As one source explained to me, the only future for UA was if "Paula calls it a day, or the company implodes on its own, or a gun is put to Wagner's head by financiers and she greenlights things and then trusts in luck..."
UA under Wagner was way behind on the timetable dictated by its financing, I'm told. "Paula wasn't greenlighting movies, so she was about to lose a lot of the money. Her camp is trying to say MGM screwed up. We didn't, she did. Now MGM can get UA moving on at least 2 movies, and make sure they're released by a certain date, to keep the financing intact." That said, I hear Wagner wants to go back to producing movies, but this time around she'll do it on her own.