Sumner Redstone Media Tycoon, Dies at age 97
Follow us on Google news for more updates and News
Summer Redstone was an American businessman and media magnate. He was the majority owner and chairman of the board of the National Amusements theater chain. Through National Amusements, Redstone and his family are majority voting shareholders of Viacom CBS (itself the parent company of CBS, MTV, TV Land, VidCon, Smithsonian Channel, CBS Television Studios, CBS Productions, Showtime Networks, Nickelodeon, Paramount Network, Big Ticket Television, Viacom CBS Domestic Media Networks, Viacom CBS Networks International, Comedy Central, Paramount Pictures, Miramax, CBS Television Stations, Network 10 and TV distributor CBS Television Distribution). According to Forbes, as of September 2015, he was worth US$5 billion.
Redstone was formerly the executive chairman of both CBS and Viacom. In February 2016, at age 92, Redstone resigned both chairmanships following a court-ordered examination by a geriatric psychiatrist. He was ultimately succeeded by Les Moonves at CBS and Philippe Dauman at Viacom. Source Wikipedia-
Photo Credit Wikipedia
PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.