Why Shari Redstone Is Sumner Redstone’s Most Important Legacy

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I first met Sumner Redstone in 1996 when I was working with Robert Evans and we were at Paramount. We had a producing deal, and we were up for renewal.

Mae Hamilton Though she bought it not even three years ago, Sydney Holland — the 48-year-old self-proclaimed philanthropist, producer, art collector and ex-flame of recently-deceased billionaire media tycoon Sumner Redstone — has hoisted her stylish Pacific Palisades mansion onto the market.

Sumner Redstone, who built a media empire from his family's drive-in movie chain, has died. He was 97.

NEW YORK — Viacom and CBS Chairman Emeritus Sumner Redstone, the media mogul who took his father’s movie theatre chain and built it into an empire that included Paramount Pictures, CBS and MTV, has died at 97, ViacomCBS and National Amusements said on Wednesday.

Cynthia Littleton Business EditorViacomCBS shares were up more than 5% in trading Friday, reflecting renewed investor interest in the company following the death earlier this week of chairman emeritus Sumner Redstone.The movement for ViacomCBS shares comes on a down day overall so far for the NASDAQ index. News of the Redstone’s death on Aug.

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What's the path forward for ViacomCBS after media mogul Sumner Redstone's deathat 97? Most Wall Street observers expect no strategy changes given that the executive didn't have any involvement in major company decisions in recent years. But some suggest there will be less soap opera-type focus on the Redstone family than in the past, which has at times distracted from the focus on the business.

As fate would have it, I believe that I was the last journalist to interview Sumner Redstone, who diedon Aug. 11 at 97.

Dade Hayes, Jill Goldsmith The reminders came often from Sumner Redstone, self-made architect of a vast media empire.“Viacom is me,” he once told Fortune magazine. “I’m Viacom.

RISK TAKERRedstone was born on May 27, 1923, into a Boston family that owned a chain of drive-in movie theatres. He graduated first in his class at Boston Latin High School, went through Harvard in three years and worked with an elite U.S.

Ted Johnson Senior EditorSumner Redstone had a long history of challenging the status quo — via litigation that often revealed questionable practices in the entertainment business and also laid bare more than a few of his personal squabbles.“When your life depends on it, you must wage war,” Redstone wrote in his 2001 memoir, “A Passion to Win,” in which he devoted many pages to explaining his legal battles. The mogul who died Aug.

«Sumner was a true industry titan, a brilliant and driven pioneer whose influence on the media and entertainment landscape cannot be overstated,» said a statement from ViacomCBS CEO Bob Bakish. ViacomCBS Chair Shari Redstone said in a statement, «My father led an extraordinary life that not only shaped entertainment as we know it today, but created an incredible family legacy.

Also Read: ViacomCBS to Launch International Streaming Service in Early 2021The majority owner and chairman emeritus of media giants Viacom and CBS Corp., as well as Paramount Pictures, MTV Networks, BET and Movietickets.com, Redstone actively guided the businesses until just a few years before his death. He also served as chairman of the board of the National Amusements movie theater chain, which his father founded in 1936 and which remains his family’s business.

Media mogul Sumner Redstone has died at the age of 97.