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I Know What You Did Last Sumner

Sumner and Shari Redstone in 2012.
Sumner and Shari Redstone in 2012. Photo: Mark Sullivan/WireImage
William D. Cohan
December 13, 2023

Shortly after my Puck partner Matt Belloni reported that David Ellison and Gerry Cardinale were kicking the tires at National Amusements, Inc., the Redstone family holding company that owns nearly 80 percent of the voting rights and a 10 percent economic stake in Paramount Global, I started getting calls from Paramount Global shareholders. As you might imagine, they were worried about what a deal for NAI would mean for them and their Paramount stock.