Get the latest gossip
Paramount Unveils Bob Bakish Exit Terms, Names Chris McCarthy ‘Interim Principal Executive’ For SEC Purposes
Ex Paramount CEO to get a $253k monthly salary through October as an advisor. Chris McCarthy named interim principal executive for SEC purposes.
It’s not clear why McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks, received the designation (maybe he drew the short straw). The filing caps an eventful week for Paramount with a leadership change and major questions swirling around a deal it’s been wrangling for the past month with David Ellison’s Skydance Media. An exclusive period ends at midnight tonight and there’s no word on where things stand on that, or with a new offer presented by Sony and private equity group Apollo.
Or read this on Deadline
