Paramount Co-CEO McCarthy to Depart After Skydance Merger | JQJO

Chris McCarthy, Paramount Global co-CEO and president of Showtime/MTV Entertainment, will leave the company following its acquisition by Skydance next month. His departure precedes Skydance's announcement of post-merger leadership. McCarthy, a 22-year veteran, oversaw significant growth at Paramount+, including a surge in subscribers thanks to Taylor Sheridan's successful series. While his Showtime strategy had mixed reactions, it yielded record viewership for some shows. His exit follows multiple rounds of layoffs aimed at improving Paramount's financial performance. The future role of Keith Cox, a key lieutenant who worked with Sheridan, remains uncertain.