Sumner Redstone

Sumner Murray Redstone is an American businessman and media magnate. He is the majority owner and chairman of the board of the National Amusements theater chain. Through National Amusements, Redstone and his family are majority voting shareholders of CBS Corporation and Viacom.

  • Sumner Redstone remains controlling shareholder of CBS, which agreed to merge with Viacom in August 2019; the deal may close by the end of the year.
  • Redstone and his family own about 80% of the voting shares of Viacom and CBS.
  • Redstone’s father founded the cinema chain now known as National Amusements in 1936; Redstone took over in 1954.
  • He acquired control of Viacom in 1987 and spun off CBS in 2006.
  • Redstone’s daughter Shari has been battling a couple of her dad’s former companions who have been seeking a share of his fortune.

Sumner Redstone Viacom