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Paramount Global Co-CEOs Reveal Bankers Hired To Sell Assets; Discuss Path Forward At Town Hall
After rejecting Skydance’s offer to merge two weeks ago, Paramount Global new co-CEO troika of Brian Robbins, George Cheeks and Chris McCarthy told a packed company town hall of 500 at the studio’s Melrose Lot Paramount Theater what progress has been made since the annual shareholders meeting three weeks…
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59 Comments Comment on Paramount Global Co-CEOs Reveal Bankers Hired To Sell Assets; Discuss Path Forward At Town Hall
Is The Mission Possible For Paramount’s Crowded Corner Office? CEO Troika Settles In As Layoffs And Asset Sales Loom
Paramount Global’s unorthodox Office of the CEO, which started as a presumed placeholder, is turning into a longer-term fixture poised to once again reshape the tempest-tossed company.
Consisting of three top Paramount execs – George Cheeks, Chris McCarthy and Brian Robbins – the Office replaced Bob…
As Merger Saga Continues, Paramount Updates Pay Packages For Office Of CEO Trio & Re-Ups Chief People Officer Nancy Phillips
Paramount Global, which continues to explore its M&A options, has updated the compensation plans for the three execs in the Office of the CEO and re-upped Chief People Officer Nancy Phillips.
Separate SEC filings from the company on Monday laid out details about the various exec contract changes…
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By Dade Hayes
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Amid Skydance Offer, Paramount Global CEO Trio Trumpet 14 Billion Dollar Brands, Plans To Explore Streaming Joint Ventures
As Paramount Global controlling shareholder Shari Redstone mulls the terms of a merger between her conglom and Skydance, the network/studio/streaming service trotted out their best and brightest CEO troika this early AM in annual global stockholders meet to tout their hit parade of 14 billion dollar…
Paramount Unveils Bob Bakish Exit Terms, Names Chris McCarthy ‘Interim Principal Executive’ For SEC Purposes
Paramount Global says Chris McCarthy is the company's "interim principal executive officer," a necessity required by the SEC that apparently does not signal he has more decision-making power among a trio of top executives who stepped up to replace Bob Bakish this week in a new Office of the…
Shari Redstone, Newly Elevated Execs Address Paramount Staff Following Bob Bakish’s Exit, Talk “Stability” & “Challenging Days” Ahead
After trying to reassure Wall Street with their brief opening remarks at the Paramount Global earnings call, the trio of executives named to the newly formed Office of the CEO looked to do the same with the company’s employees rattled by the sudden ouster of longtime CEO Bob Bakish amid sale negotiations…
Paramount Global Sees Ad Boost From Super Bowl, Paramount+ Passes 71 Million Subs In Q1, ‘Mean Girls’ & ‘Bob Marley’ Buoy Studio
Paramount has just unleashed its first quarter financials and they look pretty promising, although all eyes are on the shakeup in the C-suite. Revenue was higher across the board, albeit a hair shy of Wall Street expectations. Operating losses narrowed. Free cash flow rose, a key metric since it allows…
Paramount Cutting Back Smithsonian Channel’s New York Hub As More Details On Cuts Emerge
EXCLUSIVE: Paramount Global is cutting back the Smithsonian Channel’s New York Hub as more details about the U.S. layoffs emerge.
Staff at the channel’s New York office were told mid-last week, we understand, and third-party producers were subsequently informed that most of their shows will now be…
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By Max Goldbart
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Paramount Division Run By Chris McCarthy Lays Off 25% Of Domestic Staff; MTV News Among Units Shut Down
UPDATED with more detail and names: In the latest wave of industry layoffs, the recently combined Showtime/MTV Entertainment Studios as well as Paramount Media Networks, overseen by the division’s President and CEO Chris McCarthy, is reducing its domestic team by 25% today. McCarthy addressed the cuts…
‘Yellowjackets’ Gets Early Season 3 Renewal By Showtime As Chris McCarthy Lays Out Programming Strategy & Signals Slate Review
EXCLUSIVE: A year ago, Yellowjackets got an early Season 2 renewal five episodes into its freshman run. The Showtime series delivered on the vote of confidence with seven Emmy nominations and more than 5 million weekly viewers. Now it’s getting an even earlier Season 3 renewal: More than three months…
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Showtime ‘George & Tammy’ Ad Snafu Sees NYT Promotion Full Of Fake Review Quotes
Despite what you may read in the New York Times today, I nor anyone at Deadline ever wrote a review declaring that Showtime's George & Tammy had an "intense storyline."
However, in a production mix-up, that is what you will see on page 24 of the today's Arts & Leisure section in the Grey Lady. In…
Paramount Parcels Out David Nevins Turf To Chris McCarthy, George Cheeks And Tom Ryan; CEO Bob Bakish Hails “Invaluable” Run By Departing Exec
Chris McCarthy, Tom Ryan and George Cheeks are all seeing their portfolios expand at Paramount Global after the departure of David Nevins.
The chairman and CEO of Paramount Premium Group and Chief Creative Officer of Paramount+ Scripted Series just announced he will step down at the end of the year…
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By Dade Hayes
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