Shari Redstone, Paramount’s non-executive chair, will sell the family’s controlling stake in the company in a complex transaction that will culminate in a merger. The deal represents the end of an era for the Redstones, whose late patriarch, Sumner Redstone, transformed the family’s chain of drive-in movie theaters into a media empire that included Paramount Pictures, the CBS broadcast network and cable television networks Comedy Central, Nickelodeon and MTV.
Ellison will likely be joined at Paramount by veteran media executive Jeff Shell, former chief executive of NBCUniversal, once the deal closes, according to two people familiar with the discussions. Shell left NBCU last year after an investigation into an inappropriate relationship and subsequently joined RedBird as its chair of sports and media. The Paramount-Skydance deal culminated months of talks that appeared to have derailed when Redstone abruptly called off negotiations on June 11.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Paramount Global Owner Shari Redstone Calls Off Skydance Media MergerSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Leggi di più »