robbins reports exclusive information google CEO Provident Enterprise
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