Paramount’s Trio of CEOs to Be Trimmed After Ellison Merger
- CBS Chief George Cheeks is expected to stay after deal closes
- Plans include consolidation of the company’s TV networks
Chris McCarthy, George Cheeks and Brian Robbins
Photographer: Dave J Hogan, Shedrick Pelt/Getty Images; Gabe Ginsberg/WireImage/Getty ImagesThis article is for subscribers only.
David Ellison plans sweeping changes at Paramount Global, including cuts at the company’s TV networks, billions of dollars more for streaming and an overhaul of top management, according to people familiar with his plans.
Ellison, who will take over as chief executive officer of Paramount when it merges with his Skydance Media next year, is exploring combining all of Paramount’s TV networks, including CBS and MTV, into one unit. Those businesses are mostly run by two of the company’s co-CEOs, Chris McCarthy and George Cheeks. While Cheeks is expected to stay, McCarthy’s future is less certain.