Paramount Global Chief Executive Bob Bakish is expected to be ousted from the company, according to two sources familiar with the matter. Bakish's departure comes as Paramount's future hangs in the balance. The company is currently in a 30-day exclusive negotiating period with tech scion David Ellison, whose Skydance Media has teamed up with investment firms RedBird Capital and KKR to acquire Paramount controlling shareholder Shari Redstone's National Amusements holding company. That exclusive... Read this story
