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The Latest Breaking News from Bob Bakish

Bob Bakish was ousted by Paramount after clashing with Shari Redstone and he still got rewarded with a $69.3 million golden parachute

Bakish earned $86.96 million in 2024, up from $31.3 million the year prior.

Fortune

At Paramount—as moguls, executives, and 3 CEOs struggled for control—some employees describe a brutal year

Paramount Global laid off more employees in 2024 than any of its rivals. A larger reckoning is still playing out.

Fortune

Paramount Co-CEOs To Receive Bonus Payouts Even If They No Longer Lead Company

An SEC filing revealed that the three co-CEOs -- Chris McCarthy, George Cheeks, and Brian Robbins -- will be able to resign and receive severance payments if their new responsibilities are "substantially inconsistent" with their roles as co-CEO's or if there is a material reduction in the positions or duties.

International Business Times

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Archegos speculator Bill Hwang could spend the rest of his life behind bars after his disastrous bets ushered in the demise of Credit Suisse

Federal jury finds Hwang lied to lenders over the size and scope of his bets on stocks like ViacomCBS in order to juice returns, causing $10 billion in combined losses.

Fortune

Hollywood giant Paramount Global braces for new era as bidders circle

Chair Shari Redstone weighs future of media empire behind Paramount Pictures, CBS and UK’s Channel 5

The Guardian - US

Awaiting Buyout, Paramount Execs Lay Out Plans For Cost-Cutting, Streaming Joint Ventures at Annual Meeting

No word on expected deal with Skydance

Multichannel News

Was 'Furiosa's' Fury Maxed Out By Hollywood's Modern, Safer and Saner Workplace Culture?

Also in this week's 'Next Text,' we salute joyful NBA legends and super-sizers of media innovation, kick the tires on Paramount's new carriage deal with Charter ... and kick yet more dirt at Zaz

Broadcasting & Cable

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Sony and Apollo reportedly make $26bn offer for Paramount

Shares in media giant, whose chief executive Bob Bakish was this week ousted amid reports of clash with Shari Redstone, spike 12%

The Guardian - US

Sony, Apollo Make $26B Bid for Paramount

The exclusive negotiating period for a rival offer from Skydance ends on Friday, May 3

TV Tech

Are Kenny, Chuckster and 'Inside the NBA' Moving to Amazon?

Also in our latest 'Next Text,' we mark our calendars for FX and Hulu's 'Clipped,' break down the latest on the Paramount sale, and we take fixed wireless and cable mobile to the ol' gravel pit where they belong

Broadcasting & Cable

Jo Ann Ross Steps Down as Ad Sales Chairman at Paramount

Move comes weeks before upfront

Multichannel News

CEO Bob Bakish's Pay Slipped to $31.3 Million as Paramount Nears Takeover

Executive would get $64 million if he left because of a change in control

Multichannel News

Analyst Rich Greenfield Wants Shari Redstone To Fire Bob Bakish

Influential analyst says CEO is to blame for Paramount Global’s money-losing streaming strategy

Broadcasting & Cable

Paramount Global Cuts Streaming Losses, Posts Higher 4Q Profit

Paramount Plus gains subscribers, expects domestic profit in 2025

Multichannel News

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Top News

Paramount Global's Possible Sale Sparks Speculation on Media Merger

Learn about the potential sale of Paramount Global, one of the largest media companies in the world, amid financial challenges and media mergers.

The Guardian - US

Paramount cuts 800 staff two days after Super Bowl was biggest ever TV show

Company that owns CBS, broadcaster of NFL showpiece, announces 3% reduction in global workforce

Multichannel News

Paramount Global Set To Dismiss 800 Employees in Cost-Cutting Move

‘I am confident this is the right decision for our future,’ CEO Bob Bakish said in a memo

Broadcasting & Cable

Apple and Devo Hit the Bullseye, Patrick Soon-Shiong and Jay Penske Bite Journalism, FX and Hulu Put the Gold in Golden Age

In this week’s ‘Next Text,’ we also look back at another great week for Netflix

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Multichannel News

Paramount CEO Bob Bakish Lays Out Plan To Raise Earnings, Cut Costs

Memo acknowledges takeover speculation, but urges staff to focus on execution

Multichannel News

Paramount Plus: Everything You Need to Know About Paramount's Subscription Streaming Service

As Shari Redstone shops all -- or pieces -- of Paramount Global, we look at where the so-called 'Mountain of Entertainment' stands now

Barchart

Paramount Global’s Unusual Options Activity Heats Up on Merger News: Time to Buy?

The CEOs of Paramount Global and Warner Bros. Discovery met in New York this week to talk about a merger. The former’s unusual options activity has been much busier than the latter. Is PARA a buy?

TechRadar

Max and Paramount Plus could join forces amid shock Warner Bros-Paramount 'mega merger' report

The rumored Apple TV Plus-Paramount Plus streaming bundle might not happen if Max has anything to do with it.

The Guardian - UK

Christmas rail travel chaos as Euston services cancelled and Eurostar hit by strike – as it happened

A strike by Channel Tunnel workers has blocked train travel between France and Britain, while powerline problems hit West Coast mainline

International Business Times

Warner Brothers Discovery Explores Merger: Report

Warner Brothers Discovery shares slid more than 5 percent Wednesday after reports emerged that the media and entertainment giant is exploring a merger with rival Paramount Global.

Multichannel News

Big Deal: Warner Bros. Discovery Reportedly in Merger Talks With Paramount

CEO David Zaslav met with Paramount chief Bob Bakish, according to sources

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