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Bob Bakish To Step Down As Paramount Global CEO Amid Skydance Talks
Paramount Global CEO Bob Bakish is set to resign down from the media company as early as Monday morning amid talks with Skydance.
Paramount’s controlling shareholder and executive chair Shari Redstone is said to be unhappy with some of the chief executive’s more recent strategic moves including a decision not to unload Showtime and an aborted sale process for BET. Deadline has also heard that Bakish is not a fan of a deal with David Ellison’s Skydance, in opposition to Redstone. Press reports suggest the possibility of creating of an office of the CEO led by division heads including Brian Robbins, George Cheeks and Chris McCarthy.
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