Shari Redstone Halts Paramount-Skydance Merger

Paramount's leadership trio refocuses on restructuring and debt reduction after deal collapse.

Shari Redstone ended merger talks with Skydance over financial disagreements and shareholder concerns.
Paramount's leadership, now a trio, plans to cut $500 million in costs and explore asset sales.
The company aims to transform its streaming strategy and improve profitability.
Potential new buyers for Paramount's controlling shares have emerged, including Edgar Bronfman Jr. and Steven Paul.
Analysts question the long-term viability of Paramount's unconventional leadership structure.