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Paramount owner in spotlight as CBS fights high-stakes legal battle with Trump

Majority Paramount owner Shari Redstone is trying to complete a merger with Skydance Media.

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Media mogul Shari Redstone, CBS parent Paramount's controlling shareholder, has been diagnosed with thyroid cancer. 

"Shari Redstone was diagnosed with thyroid cancer earlier this spring. While it has been a challenging period, she is maintaining all professional and philanthropic activities throughout her treatment, which is ongoing. She and her family are grateful that her prognosis is excellent," Redstone’s spokesperson told Fox News Digital. 

The 71-year-old has frequently been in the news this year as she seeks the Trump administration's approval of a multibillion-dollar planned merger with Skydance Media and has given lawyers the green light to settle President Donald Trump’s election interference lawsuit against CBS News, although no deal has been reached. 

TRUMP REJECTS PARAMOUNT'S $15 MILLION OFFER TO SETTLE CBS NEWS LAWSUIT, DEMANDS APOLOGY

As Paramount's controlling shareholder, Shari Redstone oversees CBS News. (Left: (Photo by Paul Morigi/Getty Images), Right: Al Drago/Bloomberg via Getty Images)

Redstone wanted the opinion of doctors "about two months ago after experiencing fatigue and other symptoms," according to The New York Times, which first reported the diagnosis. She underwent surgery in May.

The Times noted that she was quickly diagnosed and surgeons removed her thyroid gland but were unable to remove all the cancer cells because they'd spread to her vocal cords.

Redstone controls more than three-quarters of Paramount’s Class A voting shares through National Amusements, the company she took control of in 2016 when her media mogul father, Sumner Redstone, was deemed too incapacitated to run the company. He died in 2020. 

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Shari Redstone, CBS parent Paramount's controlling shareholder, has been diagnosed with thyroid cancer.