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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 CB

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