Latest in Bob Bakish

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…