The saga of Paramount Global took a new turn on Thursday when I reported that David Ellison, proprietor of Skydance Media, and Gerry Cardinale, of RedBird Capital, had teamed to explore an offer for parent company National Amusements. Today, William Cohan, the longtime Redstone chronicler and author of the excellent Puck financial newsletter Dry Powder (sign up here!), joins me to debate the merits of such a deal, what Shari Redstone and Ellison are thinking, and what makes the most sense for these iconic entertainment assets…
Matthew Belloni: Let’s talk Shari Redstone! I know the fate of Paramount Global is one of your favorite topics.
