Comment on Media mogul Sumner Redstone to sell nearly $1 billion in stock, maintains empire

Media mogul Sumner Redstone to sell nearly $1 billion in stock, maintains empire

Sumner Redstone's family-controlled firm, National Amusements Inc., this morning said it was selling nearly $1 billion in stock in CBS Corp. and Viacom Inc. to help retire the enormous debt that once threatened to upend the 86-year-old mogul's media empire -- and his legacy.

 

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