The Latest Breaking News from Bob Bakish

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

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.

Buyout chatter hit Paramount stock recently as media giants grapple with changing consumer tastes and the rise of streaming.

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

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

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

Move comes weeks before upfront

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

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