Chris McCarthy Courtesy of Paramount Share on Facebook Share on X Share to Flipboard Send an Email Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Print the Article Post a Comment Paramount Global co-CEO Chris McCarthy will leave the company once its merger with Skydance is finished. McCarthy's decision comes on the heels of the Federal Communications Commission signing off on the deal late Thursday, removing the last major hurdle to the $8 billion transaction. McCarthy became co-CEO of Paramount, alongside George Cheeks and Brian Robbins, in April 2024. The trio took on the role after the ouster of Bob Bakish as the company was in its first round of negotiations with Skydance. McCarthy is also president of Showtime/MTV Entertainment and oversees the company's streaming platforms Paramount+ and Pluto TV. Cheeks, who heads up CBS, will likely remain with the company post-merger, while Robbins, who leads Paramount Pictures and Nickelodeon, is also expected to depart. The FCC, headed by Brendan Carr, approved the transfer of Paramount's broadcast licenses to Skydance on Thursday. That should allow the deal to close in relatively short order, giving the David Ellison-led Skydance control of Paramount. Ellison is set to be CEO of the combined company, with former NBCUniversal chief executive Jeff Shell coming in as president. THR Newsletters Sign up for THR news straight to your inbox every day Subscribe Sign Up THR, Esq Paramount-Skydance Merger Approved by FCC, Clearing Way for $8 Billion Deal Close THR, Esq A3 Artists Agency Ex-Chairman Adam Bold Resolves Lawsuit Over Sale to Gersh labor DreamWorks Commissary Workers Strike Amid Union Contract Negotiations versant Comcast's Versant Names Prospective Board Members international Imax Quarterly Revenue and Profit Rise Amid Hollywood's Theatrical Comeback Spotify Spotify and Netflix Link Up for 'Happy Gilmore 2' Campaign THR, Esq Paramount-Skydance Merger Approved by FCC, Clearing Way for $8 Billion Deal Close THR, Esq A3 Artists Agency Ex-Chairman Adam Bold Resolves Lawsuit Over Sale to Gersh labor DreamWorks Commissary Workers Strike Amid Union Contract Negotiations versant Comcast's Versant Names Prospective Board Members international Imax Quarterly Revenue and Profit Rise Amid Hollywood's Theatrical Comeback Spotify Spotify and Netflix Link Up for 'Happy Gilmore 2' Campaign