Shari Redstone’s refusal to sell Paramount to Skydance won’t keep her away from the negotiating table for long
NY Post
Maybe the biggest tell that traditional media is heading for the ICU isn’t that after months of intense negotiations, Shari Redstone did something weird and refused to sell her fading empire to a company known as Skydance.
No, it’s that a lot of smart media people, including those involved in the negotiations, believe that when Shari is faced with the cold, hard facts about the business she inherited from Pops, the late media mogul Sumner Redstone, she will likely be back at the bargaining table.
She simply has nowhere else to go.
I know what you’re saying: Aren’t there other bidders for her “controlling stake” in Paramount?
Sorry, if you know the business, it’s not exactly an awe-inspiring group.
Less awe-inspiring: Paramount is run by three executives all effectively reporting to Redstone, who during her time taking over the family business has squandered billions of dollars in stock market value.
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