Internal disputes delay Shari Redstone’s efforts to resolve $20B Trump lawsuit.
Paramount, under the control of Shari Redstone, is on the verge of settling a notable legal dispute with President Trump regarding the alleged misleading editing of a “60 Minutes” interview featuring Kamala Harris. However, internal disagreements within the company have delayed progress, according to sources. The media company is reportedly prepared to allocate as much […]
Shari Redstone’s estranged niece to make $140M from Paramount sale as part of trust from grandpa Sumner: sources
In a powerful media family torn apart by jealousy and rivalry, the aging patriarch publicly deteriorates as his granddaughter rushes to his side. Lies, betrayal, lawsuits. These aren’t the machinations of the fictional Roy family in “Succession,” but dramas involving the very real Redstone family, whose dysfunction is well-documented and partially inspired the critically acclaimed […]
Paramount shareholder sues to block Shari Redstone’s deal with Skydance
Paramount Global investors have filed a lawsuit to block the merger with Skydance Media, arguing it would cost shareholders $1.65 billion, according to a lawsuit filed Wednesday in Delaware Chancery Court. David Ellison’s Skydance Media closed on a deal to buy Paramount in early July, ending months of discussion and speculation about the future of […]
How Shari Redstone’s son played a key role in Paramount’s Skydance deal
In the end, maybe David just needed to call Tyler. The merger between Shari Redstone’s famed but fading Paramount Media empire and Hollywood studio Skydance may finally be inked, but it’s not quite set in stone yet. Before the signings dry up, it’s worth asking about the possibility of another bust. Last month, after Redstone […]
Paramount investor rips Shari Redstone’s deal to sell media giant
Investors in Paramount Global have slammed Shari Redstone over a deal to sell the company to Skydance Media, claiming the heiress is trying to line her own pockets at the expense of public shareholders. Matrix Asset Advisors implored Paramount’s board in a letter Monday to reject Skydance’s proposed merger with the media giant, calling it […]