Paramount Chair Shari Redstone Will Leave Board After Skydance Merger

Shari Redstone won’t stay on the board of Paramount Global after the company completes its planned merger with Skydance Media, according to people familiar with her plans.

Redstone, the chair of the film and TV company, and her son, Tyler Korff, both have the option of joining the board of the new company, but don’t plan to, according to the people, who asked to not be identified discussing private matters.