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Shari Redstone Sells Paramount Global for $8 Billion

8/11/2025

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Summary

Story summary

Shari Redstone's $8 billion sale of Paramount Global, which includes CBS and Paramount Pictures, to David Ellison's Skydance Media marks the end of a turbulent chapter for the Redstone family. As Ellison takes the helm of these iconic brands, he must navigate the challenges of an ever-evolving media landscape.

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Story summary

Shari Redstone's $8 billion sale of Paramount Global, which includes CBS and Paramount Pictures, to David Ellison's Skydance Media marks the end of a turbulent chapter for the Redstone family. As Ellison takes the helm of these iconic brands, he must navigate the challenges of an ever-evolving media landscape.