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The post-merger executive lineup includes Jeff Shell as president, Cindy Holland leading streaming, Andy Gordon as COO, and Dana Goldberg and Josh Greenstein as co-presidents of Paramount Pictures.

CBS reaffirmed its leadership in U.S. broadcast television, securing the title of most-watched primetime network for the 17th consecutive season—the longest winning streak on record. On the financial side, Paramount’s total revenue rose 1% year-over-year to $6.85 billion, compared to $6.81 billion in Q2 of the prior year.

Dan Cohen steps down effective immediately as Paramount and Skydance finalize their $8.4 billion deal expected to close by August 7, 2025, amid sweeping leadership and financial transitions.

As the FCC clears the acquisition, Skydance pledges political viewpoint diversity, eliminates DEI policies, and commits to bias oversight. Paramount co-CEO Chris McCarthy to exit following merger finalization.

The companies triggered a second 90-day extension, signaling ongoing discussions over the proposed merger amid leadership and strategic challenges at Paramount.