Paramount Global Weighs Sale of Majority Stake in BET Group (2)

Paramount Global is considering selling a majority stake in its BET Media Group, the unit that runs the cable TV channels Black Entertainment Television and VH1, along with a number of related businesses, according to people familiar with the matter.

The deliberations are preliminary and may not result in any sale, said the people, who asked not to be identified because the discussions are private. Paramount could maintain commercial relationships with a new owner, such as negotiating distribution fees with cable-TV operators, while opening the business up to other investors, including people of color.

Actor and filmmaker Tyler Perry, ...