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Sumner Murray Redstone (né Rothstein; May 27, 1923 – August 11, 2020) was an American billionaire businessman and media magnate.He was the founder and chairman of the second incarnation of Viacom, chairman of CBS Corporation (both companies merged in 2019, a year before Redstone's death), and the majority owner and chairman of the National Amusements theater chain.
National Amusements was founded by Michael Redstone, and later passed to his son Sumner Redstone. After his 2020 death, the company was passed to a trust led by his daughter Shari Redstone . After nearly 90 years of control by the Redstone family, in July 2024, David Ellison 's Skydance Media announced its intent to acquire National Amusements ...
After the departure of Mel Karmazin in 2004, [15] Sumner Redstone, who served as chairman and chief executive officer, decided to split the offices of president and chief operating officer between Moonves and Freston. [15] Redstone was set to retire in the near future, and a split was seen as a creative solution to the matter of replacing him. [15]
After the departure of Mel Karmazin in 2004, [5] Sumner Redstone, who served as chairman and chief executive officer, decided to split the offices of president and chief operating officer between Moonves and Freston. [5] Redstone was set to retire in the near future, and a split was seen as a creative solution to the matter of replacing him. [5]
Sumner Redstone, the head of Viacom and CBS Corporation, increased his stake in Midway from about 15% in 1998 to about 87% by the end of 2007. [6] In December 2008, Redstone sold all his stock and $70 million of Midway debt to Mark Thomas, a private investor, for $100,000. [7] In February 2009, Midway Games filed for Chapter 11 bankruptcy. [8]
As an executive of an even bigger conglomerate, Karmazin and Viacom chief Sumner Redstone had many differences, leading to Karmazin's resignation in May 2004. [7] Karmazin later said he didn't get along with Redstone and found it difficult to be "No. 2" at a company, but particularly under Redstone.
Zuckoff was a special projects reporter and a member of the Globe Spotlight Team at the Boston Globe newspaper. [1] He was appointed as a professor in Boston University’s College of Communication, and in 2014, was named the first Sumner N Redstone Professor of Narrative Studies at Boston University. [2]
Sumner Redstone, the chairman of Nickelodeon's parent company Viacom, oversaw the creation of the block. HaHa Nick marked the first time that a foreign investor took an equity stake in a major Chinese content producer. The block premiered on 1 May 2005, and stopped airing in October 2007.