Paramount Global chief Bob Bakish exits amid scramble to agree merger

Bakish’s departure confirmed as Paramount continues talks with Skydance Media over proposed tie-up

The boss of Paramount Global, the media empire behind CBS, MTV and Channel 5, is leaving with immediate effect as its owners scramble to finalize a blockbuster merger.

Bob Bakish’s exit from the firm was confirmed on Tuesday as Paramount continues negotiations with Skydance Media, a production company, regarding a tie-up.