Matt Winkelmeyer; Getty Images
- Paramount is shaking things up.
- CEO Bob Bakish will step down and be replaced by a trio of senior executives.
- David Ellison has been itching to strike a deal with Shari Redstone to buy Paramount.
Paramount announced Monday that its president and CEO Bob Bakish is out and will be replaced by a trio of execs.
Bakish is stepping down from the entertainment studio as major shareholder Shari Redstone inches closer to a possible sale of her controlling stake in the company.
David Ellison's Skydance Media has been angling to buy Paramount.