Editing Paramount Media Networks (section)

=== Paramount/Skydance merger (2024–present) ===
{{Main|Proposed merger of Skydance Media and Paramount Global}}
On April 29, 2024, President and CEO [[Bob Bakish]] was replaced by led by [[Brian Robbins]], George Cheeks, and [[Chris McCarthy (executive)|Chris McCarthy]].<ref>{{Cite web |last=Goldsmith |first=Jill |date=2024-04-29 |title=It's Official: Bob Bakish Is Out At Paramount Global, Trio Of Division Heads Form New Office Of The CEO |url=https://deadline.com/2024/04/bob-bakish-leaving-paramount-global-division-heads-office-of-ceo-1235898125/ |access-date=2024-04-29 |website=Deadline |language=en-US}}</ref> This action was the result of Bakish's reported opposition of the Skydance deal.<ref name="LAAQQ">{{Cite web |last=James |first=Meg |date=July 3, 2024 |title=So the Paramount and Skydance deal is back on track. What happened and what's next? |url=https://www.latimes.com/entertainment-arts/business/story/2024-07-03/paramount-and-skydance-deal-is-back-on-track-what-happened-and-whats-next |access-date=July 5, 2024 |website=[[The Los Angeles Times]]}}</ref> McCarthy was legally designated the company's "interim principal executive officer" in order to comply with [[U.S. Securities and Exchange Commission|SEC]] regulations stipulating that one person must conduct "the normal course of business".<ref>{{cite web |last=Goldsmith |first=Jill |date=May 3, 2024 |title=Paramount Unveils Bob Bakish Exit Terms, Names Chris McCarthy 'Interim Principal Executive' For SEC Purposes |url=https://deadline.com/2024/05/paramount-bob-bakish-exit-terms-chris-mccarthy-interim-principal-executive-1235904035/ |access-date=May 7, 2024 |work=[[Deadline Hollywood|Deadline]]}}</ref>

By July 2, 2024, Skydance renegotiated the deal and reached a preliminary agreement to acquire National Amusements and merge with Paramount.<ref name=":0">{{Cite news |last=Mullin |first=Benjamin |last2=Hirsch |first2=Lauren |date=2024-07-02 |title=Paramount and Skydance Are Said to Reach a Deal to Merge |url=https://www.nytimes.com/2024/07/02/business/media/paramount-skydance-merger-talks.html |access-date=2024-07-03 |work=The New York Times |language=en-US |issn=0362-4331}}</ref> The deal was referred by National Amusements to Paramount's special committee.<ref>{{Cite web |last=Rizzo |first=Lillian |date=July 2, 2024 |title=Skydance and National Amusements near Paramount deal as special committee reviews terms |url=https://www.nbcnews.com/business/business-news/skydance-national-amusements-paramount-deal-special-committee-reviews-rcna160084 |access-date=July 4, 2024 |publisher=[[NBC News]]}}</ref> Also, Paramount reportedly entered talks for a sale of the [[BET Media Group]] to buyers led by BET CEO [[Scott Mills (businessman)|Scott Mills]] for $1.6-$1.7 billion.<ref>{{Cite web |last=Spangler |first=Todd |date=July 2, 2024 |title=Paramount Reportedly in Talks to Sell BET for $1.6 Billion in Buyout Led by CEO Scott Mills |url=https://variety.com/2024/tv/news/paramount-bet-buyout-talks-scott-mills-1236059457/ |access-date=July 8, 2024 |website=Variety}}</ref>