Paramount Global Ousts CEO Bob Bakish Amid Skydance Merger Talks

Paramount said it would form ‘an Office of CEO’ comprised of three senior executives.

The Paramount logo is displayed at Columbia Square along Sunset Blvd. in Hollywood, Calif., on March 9, 2023. Patrick T. Fallon/AFP via Getty Images

Paramount Global said on April 29 that Bob Bakish will step down from his role as the chief executive officer and from the board of directors amid its ongoing talks with Skydance Media on a possible merger.

Mr. Bakish had led the company since the 2019 merger with CBS to form ViacomCBS, later branded as Paramount Global. He joined Viacom in 1997 and took the helm of the company in 2016.