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Paramount's CEO shakeup and what it signals for merger bids

Yahoo Finance

Paramount (PARA) CEO Bob Bakish will be stepping down and replaced by three chief executives from across Paramount's umbrella of TV networks in an “Office of the CEO” consortium.

Yahoo Finance Entertainment Reporter Alexandra Canal explains the latest news on this shakeup and how it was addressed on Paramount's earnings call, and what this all means for looming merger bids from Skydance Media and a joint bid from Sony (SONY) and Apollo Global Management (APO).

Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.