Adjusted operating profit was $76.1 million, an increase of about 41 percent from a year earlier.

The Invisible Institute, a nonprofit newsroom with roughly a dozen journalists, was recognized for local and audio reporting.

The first Black woman to run a broadcast news division, Ms. Godwin had a rocky tenure defined by infighting and damaging leaks.

After letting exclusive talks with the movie studio Skydance lapse, Paramount’s directors met over the weekend and decided to negotiate with all the suitors.

Negotiations are now likely to focus on another suitor, Sony, which has teamed up with the private equity giant Apollo on a $26 billion bid.

Paramount has been exploring a potential deal for months, talking to suitors including Skydance, producer of “Top Gun: Maverick.”

Katherine Maher, the radio network’s new chief executive, has been in the spotlight since an editor published an essay accusing the organization of leftward-leaning bias.

Mr. Bakish was once a staunch ally of Shari Redstone, Paramount’s controlling shareholder. His departure comes as the company considers a major merger.

The terms of the new deal would provide Paramount shareholders with an investment to pay down debt and buy back stock.

He was once a staunch ally of the company’s biggest owner, Shari Redstone, but the relationship soured in recent months.