Showtime Sell Offer 'Not That Interesting': CEO

The recent unsolicited offer to sell Showtime "wasn't that interesting to us," Paramount Global CEO Bob Bakish said Wednesday in a Morgan Stanley investor conference. "Our internal plan is far more value creating" for earnings and synergies, he said. He said there's "huge opportunity" to gain market share in streaming, especially given this year's consolidation of Paramount+ and Showtime. "The NFL clearly works on streaming," he said. "We like sports." Paramount Global spending on content has gone up considerably the past two years, but it will peak in 2023, he said.