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Shari Redstone: Hamas Attack and CBS’s Anti-Israel Coverage Led Me to Sell Paramount

Skydance's acquisition ends Redstone family control after 40 years, influenced by geopolitical events and includes a $16 million lawsuit settlement with former President Trump.

  • Shari Redstone stated she was "blown away" by the "no-brainer" $16 million settlement with President Donald Trump, which facilitated a merger with Skydance Media.
  • The settlement, finalized in July, includes $16 million directed to Trump's presidential library and legal expenses.
  • Redstone indicated that settling was always in Paramount's best interest due to litigation risks.
  • CBS News executives did not release the unedited footage, even though Mr. Cheeks saw no reason against it.
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mediagazer.com broke the news in on Tuesday, August 19, 2025.
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