It’s Official – Bob Bakish Is Out At Paramount Global, Trio Of Division Heads Form New Office Of The CEO

Todd Spangler NY Digital Editor Julia Phelps, Paramount Global‘s executive VP and chief communications and corporate marketing officer, is exiting after almost 20 years with the company and predecessor Viacom. Phelps had long worked with Bob Bakish, who was ousted as CEO of the company last month and replaced by a three-exec committee. Phelps, in a memo to her team Friday, said she will leave Paramount at the end of May.

Aramide Tinubu While much attention is paid to the Civil Rights Movement, the Black Panther Party hasn’t been as closely examined in popular culture. Apple TV+‘s “The Big Cigar” is adapted from Joshuah Bearman’s 2012 article of the same name. (Bearman also penned the 2007 article that Ben Affleck’s 2012 film, “Argo” was based on.) The series revolves around Black Panther Party co-founder Huey P.

Paramount+ has released a teaser for its seventh South Park special, which takes aim at weight loss drugs. You can watch the teaser above.South Park: The End of Obesity will premiere in the US on May 24, before arriving in Europe and other international territories a day later.In the trailer for the special, Cartman is told by a doctor that “drastic” action is required in order to bring his weight down, before learning about the drug Ozempic.

Gordon Cox Theater Editor Are we back yet? That’s the question Broadway has been asking for the past three years, as the theater industry emerged from lockdown into a harsh new reality of rising costs and slow-to-return audiences. But now, after a grim fall, a springtime surge of buzzy new openings and a heartening spike in sales suggest that bated-breath Broadway may be ready to exhale.

star Simone Ashley just stepped out in the hottest colors of the season, wearing each in a monochromatic look straight off the runway. Because why embrace one trend when you can pull off two?Making the rounds in New York City, Ashley absolutely glowed in butter yellow, which . Selena Gomez even .

Hallmark Channel has ordered a new TV show, and it’s based on a best-selling book!

Childish Gambino has revealed the list of cities he’ll be performing in for his next world tour – see the full list below.Today (May 13), rapper-actor-comedian Childish Gambino, real name Donald Glover, released his ‘Atavista’ album, along with a music video for the new track ‘Little Foot Big Foot’. The album is the “complete” version of his 2020 record, ‘3.15.20’.Besides releasing the album and music video, Gambino has also now revealed the list of cities he will be performing in for his recently teased world tour.

EXCLUSIVE: Comedian David Cross has unveiled fall dates for his new tour, ‘David Cross: The End of the Beginning of the End,’ which will see him hit 46 cities across North America from September through December. View the full list below.

Warner Bros. Discovery chief David Zaslav largely evaded questions about NBA talks and Paramount Global‘s potential as a WBD merger partner, but he did weigh in on the hot topic of executive pay.

Cynthia Littleton Business Editor Paramount Global goes back to playing the field this week with two suitors still pursuing the company that has been surrounded by a highly public M&A drama for months. And it’s unlikely to end any time soon. The company reached the end of its 30-day exclusive negotiating window with Skydance Media on May 3 without coming to an agreement.

Patrick Frater Asia Bureau Chief Locally-produced crime action thriller “The Roundup: Punishment” dominated the South Korea box office for a second weekend. In contrast, Hollywood’s “The Fall Guy” opened softly in third place. Data from Kobis, the tracking service operated by the Korean Film Council (Kofic), showed “The Roundup: Punishment” grossed $13.8 million between Friday and Sunday, earned from 1.92 million ticket sales. That represented a huge 83% market share over the weekend, albeit down from 92% a week earlier.

Paramount Global says Chris McMarthy 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 CEO.

Three days after he was named to the newly formed Office of the CEO of Paramount Global, George Cheeks, President and CEO of CBS, faced reporters at the unveiling of the broadcast network’s fall 2024 schedule.

Paramount Global, which is in the midst of corporate upheaval on a number of fronts, got a slight reprieve in one key area, extending carriage negotiations with Charter Communications.

Brian Steinberg Senior TV Editor The recent broadcast of Super Bowl LVIII boosted Paramount Global‘s first quarter of 2024, stabilizing advertising revenue at its TV operations, as the company’s streaming operations added more than 3 million subscribers and cut losses there by more than 40%. Overall, Paramount narrowed its first quarter operating losses while seeing a 6% uptick in revenue, due in large part to audience and advertiser interest in its Big Game presentation, which set a new viewing record.

After trying to reassure Wall Street with their brief opening remarks at the Paramount Global earnings call, the trio 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 with Skydance.

George Cheeks, Brian Robbins and Chris McCarthy, the Paramount Global executives chosen to occupy the Office of the CEO as a replacement for the departing Bob Bakish, sought to reassure Wall Street on Monday that they have a plan.

Confusion and anxiety reigned at a CBS-Politico joint party today ahead of the annual White House Correspondents’ Dinner, with staffers shocked at news that Bob Bakish, CEO of parent Paramount Global, is set to exit abruptly as early as Monday morning.

Paramount Global is set to announce as early as Monday morning that Bob Bakish is stepping down as CEO amid talks with Skydance and ahead of the company’s quarterly earnings that afternoon.

Cynthia Littleton Business Editor Amid the M&A drama enveloping Paramount Global, Bob Bakish is about to step down as CEO after eight years at the helm of Shari Redstone’s media empire. Bakish is expected to resign under pressure as early as Monday.