Today, Explained Paramount’s looking for a deal they can’t refuse
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May 2, 2024 
Joining the discussion is Matthew Belloni, founding partner at Puck and host of The Town podcast. He delves into the turmoil at Paramount Global, including the ousting of the CEO and the company's declining stock prices. Belloni explores the struggles Paramount faces in the streaming landscape and the potential for a sale, pointing to past interest from major players like Netflix. He also reflects on the legacy of Sumner Redstone and the internal power struggles that continue to shape Paramount's uncertain future.
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Paramount's Decline
- Paramount's decline can be traced to the rise of the internet and changing media consumption habits.
- Its cable channels, once popular with younger audiences, lost ground to platforms like YouTube and Spotify.
Sumner Redstone and Paramount
- Sumner Redstone's declining health and controversial personal life led to internal conflicts and mismanagement at Paramount.
- His daughter, Sherry Redstone, ultimately took control after a series of legal battles.
Sherry Redstone's Leadership
- Sherry Redstone, after taking over, combined Viacom and CBS and focused on streaming with Paramount+.
- Bob Bakish, her chosen CEO, was seen as a 'yes man' who ultimately failed to deliver.