Published On: Mon, Dec 21st, 2015

New Chapter in Redstone Media Empire Saga

Sumner’s daughter solidifies position in media empire that controls Viacom and CBS

Late last year, Shari Redstone had a chance to cash out of her family’s media empire.

Her father, 92-year-old Sumner Redstone, offered her a deal worth $1 billion for her 20% stake in National Amusements Inc., the holding company through which he controls media giants Viacom Inc. and CBS Corp., according to people familiar with the matter.

The deal, proposed in November 2014, would have required her to relinquish her right to become chairman of the two companies upon her father’s death, and not to contest the gifts Mr. Redstone had bestowed upon the two women who lived with him, according to documents reviewed by The Wall Street Journal…

Read the full story at The Wall Street Journal, by KEACH HAGEY

 

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Chairman of Viacom and CBS, 92-year-old Sumner Redstone, is a “living ghost” and subject to uncontrollable crying fits, according to a lawsuit filed Wednesday by former girlfriend Manuela Herzer. He More…

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In the latest drama involving Viacom and Sumner Redstone, the 92-year-old executive chairman has split with his live-in girlfriend,  Sydney Holland. Sources say Holland, 43, was ejected from Redstone’s More…

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A California judge has declared Electric Barbarellas star Heather Naylor to be the winner of a lawsuit claiming she stole the laptop of Sumner Redstone’s girlfriend. Sydney Holland sued Naylor for $1 million,  More…

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Sumner Redstone has been denying reports that he has turned control over his media empire, which includes both Viacom and CBS, to his daughter Shari. Sumner is 91 and Shari is a youthful 61. Unfortunately for her,  More…

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