Paramount’s Redstone to Reap $180 Million in Severance, Benefits

Shari Redstone, chair of Paramount Global, will get $180 million in severance and other benefits on top of hundreds of millions from the sale of her stock to a group led by filmmaker David Ellison, people with knowledge of the matter said.

The Ellison family and its partner, RedBird Capital Partners, are paying about $1.75 billion to acquire the equity of National Amusements Inc., the Redstone family company that owns most of the voting stock in Paramount, the parent of CBS and MTV.