Jeff Shell is unlikely to be directly replaced as president of Paramount, numerous insiders and people who do business with the company tell Deadline.
Despite weeks of speculation about Shell’s future amid allegations that he leaked privileged information and possibly violated SEC rules, the news that he was out at Paramount still delivered a jolt when it broke Wednesday. Even the most optimistic spin can’t erase the inherent awkwardness of one of the company’s top execs vanishing from the picture just before the expected closing of the massive Warner Bros. Discovery merger. The $111 billion deal, one of the biggest and most transformative in media history, will be completed by the end of September, Paramount says.
In a statement today, the company thanked Shell for his contributions but did not indicate he would have any link with Paramount in the future. It also asserted that its board of
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