Bob Bakish

Robert Marc Bakish ( ; born December 14, 1963) is an American business executive. He became the president and CEO of Paramount Global on December 4, 2019, formerly holding the same position at Viacom before the merger with CBS Corporation. He resigned on April 29, 2024 when Paramount was considering a major merger after a poor performance in the stock market.

Early life and education

A native of New Jersey, Bakish attended Dwight-Englewood School in Englewood, New Jersey, graduating in 1981."Robert M. Bakish: Dwight-Englewood School 1981 – Honored 2011"
Dwight-Englewood School. Retrieved September 12, 2018.

He received a Bachelor of Science in operations research in 1985 from Columbia University's School of Engineering and Applied Science."Robert Marc Bakish"
Columbia Business School. Retrieved September 12, 2018.Bakish, Robert
"Address by 2013 Class Day Speaker Robert M. Bakish, Viacom International Media Networks CEO"
Columbia University School of Engineering and Applied Science. June 3, 2013. He earned an MBA from Columbia Business School in 1989.

After receiving his MBA, Bakish joined the management and technology consulting firm Booz Allen Hamilton in 1990, and rose to become a partner in its media and entertainment practice.

Career at Paramount

Early positions

In February 1997, Bakish joined Viacom. Initially as vice president of planning and development, he became senior vice president of planning, development and technology in January 1998.

In October 1999, he became the executive vice president of planning and business development of Viacom's subsidiary MTV Networks. From 2001 through 2004, he was executive vice president and chief operating officer of advertising sales at MTV Networks.

In 2004, he was appointed executive vice president of operations of Viacom, Inc., and in 2006 he was also appointed executive vice president of Viacom Enterprises. In these two positions, he was responsible for Viacom's strategic planning and business development plus oversight of a range of business units including Famous Music, Famous Players, Viacom Plus sales and information services and technology, as well as heading Viacom's cross-divisional marketing council."Robert M. Bakish"
Avid. Retrieved September 13, 2018.

Head of international operations

In January 2007, Bakish became the president of MTV Networks International (MTVNI) responsible for financial and management, overseeing MTV Networks operations outside the U.S. He immediately restructured MTVNI by cutting 8% of the workforce, merging some overseas units with the UK business and devolving responsibilities for Latin American operations to new offices across the region. He launched the popular Colors franchise of networks via the Viacom18 joint venture in India. MTVNI had double-digit, year-on-year growth during his tenure."Robert Bakish"
'' FT Live''. Retrieved September 13, 2018.

When MTVNI CEO Bill Roedy resigned in January 2011, Bakish was promoted to the newly created position of president and CEO of Viacom International Media Networks (VIMN).Szalai, Georg
"Viacom Promotes Robert Bakish to CEO of All International Networks"
''The Hollywood Reporter''. January 19, 2011. This promotion included responsibility for all Viacom media networks and operations internationally, including MTV, Nickelodeon, Comedy Central, BET, VH1, VIVA, TMF, Game One and MTV Tres; plus oversight of all of Viacom's international TV-related joint ventures, including Viacom18 in India and ViacomSBS in Korea, as well as channel ventures with BSkyB in the UK and Foxtel in Australia. In all, VIMN operations at the time of his appointment consisted of 145 television channels in 160 countries and territories, plus related digital properties and consumer products businesses. During his tenure, Bakish expanded Viacom's international footprint, and VIMN was Viacom's most successful division; revenue doubled, and VIMN grew to more than 200 television channels.Maglio, Tony
"Viacom Names Robert Bakish Acting President, CEO"
''The Wrap''. October 31, 2016. Under his leadership, the Paramount Channel was launched, offering movies and television shows in Europe, Latin America and Russia. He oversaw the expansion of networks such as Nickelodeon, Comedy Central and Spike to an increasing number of foreign markets, and helped orchestrate the acquisition of Channel 5 in the UK and Telefe in Argentina. He also oversaw the launch of apps, including the Viacom Play Plex suite of branded mobile TV apps and the BET Play direct-to-consumer subscription video-on-demand app for an adult audience.

CEO

In October 2016, Viacom named Bakish as acting president and CEO of Viacom effective November 15, to replace interim CEO Tom Dooley.James, Meg
"Viacom names Robert Bakish as acting CEO"
''Los Angeles Times''. October 31, 2016.Badkar, Mamta
"Viacom taps Bob Bakish for CEO"
''Financial Times''. October 31, 2016. He was also appointed president and CEO of the newly created Viacom Global Entertainment Group, which combined Viacom International Media Networks (VIMN) with Viacom's Music and Entertainment group, which includes MTV, Comedy Central, VH1, Spike TV and Logo TV; two additional networks, TV Land and CMT, also joined the Global Entertainment Group. Optimistic that Bakish could make good on his plans to turn Viacom's core U.S. cable networks and its Paramount Pictures film studio around, the board of directors of Viacom Inc. made Bakish's appointment as president and CEO permanent on December 12, 2016.Bloomberg News
"Viacom's new CEO pursues turnaround with CBS out of the picture"
''Crain's New York Business''. December 12, 2016.

In early 2017, Bakish laid out a five-point plan to return Viacom to producing a steady profit. This consisted of focusing on Viacom's six flagship brands: BET, Comedy Central, MTV, Nickelodeon, Nick Jr. and Paramount; revitalizing content and talent; deepening distributor and advertiser partnerships to drive traditional revenue; increasing digital offerings, consumer products and live experiences; and optimizing and energizing the organization.Maglio, Tony
"Here’s Viacom’s New 5-Point Strategic Plan: 6 Brands, ‘Deeper Integration of Paramount’"
''The Wrap''. February 9, 2017.Szalai, Georg
"Viacom Unveils Focus on Flagship Brands, 'Deeper Integration' of Paramount Pictures"
''The Hollywood Reporter''. February 9, 2017.Lieberman, David
"Viacom CEO Vows To Make Company More Focused And Forward-Looking"
''Deadline Hollywood''. February 9, 2017.Littleton, Cynthia
"Viacom Sets Radical Revamp of Cable Operations, Adapting to Skinny-Bundle Era"
''Variety''. February 9, 2017. The strategy also included having Paramount Pictures develop films and franchises connected to Viacom television content; additionally, Spike TV would be rebranded as and converted to a broad-based general entertainment channel, the Paramount Network, in early 2018.

By the fall of 2017 Bakish had restructured Viacom, replacing executives at nearly every company, including hiring Jim Gianopulos - formerly chairman and CEO of 20th Century Fox, as the new chairman and CEO of Paramount Pictures.

In 2018, Bakish's implementation of his five-point comprehensive strategy was credited with Viacom's much improved finances and improved company morale and focus. In 2018, under Bakish's direction and in accordance with his plan to capture younger and digital markets, Viacom acquired digital platform WhoSay, internet video conference VidCon,Bloom, David
"Viacom Courts The Youth Vote With VidCon, WHOSAY"
''Forbes''. June 20, 2018.Lopez, Ricardo
"Viacom Acquiring VidCon"
''Variety''. February 5, 2018. and online television network AwesomenessTV. In early 2018, Bakish also announced the launch of an official Viacom streaming service, which will support ads and will include series and content from Viacom that hasn't been available on other streaming services. In April 2018, Viacom launched Viacom Digital Studios, which will create new original content hosted on sites such as Facebook, Twitter and Snapchat. In addition, later that June, Bakish announced that Viacom will produce some new series exclusively for Netflix, beginning with Nickelodeon-related content.

In September 2018, due largely to his turnaround of Viacom, ''The Hollywood Reporter'' listed Bakish as #20 in its ''The Hollywood Reporter'' 100: The Most Powerful People in Entertainment 2018.

Bakish retained the role of CEO when CBS Corporation and Viacom reunited under a single company to form Paramount Global (then known as ViacomCBS), which closed on December 4, 2019.

In 2023, Bakish's total compensation from Paramount Global was $31.1 million, representing a CEO-to-median worker pay ratio of 274-to-1.

In December 2023, Bakish and David Zaslav discussed the possibility of Paramount Global merging with Warner Bros. Discovery. TD Cowen analyst, Doug Creutz, told The Hollywood Reporter: “We have a very hard time believing the current FTC/DOJ, which has been very aggressive in combating industry consolidation, would give this deal a pass.” However, in February 2024, the discussion was abandoned.

On April 28, 2024, it was reported that Bakish will be stepping down from his position as a CEO of Paramount due to the pressure from ongoing talks between Skydance Media and Paramount. Skydance CEO David Ellison would take over as CEO of Paramount, replacing Bakish. Bakish stepped down the next day.

Board memberships

Bakish has been on the board of directors of Paramount since its merger, and previously at Viacom from December 12, 2016, up until the merger. He is also on the board of directors at Avid Technology, Inc.

He is on the Board of Overseers at Columbia Business School, and is also an active member of its Media & Technology Forum. He is also on the Board of Visitors at Columbia University's School of Engineering and Applied Science.

Bakish was previously chairman of the board of Viacom 18 Media from 2007 until February 28, 2018. He was also Chairman of the Cable Television Advertising Bureau from 2003 to 2005."Robert Marc Bakish"
Bloomberg. Retrieved September 14, 2018.

Personal life

Bakish and his wife Dee live in New York and have two daughters.

References

External links

Official bio
at ViacomCBS

{{DEFAULTSORT:Bakish, Robert
American chief executives in the mass media industry
American television executives
Columbia School of Engineering and Applied Science alumni
Columbia Business School alumni
Booz Allen Hamilton people
Dwight-Englewood School alumni
Businesspeople from Englewood, New Jersey
Living people
1963 births
Paramount Global people
American chief executives of Fortune 500 companies