A Looming Question for Paramount’s Board: How to Navigate Shari Redstone
Shari Redstone won control over her media empire in 2018 after a hard-fought struggle with CBS. In the years since, she held off on selling the family business, merging Viacom and CBS to put iconic franchises like “60 Minutes” and “Top Gun” under one roof.Now, Ms. Redstone has decided to sell her controlling stake in Paramount, a decision that could put her in conflict with some of the company’s shareholders.The question that Paramount’s board has to answer — and may eventually have to defend in a courtroom: Is the deal under consideration good for all shareholders, or just Ms. Redstone?“Are…
