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Paramount Co-CEOs Postpone All-Hands Meeting Because of ‘Speculation Regarding Potential M&A’

  2024-06-06 varietyTodd Spangler50190
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The three execs who lead Paramount Global‘s “Office of the CEO” have called off their planned town hall meeting with emp

Paramount Co-CEOs Postpone All-Hands Meeting Because of ‘Speculation Regarding Potential M&A’

The three execs who lead Paramount Global‘s “Office of the CEO” have called off their planned town hall meeting with employees that had been scheduled for Wednesday, June 5, citing “ongoing speculation regarding potential M&A.”

The trio — CBS CEO George Cheeks, Paramount CEO Brian Robbins and Chris McCarthy, CEO of Showtime/MTV Entertainment Studios — rescheduled the event for June 25. The move comes as Shari Redstone is evaluating a merger offer from David Ellison’s Skydance Media, which the Paramount Global board’s special committee has recommended and submitted for Redstone’s review over the weekend. Redstone is Paramount non-executive chair and the company’s controlling shareholder through National Amusements Inc.

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(By/Todd Spangler)
 
 
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