Sumner Redstone, 97

[raccoonradio]

https://www.bloomberg.com/news/arti...tent=business&utm_campaign=socialflow-organic

"Sumner Redstone, the New England cinema operator who became a billionaire media mogul late in life after buying Viacom Inc., Paramount Pictures and CBS Corp., has died. He was 97."

 

[Y2kTheNewOldies]

https://www.hollywoodreporter.com/n...cbs-charts-path-led-by-shari-redstone-1307077

The recombined firm, which bought a stake in Miramax and aims to offload publisher Simon & Schuster and its New York HQ Black Rock building, is expected to keep pursuing its streaming growth plans.
What's the path forward for ViacomCBS after media mogul Sumner Redstone's death at 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. "I tend to think the drama stage of the Redstone family’s involvement is largely, if not entirely, in the past," Barrington Research analyst Jim Goss tells The Hollywood Reporter.

Now Post Sumner Redstone visions for CBS comes into play according to this article. Yes for some time Shari Redstone has been the face of leadership at VIacomCBS and National Amusements as post Sumner Redstone plans are unveiled.