Viacom and CBS mogul, Sumner Redstone dies aged 97

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Viacom and CBS mogul, Sumner Redstone dies aged 97

Sumner Redstone, one of the towering figure in media who built his father’s drive-in theater business into an empire that included Viacom, Paramount Pictures, CBS Corp and MTV is dead at the age of 97. 

 

National Amusements, the Redstone family’s private holding company that controls what is now ViacomCBS confirmed that the Boston native and veteran of the second world war died on Tuesday August 11.

 

The media mogul whose legacy was tarnished in his final years by corporate battles and sordid allegations by former girlfriends, died at his home in Los Angeles. 

 

After serving in the military in the 1940s, Redstone studied tax law at Harvard and used that training to mastermind acquisitions, engineering deals for Viacom, Paramount Pictures, Blockbuster, CBS and Simon & Schuster during his reign.

 

Viacom and CBS mogul, Sumner Redstone dies aged 97

 

The billionaire had promised to never give up managing his empire. In 2014, age 91, he dismissed his daughter Shari’s prospects as the next chief of the family…



Source: Linda Ikeji