Shari Redstone's Votes at Annual Paramount Board Election

Friday, 7 June 2024, 21:15

Shari Redstone received the fewest votes among board candidates at Paramount's annual shareholder meeting, facing significant opposition. The co-CEOs proposed a comprehensive restructuring plan involving cost reductions, asset sales, and collaborations for Paramount's streaming service. Negotiations for a potential merger between Paramount and Skydance Media have been ongoing.
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Shari Redstone's Votes at Annual Paramount Board Election

Shari Redstone's Votes at Paramount Board Election

Shari Redstone received 32.2 million votes for her election to the board, the lowest among candidates, with over 905,000 votes against her.

Restructuring Plan

  • The co-CEOs proposed $500 million in cost cuts.
  • Asset sales and partnerships for Paramount+ were suggested.

Paramount-Skydance Merger

Negotiations between Paramount and Skydance Media on a potential merger have been underway for months.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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