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Paramount’s three-headed leadership structure will reportedly get shelved once the $8 billion merger with Skydance Media goes through — with two of the co-CEOs likely getting pushed out.

David Ellison, the current Skydance boss who will run the combined company as chairman and CEO, is planning a massive shakeup that could involve combining all of Paramount’s television assets, including CBS and MTV, into one unit, according to Bloomberg News.

Currently, the television properties are jointly run by co-CEOs Chris McCarthy and George Cheeks.

Cheeks, who is said to have a good relationship with Ellison’s deputy Jeff Shell, is expected to stay at the company, but McCarthy’s future is up in the air, Bloomberg reported.

Brian Robbins, the honcho in charge of Paramount Pictures and Nickelodeon, is the third member of the troika.

He is expected to depart the new company around the time the merger is consummated — which can happen as early as March — though people familiar with the matter told Bloomberg that no final decision on Robbins has been made.

Ellison — the son of billionaire Oracle co-founder Larry Ellison — has collaborated extensively with Robbins in recent years.

However, Ellison is said to be considering installing Dana Goldberg, Skydance’s head of production, as head of Paramount’s film studio, according to Bloomberg News.

The Post has sought comment from Paramount Global and Skydance.

Skydance helped finance most of Paramount’s blockbuster films over the last decade, including “Top Gun: Maverick” and the latest “Mission: Impossible” films.

In preparation for the close of the merger, Ellison and his top lieutenants have been meeting Paramount personnel to get an idea of how the company has been operating, according to Bloomberg.

In September, the debt-saddled media giant kicked off a second round of layoffs in its previously announced plans to cut 2,000 jobs.

Employees were told by Ellison that no decision has been made about any additional layoffs once the merger is finalized, Bloomberg News reported.

The consolidation of the television assets is a necessity for Ellison given the fact that viewers are abandoning linear broadcasting in droves.

Paramount’s film studio is also not expected to turn a profit this year, according to analysts.

McCarthy, Cheeks and Robbins have been running Paramount since April 29 following the ouster of CEO, Bob Bakish.

The executive’s relationship with Shari Redstone, the controlling shareholder of Paramount Global parent company National Amusements, reportedly soured after Bakish opposed the Skydance merger.

Redstone holds a 20% stake in NAI through two trusts in her name and is in line to receive about $350 million from its sale, according to Bloomberg.  

Aside from buying up the Redstone family’s entire 77% NAI stake for $2.4 billion, Skydance will pay $15 a share for as much as $4.3 billion of the common shares.

Paramount stock closed at $10.92 on Tuesday.

With Post Wires

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Donald Trump denies posting AI image of himself as pope

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Donald Trump denies posting AI image of himself as pope

Donald Trump has denied posting an AI image of himself as pope – and said Catholics who were offended “can’t take a joke”.

A picture of the president wearing white and gold robes in the style of a pontiff was posted to his account on Truth Social and caused outcry among some Christians.

“I had nothing to do with it, somebody made a picture of me dressed like the Pope and they put it out on the internet,” he said on Monday.

“That’s not me that did it, I’ve got no idea where it came from, maybe it was AI.”

When it was pointed out to him that some Catholics were offended by the image, he replied: “Oh, they can’t take a joke.”

“The Catholics loved it,” he also claimed.

Pic: Donald Trump/Truth Social
Image:
Pic: Donald Trump/Truth Social

President Trump insisted that he first saw the image – which was posted on Friday night on his Truth Social account and later promoted by the White House on its official X account – on Sunday evening.

He also noted that first lady Melania Trump “thought it was cute”.

President Trump was not baptised as a Catholic and therefore is ineligible to be pope, neither is he allowed to participate in the conclave.

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Some 133 cardinal electors – those under the age of 80 – will take part in the conclave and begin voting for the new pontiff on Wednesday after the death of Pope Francis last month.

The rituals of the event, held in the Sistine Chapel in the Vatican, are elaborate and date back centuries.

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Two motorbike racers killed in 11-bike crash during British Supersport race at Oulton Park

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Two motorbike racers killed in 11-bike crash during British Supersport race at Oulton Park

Two motorcycle racers have died after a crash involving 11 bikes during a British Supersport Championship race at Oulton Park in Cheshire.

Owen Jenner, 21, was treated trackside and taken to the circuit’s medical centre, but organisers said he died from a “catastrophic head injury”.

Shane Richardson, 29, sustained severe chest injuries and was also given treatment at the scene.

He was transferred to Royal Stoke University Hospital but died before he arrived.

A third rider, Tom Tunstall, 47, is at the same hospital with what organisers called “significant back and abdominal injuries”.

Five others from the British Supersport race were taken to the track’s medical centre but didn’t need hospital treatment.

Motorsport Vision Racing, which runs the race series, said the crash happened on the first lap as riders exited turn one at Old Hall corner.

It said there was a “chain reaction” with 11 riders coming off their bikes.

“Due to the extreme severity of the incident and ongoing medical intervention, the remainder of the Bennetts British Superbike Championship event was cancelled,” organisers said in a statement.

Cheshire Police said they were investigating two deaths on behalf of the coroner.

“The Motorcycle Circuit Racing Control Board and MotorSport Vision Racing are investigating the full circumstances of the incident in conjunction with the Coroner and Cheshire Police,” the force said in a statement.

Jenner, from Crowborough, East Sussex, was the 2024 British GP2 champion and was signed to Rapid Honda.

New Zealand superbike racer Richardson was in the Astro JJR HIPPO Suzuki team sponsored by Hippo waste removal service.

Brady Dyer, a councillor in New Zealand’s Lower Hutt city, paid tribute to Richardson on Facebook saying he was a “talented” rider.

“My thoughts are with the family and friends of Shane Richardson, a talented Kiwi rider who tragically lost his life while doing what he loved.

“Shane was proud to be from Wainuiomata and was admired both locally and abroad for his skill and passion.

“This is a heartbreaking loss, and I know many in our community will be feeling it deeply.”

Harley McCabe paid tribute to Jenner as he said in a Facebook post: “Today I lost my team mate [heartbreak emoji], words cant explain how I feel right, now I’m absolutely devastated that I won’t see your smile again.

“You have been there for me over the years and been an amazing team mate and turned into more of an older brother to me!

“The awning will never be the same, we’ve lost a massive part of us all today.”

Mr McCabe added: “Sending love to Owen’s family and friends.”

The British Supersport Championship features 600cc machines and is the main support class to the blue riband professional British Superbikes series.

The Oulton Park event was the opening round of this year’s championship, which takes place at circuits around the UK.

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Both riders had posted on social media in recent days about looking forward to this weekend’s races

Jenner was also a superstock champion in 2020 and 2023, and won last year’s GP2 title with 18 wins out of 20 race finishes. After, he signed with British superbike team Rapid Honda.

Richardson, a father-of-two, worked as a part-time test rider for Triumph, according to his social media.

According to his team, Astro JJR Hippo Suzuki, he previously had a business crafting bespoke kitchens before moving into “competing on the UK’s premier racing circuits”.

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Man charged after British student nurse stabbed to death in Texas ‘following fight over cat’

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Man charged after British student nurse stabbed to death in Texas 'following fight over cat'

A man has been charged after a British student nurse was stabbed to death in Texas days before she was due to graduate, according to reports in the US.

Elizabeth Tamilore Odunsi, also known as Tamilore Odunsi, was found dead by police at her home in Houston shortly before 4pm local time on Saturday 26 April, Sky’s US partner network NBC News reports.

Officers had arrived to conduct a welfare check but when they knocked on the door there was no answer.

They saw blood on a rear concrete patio and entered the apartment, where they found the 23-year-old on the kitchen floor with multiple stab wounds.

Ms Odunsi, who is reported to be originally from London, was pronounced dead at the scene.

Chester Lamar Grant: Pic: Houston Police Department
Image:
Chester Lamar Grant: Pic: Houston Police Department

A man, later identified as her roommate Chester Lamar Grant, was found in a bedroom with at least one stab wound and was taken to hospital in a critical condition, police said.

The 40-year-old was arrested on Friday 2 May and has been charged with Ms Odunsi’s murder.

He currently remains in custody at Harris County Jail in Texas with a bond set at $500,000 (around £375,000).

A magistrate has said in a preliminary hearing that the roommates had been involved in a fight over Grant’s cat, according to ABC News.

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Ms Odunsi had a TikTok account, Tamidollars, with more than 44,000 followers, where she posted about her life as a student at Texas Woman’s University.

A GoFundMe page set up to bring Ms Odunsi’s body back to the UK for burial had received more than £63,000 in donations as of 3am UK time on Tuesday.

In a statement on the GoFundMe page, her sister Georgina Odunsi writes: “Tami was a beautiful soul, full of light, ambition, and kindness… She moved from the UK to the United States to pursue her dream of becoming a nurse, dedicating herself to a life of care and service.”

She continues: “Tragically, Tami was brutally murdered just days before she was set to graduate from university – an unimaginable loss at a moment that should have marked the beginning of a bright and promising future.”

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