Paramount, Skydance merger deal ends Redstone era

Skydance Media and Paramount Global (PARA.O) opened a new tab and agreed to merge, the companies announced late Sunday, scripting a new chapter for one of Hollywood's oldest studios. The deal represents the end of an era for Shari Redstone, whose father and late patriarch, Sumner Redstone, transformed the family's chain of drive-in movie theaters into a media empire that included Paramount Pictures, the CBS broadcast network and cable television networks Comedy Central, Nickelodeon and MTV. David Ellison, t ...