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Welcome back to a jam-packed What I’m Hearing on this momentous day for both the Paramount Global entertainment conglomerate and the offspring of testy billionaires. Tonight, my take on the landscape-altering David Ellison-Shari Redstone deal, plus takeaways from my chat with Ellison and RedBird Capital’s Gerry Cardinale.
Programming note: I’m back in L.A. and, like Ellison, I won’t be at the Sun Valley mogul conference this week. But my partner Dylan Byers will be there, so say hi to Dylan at the Konditorei. And a pro tip: If CNBC asks you to do an on-camera interview amid a picturesque backdrop about layoffs and the onerous cost of labor, don’t do it.
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Discussed in this issue: Shari Redstone, Kevin Bacon, Willow Bay, Charlie Ergen, Dick Wolf, Chris McCarthy, Sherry Lansing, Michael B. Jordan, Kevin Mayer, Gerry Cardinale, Barry Diller, Michael Rubin’s White Party... and Ben Sherwood’s Caesar salad journalism.
But first…
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