Paramount CEO Bob Bakish expected to resign after clashing with Shari Redstone: reports
NY Post
Paramount Global CEO Bob Bakish is expected to step down Monday amid contentious talks to merge with Skydance Media and ahead of the company’s quarterly earnings later that afternoon.
Bakish has clashed with Paramount controlling shareholder Shari Redstone, who questioned whether the CEO pursued strategic opportunities for the company “aggressively enough,” including a potential sale of the Showtime channel, The Wall Street Journal reported Friday.
At the same time Bakish has privately argued against the Skydance deal because it dilutes common shareholders, CNBC reported, citing anonymous sources familiar with the matter.
He reportedly joined a chorus of large common shareholders including Mario Gabelli’s Gamco Investors, Ariel Investments, Matrix and Aspen Sky Trust, in slamming the deal because it destroys value for common shareholders.
With tensions running high, Paramount is now expected that Bakish will be replaced on an interim basis with an “Office of the CEO,” comprised of the company’s division heads ahead of Paramount’s earnings release after market on Monday.
Bakish is not expected to be on the earnings call, Deadline reported.
Travelers at Atlanta’s Hartsfield-Jackson International Airport faced a hellish travel weekend, with TSA wait lines reportedly lasting nearly three hours because of the partial government shutdown.
Imagine if Allied intelligence had located Adolf Hitler in late May 1944 and killed him before the Normandy invasion. Imagine that in the same hour, strikes eliminated Hitler’s designated successor, the head of the German Armed Forces High Command, the chief operational planner of the war effort, Field Marshal Erwin Rommel, responsible for defending Western Europe, and the rest of Germany’s field marshals and senior commanders.
Rep. Kevin Kiley explained California’s voter ID during an appearance Thursday on “Straight Shooter with Stephen A,” on SiriusXM, prompting a stunned response from host Stephen A. Smith as the conversation turned to election integrity and federal reform.
A Rockland County mailman’s attack on a 4-year-old Jewish boy is not being treated as a hate crime because cops don’t believe it had anything to do with the tot’s religion, police told The Post on Sunday.
ICE officers will be deployed to airports to help clear the horrendous security lines for the TSA, which ran out of funding more than a month ago because of a Democrat shutdown, President Trump announced Sunday.
Gov. Hochul was fittingly ridiculed last week for urging wealthy New Yorkers who fled the state for Florida to return and bring their rich friends with them.
More than half of the NYPD’s Joint Terrorism Task Force cops can retire right now, along with thousands of sergeants, lieutenants, and captains, worrying officials about the future of terror and crime fighting in Gotham, The Post has learned.
President Trump on Saturday issued a blistering ultimatum to Iran, warning that it has 48 hours to fully reopen the Strait of Hormuz or face US strikes that would “obliterate” its vital energy infrastructure.
Gov. Hochul was fittingly ridiculed last week for urging wealthy New Yorkers who fled the state for Florida to return and bring their rich friends with them.
More than half of the NYPD’s Joint Terrorism Task Force cops can retire right now, along with thousands of sergeants, lieutenants and captains, worrying officials about the future of terror and crime fighting in Gotham, The Post has learned.
President Trump on Saturday issued a blistering ultimatum to Iran, warning that it has 48 hours to fully reopen the Strait of Hormuz or face US strikes that would “obliterate” its vital energy infrastructure.
Rep. Kevin Kiley explained California’s voter ID during an appearance Thursday on “Straight Shooter with Stephen A,” on SiriusXM, prompting a stunned response from host Stephen A. Smith as the conversation turned to election integrity and federal reform.
New Yorkers instinctively avoid raving street-corner lunatics. They don’t know if the psycho might suddenly come at them with a knife, so they cross to the other side to be safe.