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Paramount Unveils Bob Bakish Exit Terms, Names Chris McCarthy ‘Interim Principal Executive’ For SEC Purposes
Paramount Global says Chris McCarthy is the company's "interim principal executive officer," a necessity required by the SEC that apparently does not signal he has more decision-making power among a trio of top executives who stepped up to replace Bob Bakish this week in a new Office of the…
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10 Comments Comment on Paramount Unveils Bob Bakish Exit Terms, Names Chris McCarthy ‘Interim Principal Executive’ For SEC Purposes
Media CEO Pay Mostly Up For 2023 Amid Strikes, Industry Contraction
It was a year of pain for the entertainment industry and shareholders of (many) media companies with months-long Hollywood strikes and layoffs. Linear television continued to decline and a nascent theatrical recovery went sideways. Most CEOs saw pay packages rise in 2023, some by big multiples.
"The…
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
George 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…
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By Dade Hayes
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Paramount Global Sees Ad Boost From Super Bowl, Paramount+ Passes 71 Million Subs In Q1, ‘Mean Girls’ & ‘Bob Marley’ Buoy Studio
Paramount has just unleashed its first quarter financials and they look pretty promising, although all eyes are on the shakeup in the C-suite. Revenue was higher across the board, albeit a hair shy of Wall Street expectations. Operating losses narrowed. Free cash flow rose, a key metric since it allows…
It’s Official: Bob Bakish Is Out At Paramount Global, Trio Of Division Heads Form New Office Of The CEO
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. A triumvirate of division heads — Brian Robbins, George Cheeks and Chris McCarthy — will step in to lead the company for now in a new office of…
Skydance Best And Final Offer For Paramount: Bigger Cash Infusion, Less For Shari Redstone, More For Other Shareholders – Update
UPDATED with details of revised Skydance offer: Deadline has learned that Skydance’s offer for Paramount, said to be its last and final, includes a sweetened $3 billion cash in injection — up by at least $1 billion contemplated previously. That’s key as a priority is Paramount holding enough cash on its…
Bob Bakish Exit: Shock Ripples Through CBS’ WHCD Party As Paramount CEO Set To Depart – “Who Knows What’s Next?”
Confusion and anxiety reigned at a CBS-Politico joint party today ahead of the annual White House Correspondents' Dinner, with staffers shocked at news that Bob Bakish, CEO of parent Paramount Global, is set to exit abruptly as early as Monday morning.
There have been rumblings about Bakish for days…
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.
News Bakish might exit started circulating Friday. Paramount’s controlling shareholder and executive chair…
Paramount’s Bob Bakish Could Be Bounced As CEO As Skydance Talks Continue – Report
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.
If exclusive talks with Skydance bear fruit, there likely would not be a role for Bakish in the combined company, with Skydance…
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By Dade Hayes
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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.
The latest figures were disclosed Monday in an SEC filing.
The next-highest tally among top execs was for CFO Naveen Chopra, who collected $8 million, up from…
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By Dade Hayes
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Planned Disney-Fox-WBD Bundle “Only Has A Subset Of Sports”, Paramount CEO Bob Bakish Says: “It’s Hard To Believe That’s Ideal”
Paramount Global CEO Bob Bakish derided a planned streaming venture backed by Disney, Fox Corp. and Warner Bros. Discovery for having “only a subset of sports.”
In his first public comments since the announcement of the service, which does not include any Paramount or NBCUniversal properties, Bakish…
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By Dade Hayes
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Paramount Global Layoffs Begin; CEO Bob Bakish Tells 800 Departing Employees “Your Talents Have Helped Us Advance Our Mission”
Paramount Global has begun a planned round of layoffs, telling U.S.-based employees that those affected by the cutbacks will be notified by the end of Tuesday.
An internal memo from CEO Bob Bakish (read it below) did not disclose numbers. A person familiar with the cutbacks estimated the total number…
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By Dade Hayes
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