Paramount Board Weighs Removing CEO Amid Sale Talks (Correct)

Paramount Global’s board is considering removing Chief Executive Officer Bob Bakish and putting the film and TV company under a committee of top executives while it evaluates a possible sale, according to a person familiar with the matter.

Three of the company’s senior most executives, film chief Brian Robbins, Showtime/MTV head Chris McCarthy and George Cheeks, who leads CBS, would sit on the committee, said the person, who asked not to be identified discussing private deliberations. Charles Phillips, a board member and former Oracle Corp. president, would be the lead independent director.

Bakish may record a message ...