Oct 22nd, 2008 · Media mogul Sumner Redstone is having money troubles. He's had to sell stock in CBS and Viacom to raise money to help with a loan for $1.6 billion for his privately held chain of theaters. To stay afloat, Redstone may have to sell CBS or Viacom.
Jul 20th, 2007 · Viacom Chairman Sumner Redstone and his daughter and heir-apparent Shari Redstone are at odds, reports The Wall Street Journal. The rift is raising questions about future control of the media empire, which includes CBS Corp.
Sep 6th, 2006 · Viacom CEO Tom Freston was once a golden boy in the entertainment and media worlds, the protege of media mogul Sumner Redstone. But Redstone has now fired Freston, catching the industry -- and Wall Street -- off guard.