Paramount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives
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Paramount Global CEO Bob Bakish is out, the company announced Monday, as merger negotiations with Skydance Media continue.

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More from CNBC | Entertainment Business KKR & Co Inc Breaking News: Business Media Paramount Global George Cheeks business news cnbc Articles Business News Mergers source:tagname:CNBC US Source Robert M. Bakish Chief Executive Officer Shari Redstone Skydance Media David Ellison Paramount Pictures