From CNBC:

Shari Redstone, nonexecutive chair and controlling shareholder at Paramount Global, has been in serious discussions to sell the company or parts of it due to the rapidly changing media landscape. Paramount+ has 63 million subscribers, but is still losing money. Shari Redstone’s increased focus on Jewish causes after the Hamas attack has also driven her desire to make a difference.

Inheritance of National Amusements and Paramount Global shares from her father may lead Shari Redstone to consider selling to pay off a $200 million tax bill. National Amusements faces a debt payment of $37 million in March, sparking motivation to sell for cash. Talk of an acquisition by Warner Bros. Discovery and Skydance Media are underway, with various hurdles including debt and stock splits.

Charter’s upcoming carriage deal with Paramount Global poses an additional challenge. Given Paramount+’s subscription costs and the company’s high dependence on its linear business, losing carriage from major pay TV distributors like Charter could further hurt business. Leadership under CEO Bob Bakish is seeking to renew key deals with pay TV distributors.



Read more: Why Shari Redstone needs the right deal