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Stock impact report

Paramount's Bob Bakish Could Be Bounced As CEO As Skydance Talks Continue – Report [Yahoo! Finance]

Paramount Global - Class A (PARAA) 
Company Research Source: Yahoo! Finance
If exclusive talks with Skydance bear fruit, there likely would not be a role for Bakish in the combined company, with Skydance chief David Ellison slated to serve as the new entity's CEO. Even alternatives to Skydance like Apollo Global Management's bid, which could also involve Sony Pictures Entertainment, likely wouldn't have room for Bakish. That has made his ongoing presence in the corner office an inherently awkward feature of the Paramount landscape, but the Wall Street Journal ‘s report on his possible ouster put a finer point on all of it. More from Deadline Skydance Still In Pole Position For Paramount As Two Hash Out Terms; Sony & Apollo Waiting In The Wings Broadcast TV Ad Sales Pioneer Jo Ann Ross Ends Decades-Long Run At CBS And Paramount Global Paramount Global CEO Bob Bakish's 2023 Pay Totals $31.3M, Down Slightly From Prior Year The scenario outlined by unnamed sources in the WSJ article would have senior-level execs teaming to fulfill top leadership duties Show less Read more
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