Singer Muni Long at the BET awards. Photo: Paras Griffin/Getty Images for BET
Paramount dropped its plans to sell a majority stake in BET, Axios confirmed, putting the future of the media group's cable networks up in the air.
Why it matters: A BET sale had been seen as a key part of Shari Redstone's plans to slim down the company ahead of a potential sale, which has been anticipated for years.
