Sumner Redstone Trust Restricts Sale Options for CBS, Viacom

Sumner Redstone doesn’t want his heirs to have an easy time selling off his family’s controlling stakes in media companies Viacom and CBS. And he put it in writing in his estate-planning documents.
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Sun Valley 2018 Guest List Includes Shari Redstone, Tim Cook, Mark Zuckerberg (EXCLUSIVE)

Things could get awkward at Sun Valley, the annual gathering of moguls and media barons taking place next month in Idaho. Shari Redstone and Les Moonves, currently locked in a fierce battle for control of CBS that has them trading legal jabs and corporate put-downs on a daily basis, have both been invited to the […]

Variety

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Shari Redstone Moves to Defend Family’s Voting Power Over CBS

Shari Redstone is moving to block CBS Corp.’s efforts to strip her family of voting control. The Redstones’ family holding company, National Amusements, issued a change to CBS’s bylaws on Wednesday in an attempt to block the board’s ability to dilute its voting power.
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CBS Adds Sumner Redstone Lawyer to Board of Directors

CBS Corp. has added Sumner Redstone attorney Robert Klieger to its board of directors. Klieger, a partner in the law firm of Hueston Hennigan, was elected to the board during a regularly scheduled CBS Corp. board meeting on Thursday, CBS disclosed in a Securities and Exchange Commission filing on Friday. Klieger has represented CBS Corp…. Read more »

Variety

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Leslie Moonves Must Turn Over Records in Sumner Redstone Fight With Ex-Girlfriends

A judge on Wednesday allowed attorneys for Sumner Redstone’s ex-girlfriend to seek documents from CBS CEO Leslie Moonves. Redstone, the ailing Viacom mogul, filed suit last fall alleging that his former companions, Manuela Herzer and Sydney Holland, had swindled him out of $ 150 million. Redstone’s lawyers allege that the two women were able to take… Read more »

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Redstone Family’s Next Generation Takes On Bigger Roles

As the battle for control of the $ 40 billion media empire spanning Viacom and CBS was escalating over the summer, the grandson of controlling shareholder Sumner Redstone secretly reached out to Viacom’s embattled CEO to begin settlement talks.
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Merger of CBS, Viacom Not Guaranteed, Says Shari Redstone

Investors eagerly anticipating a new merger of CBS and Viacom ought to take a pause. A recombination of the two colorful media conglomerates is not a foregone conclusion, according to one of the controlling shareholders in both companies. “Everything is possible,” said Shari E. Redstone, the vice chairman of both CBS and Viacom, who controls… Read more »

Variety

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