The chapter explores the decline of Paramount from its heyday to the challenges faced in the modern entertainment landscape. It delves into the personal and business aspects of key figures like Sumner Redstone, discussing controversies, health declines, and power struggles. The narrative portrays a story of deceit, manipulation, and resilience as Paramount fights for survival amidst changing industry dynamics and internal conflicts.
Media behemoth Paramount Global is struggling. Stock prices are down. The CEO was just ousted. And the head of this family business is ready to cash out. Puck’s Matthew Belloni explains what comes next.
This episode was produced by Hady Mawajdeh, edited by Amina Al-Sadi, fact-checked by Matt Collette, engineered by Rob Byers, and hosted by Noel King.
Transcript at vox.com/todayexplained
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