Shari’s shedding

Property sales to make $40M lien payment

Shari Redstone’s National Amusements — the holding company that controls the voting stock in media giant Paramount Global — has sold off a chunk of its real estate holdings in a scramble to make a $40 million debt payment due this week, The Post has learned.

The media heiress, who is fighting to keep control of both National Amusements and Paramount — the remnants of an empire built by her late father, Sumner Redstone, that includes CBS, the Paramount+ streaming channel and movie studio, and cable TV networks including Comedy Central, Nickelodeon and MTV — ponied up roughly $27 million of the cash on Tuesday, according to sources close to the situation.

The frenzied asset sales come as Redstone has put National Amusements up for auction — a process that appears to be weakening as prospective bidders, including Apollo Global Management, reportedly have dropped out.

“It’s confirmation that her financial flexibility is somewhat limited,” a source close to the situation said of the real estate sales.

National Amusements declined to comment.

As of now, the only known remaining interested buyer for National Amusements is David Ellison’s

Skydance Media, which also wants to buy Paramount in what would be a complex deal that includes merging movie studios, sources said.

Paramount, which has an independent board and is exploring its own options, has recently ended potential merger talks with Warner Brothers Discovery, according to reports.

National Amusements — which will continue to owe $300 million to a group of hedge-fund creditors — paid $27 million on Tuesday after selling off land under aging movie theaters it owns in Massachusetts, the sources said.

To pay the remaining $13 million coming due Friday, Redstone is expected to borrow from an existing line of credit extended by banker Byron Trott’s BDT & MSD Partners, sources said.

Separately, Paramount fell short of Wall Street estimates for quarterly revenue Wednesday, weighed by intense competition from streaming rivals and a weak ad market. Revenue fell 6% to $7.64 billion, despite Paramount+ adding 4.1 million new subscribers.