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27.04.2024 / 22:51

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

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.

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Bob Bakish Out as Paramount Global CEO

Cynthia Littleton Business Editor Amid the M&A drama enveloping Paramount Global, Bob Bakish is about to step down as CEO after eight years at the helm of Shari Redstone’s media empire. Bakish is expected to resign under pressure as early as Monday.

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Paramount Board Might Oust CEO Bob Bakish Amid M&A Talks: Report

Todd Spangler NY Digital Editor Bob Bakish may be out at Paramount Global before any sale or merger deal for the media company is completed. The board of directors of Paramount Global, including controlling shareholder Shari Redstone, have discussed a plan to oust Bakish as CEO, the Wall Street Journal reported, citing anonymous sources. Instead, the company would form an “Office of the CEO” comprising Paramount Global’s division heads to run operations on an interim basis, per the report.

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Broadcast TV Ad Sales Pioneer Jo Ann Ross Ends Decades-Long Run At CBS And Paramount Global

Jo Ann Ross, whose lengthy run as the head of ad sales at CBS represented a breakthrough for a woman in the traditionally male-dominated field, is formally winding down her tenure at Paramount Global.

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Jo Ann Ross, First Woman to Lead Broadcast TV Ad Sales, Plans to Exit (EXCLUSIVE)

Brian Steinberg Senior TV Editor Jo Ann Ross, the first woman to run a broadcast TV network’s ad-sales efforts and one of the last senior ad-sales executives in the TV industry to hold direct relationships with advertisers when primetime broadcast programs were seen as the primary venue for Madison Avenue’s dollars, is leaving the industry, stepping down from her role as chairman of Paramount Global‘s ad sales division at the end of April. Ross had already stepped back from day to day duties, ceding that role to John Halley, who was named president of ad sales for the company in 2022.

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Paramount Global CEO Bob Bakish’s 2023 Pay Totals $31.3M, Down Slightly From Prior Year

Paramount Global CEO Bob Bakish saw his total compensation dip slightly in 2023, to $31.3 million from $32 million in the prior year.

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CBS Announces Third Leadership Pipeline Challenge Winners, Awards $250,000 to L.A. Nonprofits

Angelique Jackson CBS has announced the winners of the studio’s Leadership Pipeline Challenge short film competition, which supports local L.A. nonprofits. Now in its third year, the competition challenges early-career storytellers to create short films in collaboration with and highlighting the mission of hyper-local nonprofit organizations.

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Four Paramount Global Board Members to Exit Amid M&A Talks

Todd Spangler NY Digital Editor Four members of Paramount Global‘s current 11 board of directors will step down, the company disclosed, coming as the company has stepped up talks with Skydance Media about an M&A deal. The four directors — Dawn Ostroff, former chief content and advertising business officer of Spotify; Nicole Seligman, former president of Sony Entertainment; Frederick Terrell, vice chairman of investment banking at Wells Fargo; and Rob Klieger, partner at Hueston Hennigan LLP, who had served as legal counsel to Sumner Redstone — will not stand for reelection at Paramount Global’s annual meeting, set for June 4.

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Paramount Global’s Cable Carriage Talks with Charter Could Play Key Role in Skydance Transaction

Cynthia Littleton Business Editor Charter Communications is about to play a guest-star role in the corporate drama surrounding Paramount Global. As if Shari Redstone’s media empire wasn’t under enough pressure, Paramount Global now is in the final few weeks of its most recent carriage agreement with Charter, the nation’s second largest cable operator behind Comcast. The two companies are in renewal discussions, the outcome of which will have significant influence on Paramount’s ability to deliver the free cash flow that media investors are expecting from the company that has lately posted big losses on streaming operations.

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Paramount Global Stock Surges As Skydance Looks To Seal Deal – Update

UPDATED with stock price: Shares of Paramount Global jumped more than 15% Wednesday afternoon with Skydance chief David Ellison in pole position to clinch a majority stake of National Amusements.

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What Could Happen If Paramount Global Is Sold — Especially in Pieces

Jennifer Maas TV Business Writer What does the future hold for Paramount Global? The odds of a seismic M&A event seem to be increasing: Private-equity firm Apollo Global has reportedly offered $11 billion for Paramount’s Hollywood studios. Short of carving up the “mountain of entertainment,” as the Paramount+ tagline boasts, analysts say the overture could drive up bidding for the entirety of Paramount Global — which is what Shari Redstone, who owns a controlling stake in the media conglomerate, is understood to prefer. Given that backdrop, let’s consider what Paramount Global comprises — and the potential effect of selling it off in its entirety or in pieces.

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Apollo Global Offers $11 Billion to Buy Paramount Pictures: Report

Todd Spangler NY Digital Editor Apollo Global Management, a major private-equity firm, has submitted an $11 billion bid to acquire Paramount Pictures, according to a published report. The Wall Street Journal, citing anonymous sources, reported that Apollo Global offered $11 billion for Paramount Global’s film and TV studio business. That would apparently not include CBS, Paramount Global’s cable networks or the streaming business that includes Paramount+ and Pluto TV.

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Paramount Global Sells Stake In Viacom18 To India’s Reliance For $500 Million

Paramount Global has sold its 13% equity interest in Viacom18 Media to Indian conglomerate Reliance Industries for the equivalent $517 million.

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Details Regarding Bob Bakish

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Bob Bakish: Last News

All news where Bob Bakish is mentioned

Details Regarding Bob Bakish

Who is Bob Bakish?

Why is Bob Bakish in the spotlight?

Where can I find the latest news about Bob Bakish?

Is there a full biography of Bob Bakish available?

What are the most talked-about moments involving Bob Bakish?