Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Shari Redstone has finally spoken. After weeks of endless speculation about the future of Paramount Global, and more than half a year of grueling negotiations, the heiress called off […]
By Dawn Chmielewski LOS ANGELES (Reuters) -Media heiress Shari Redstone has ended talks with David Ellison’s Skydance Media, even as a special committee of the Paramount Global’s board was expected to meet to vote on a merger proposal, according to a source familiar with the negotiations. Redstone, Paramount’s controlling shareholder, had been expected to sell […]
Paramount Global (PARA) shares sank nearly 8% on Tuesday after Shari Redstone, who controls Paramount through her family’s holding company National Amusements (NAI), ended merger talks with Skydance Media, NAI confirmed in a statement. As first reported by the Wall Street Journal, Redstone will now likely pursue a sale of just NAI, rather than attempting […]
Shares of Paramount Global edged lower Thursday, day three in the red, amid lingering uncertainty around Skydance’s latest offer. With bigger than anticipated sweeteners for Class B shareholders, it was approved by Par’s special board committee and sent on to controlling shareholder Shari Redstone but with no announcement forthcoming. Redstone controls Paramount through family holding […]
(Reuters) – Paramount Global controlling shareholder Shari Redstone received the fewest votes among other directors in the company’s board election, a filing on Friday showed. Redstone received 32.2 million votes for her election to the board, the lowest out of the six candidates, while also getting the most votes against her election at more than […]