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Paramount Global's co-CEOs to unveil strategy at town hall on Wednesday
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Paramount Global's co-CEOs to unveil strategy at town hall on Wednesday
May 31, 2024 11:08 AM

LOS ANGELES, May 31 (Reuters) - Paramount Global's ( PARAA )

co-CEOs, CBS chief George Cheeks, MTV's Chris McCarthy,

and film studio head Brian Robbins, will lay out their strategy

next week, said an executive who spoke on condition of anonymity

on Friday.

The trio will host the town hall for its staff on June

5, according to an email seen by Reuters on Friday. The

all-hands meeting follows Paramount's annual shareholder meeting

on Tuesday.

The three Paramount executives were appointed to the

office of the CEO on April 29, following the departure of CEO

Bob Bakish, who was at odds with the company's controlling

shareholder, Shari Redstone.

The executives are attempting to chart a new course for the

company, even as an independent committee of the Paramount

Global ( PARAA ) board engages in deal talks with two separate groups of

suitors, Skydance Media and bid partners RedBird Capital and

KKR, and Sony Pictures entertainment and Apollo Global

Management ( APO ).

A Paramount spokesman did not respond to a request for

comment.

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