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Paramount CEO Robert Bakish likely out this week

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mkeys@thedesk.net

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Paramount CEO Robert Bakish. (Courtesy photo)
Paramount CEO Robert Bakish. (Courtesy photo)

Paramount Global’s Chief Executive Robert Bakish could depart the company as soon as this week, according to a report published by the Wall Street Journal over the weekend.

The apparent imminent departure comes amid tension between Bakish and National Amusements owner Shari Redstone, which have reached a “breaking point,” the Journal reported. Redstone owns a controlling amount of Paramount’s stock.

Redstone has been pushing for a deal that would see Paramount’s studio and broadcast business merge with Skydance Media, a move that has drawn controversy from some of Paramount’s minority institutional and retail shareholders.

If Bakish is pushed out, he could be replaced with a revolving panel of other executives who run Paramount on an interim basis while the board continues to explore the Skydance merger, the Journal said.

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About the Author:

Matthew Keys

Matthew Keys is the award-winning founder and editor of TheDesk.net, an authoritative voice on broadcast and streaming TV, media and tech. With over ten years of experience, he's a recognized expert in broadcast, streaming, and digital media, with work featured in publications such as StreamTV Insider and Digital Content Next, and past roles at Thomson Reuters and Disney-ABC Television Group.