Paramount replaces CEO with trio as it talks merger with Skydance

LOS ANGELES: Paramount Global replaced CEO Bob Bakish with atrio of executives, the company announced on Monday in the middle of talks with David Ellison’s Skydance Media about a possible merger.

The owner of the Paramount+ streaming service, the Paramount Pictures movie studio and cable networks including MTV, BET and Showtime announced the change just ahead of reporting better-than-expected earnings for the quarter ended in March.