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☆ Paramount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives
▼ + stars: | 2024-04-29 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

David A. Grogan | CNBCParamount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed the corporate ladder after joining Viacom in 1997, until he became CEO of the company in 2016. Following the merger of Viacom and CBS, he became CEO of the combined company in 2019, which was later renamed as Paramount Global. Paramount will now be led by CBS president and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, the head of Paramount Pictures and Nickelodeon. Paramount said it added 3.7 million Paramount+ subscribers during the quarter, bringing the total to 71 million.

Persons: Bob Bakish, David A, Bakish, George Cheeks, Chris McCarthy, Brian Robbins, Naveen Chopra, Chopra, LSEG, Bob Marley Organizations: Viacom, Allen & Company Sun Valley Conference, Grogan, CNBC Paramount Global, Skydance Media, CBS, Paramount Global, Paramount, Showtime, MTV Entertainment Studios, Paramount Media Networks, Paramount Pictures, Nickelodeon, LSEG, Super, BET, MTV, NFL, TV Media, Hollywood Locations: Sun Valley , Idaho

☆ Paramount CEO Bob Bakish is officially out
▼ + stars: | 2024-04-29 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

CEO Bob Bakish will step down and be replaced by a trio of senior executives. David Ellison has been itching to strike a deal with Shari Redstone to buy Paramount. AdvertisementParamount announced Monday that its president and CEO Bob Bakish is out and will be replaced by a trio of execs. Bakish is stepping down from the entertainment studio as major shareholder Shari Redstone inches closer to a possible sale of her controlling stake in the company. In the statement, Shari Redstone (who also serves as the chair of the board) said she has "tremendous confidence" in the new leadership.

Persons: Bob Bakish, David Ellison, Shari Redstone, —, Shari, David Ellison's Skydance, Larry Elison, George Cheeks, Chris McCarthy, Brian Robbins, Bakish, David Ellison's Organizations: Paramount, Service, Oracle, Bloomberg, — CBS, Showtime, MTV Entertainment Studios, Paramount Media Networks, Nickelodeon, Board, Paramount Global, Hollywood

☆ How MTV Broke News for a Generation
▼ + stars: | 2023-05-11 | by ( Remy Tumin | ) www.nytimes.com time to read: +1 min

A little over a year into his first term, President Bill Clinton made good on a promise to return to MTV if young voters sent him to the White House. The town hall-style program in 1994 was meant to focus on violence in America, but it was a question of personal preference that made headlines and helped put MTV News on the media map. Now, a generation after MTV News bridged the gap between news and pop culture, Paramount, the network’s parent company, announced this week that it was shuttering the news service. They brought viewers on the presidential campaign trail and face to face with world leaders like Yasir Arafat, and took them into college dorms in New Orleans after Hurricane Katrina. They also embraced the messy chaos of 1990s and early 2000s celebrity, as when Courtney Love interrupted an interview with Madonna.

☆ With writers' strike already underway, film and TV studios start labor talks with directors
▼ + stars: | 2023-05-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Television and film studios, already dealing with a strike by the Writers Guild of America, started contract negotiations Wednesday with the Directors Guild of America. If those talks break down, they could lead to even broader work stoppages on film and television sets nationwide. Writers Guild of America members and supporters picket outside Sunset Bronson Studios and Netflix Studios, after union negotiators called a strike for film and television writers, in Los Angeles, California, U.S., May 3, 2023. There’s a good chance the Writers Guild could still be on strike at that point. Late night television shows were the first to be halted by the writers strike, and some other popular shows now in production, including Stranger Things, have been postponed as well.

☆ MTV News to shut down as Paramount slashes US workforce
▼ + stars: | 2023-05-09 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

New York CNN —Paramount Media Networks announced Tuesday it will shutter MTV News and slash its US workforce by 25%, bringing to an end the iconic music video network’s news division that once covered a range of issues from pop culture to politics and became a household name for Generation X and Millennial adolescents. During the ’90s, MTV News also provided an alternative to traditional cable news that appealed to young Americans. In addition to MTV News, some units in the company are being eliminated altogether, most of which are operations, a Paramount spokesperson said. CNN, The Washington Post, NPR, Gannett, Vox Media, NBC News and others have also cut their workforces in recent months. The Paramount Media Networks division is cutting staff by 25%.

☆ Watch CNBC's full interview with Paramount Media Networks CEO Chris McCarthy
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Paramount Media Networks CEO Chris McCarthyChris McCarthy, Paramount Media Networks and MTV Entertainment Studios president and CEO, joins CNBC's 'Squawk Box' to discuss the company's streaming strategy and upcoming content. "The winner of this war is not going to be the one who spends the most money," McCarthy tells CNBC.

☆ The streaming wars winner will not be the one that spends the most, says Chris McCarthy
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe streaming wars winner will not be the one that spends the most, says Chris McCarthyChris McCarthy, Paramount Media Networks and MTV Entertainment Studios president and CEO, joins CNBC's 'Squawk Box' to discuss the company's streaming strategy and upcoming content.

☆ 'The Daily Show' reveals Chelsea Handler, Leslie Jones and John Leguizamo will guest host
▼ + stars: | 2022-12-06 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —The end of an era is fast approaching at Comedy Central’s “The Daily Show,” and the network has announced at least the first phase of plans for what’s to come next. Following longtime host Trevor Noah’s imminent departure, the network shared this week that comedy legends including Al Franken, Chelsea Handler, D. L. Hughley, Leslie Jones, John Leguizamo, Hasan Minhaj, Kal Penn, Sarah Silverman, Wanda Sykes and Marlon Wayans will fill in as host of the late-night show starting Tuesday, January 17th, as part of its “next chapter”. Courtesy Comedy CentralNoah’s final show is set to air this Thursday. The network has yet to announced whether guest hosts will revolve indefinitely or if a permanent, individual host will be named soon. “The Daily Show” airs weeknights at 11:00 p.m. ET/PT on Comedy Central and is available the following morning on Paramount+.

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