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Skydance boss David Ellison to chop Paramount's three-headed CEO structure after merger: report [Yahoo! Finance]

Paramount Global - Class A (PARAA) 
Company Research Source: Yahoo! Finance
David Ellison, the current Skydance boss, will run the combined company as chairman and CEO. (Source: Bloomberg News) David Ellison is planning to combine all of Paramount's television assets, including CBS and MTV, into one unit. (Source: Bloomberg News) George Cheeks is expected to stay at the company, while Chris McCarthy's future is uncertain. Brian Robbins is expected to depart the new company around the time the merger is consummated. (Source: Bloomberg News) The consolidation of television assets is a necessity for Ellison given the fact that viewers are abandoning linear broadcasting in droves. (Source: Bloomberg News) Paramount's film studio is not expected to turn a profit this year, according to analysts. (Source: Bloomberg News) Paramount's three-headed leadership structure will reportedly get shelved once the $8 billion merger with Skydance Media goes through — with two of the co-CEOs likely getting pushed out. David Ellison , the current Skydance boss who wil Show less Read more
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