Paramount’s media heiress will leave the stage after last act in a chaotic drama

Shari Redstone has handed over the reins to her family's studio - but will continue to be involved. (Image: CPJ Photos)

Mon, 23 Dec 2024

By Jessica Toonkel Paramount Global boss Shari Redstone took a winding path to sell her family’s media empire. Along the way, a CEO was dethroned, multiple board members resigned and investors lashed out.Now, the 70-year-old media heiress is preparing to hand the reins to a new owner in 2025 – but she promises not to go away entirely, and neither will Paramount’s problems.Redstone this year struck a US$8 billion (NZ$14b) deal with Hollywood production company Skydance Media that will reshape the entertainment landscape. S...

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