Paramount CEO Bob Bakish steps down as merger inches closer
Paramount has removed Bob Bakish as CEO — and it doesn’t have plans to fill the role. The company announced the news as part of its earnings results on Monday, which will leave Paramount reliant on a committee made up of three executives.
The new team consists of George Cheeks, the president and CEO of CBS; Chris McCarthy, the president and CEO of Showtime, MTV Entertainment Studios, and Paramount Media Networks; and Brian Robbins, the president and CEO of Paramount Pictures and Nickelodeon. Reports first emerged of Bakish’s potential departure on Friday.
Bakish has been with the company since 1997 and became CEO of Viacom in 2016. He remained in the position when Viacom and CBS Corporation merged in 2019 to form Paramount Global,...