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Redstone was married and divorced twice — first to Phyllis Gloria Raphael, mother of his children — then to schoolteachers Paula Fortunato, a woman 39 years his junior. His tight-fisted grip on the National Amusements theater chain, which controlled CBS Corp. and Viacom Inc. through voting stock, was passed to his daughter, Shari Redstone, who battled top executives to re-merge the two entities that split in 2006. In addition to her role at National Amusements, she is chairwoman of ViacomCBS -- the media conglomerate created when she recombined Viacom and CBS at the end of last year.Gaining control has taken her years.
Post was not sent - check your email addresses! She currently serves as the chair of ViacomCBS and president of National Amusements; she formerly served as the vice-chair of CBS Corporation and Viacom.

As part of Redstone’s 2000 divorce from his wife of 52 years, he promised that his daughter Shari Redstone would eventually be allowed to succeed him as chairman of both public companies. The trust listed as trustees Viacom CEO Philippe Dauman, Shari Redstone, her son Tyler Korff and four lawyers. Under his watch, Viacom became one of the nation’s media titans, home to pay TV channels MTV and Comedy Central and movie studio Paramount Pictures. It is for the benefit of his five grandchildren. She later joined the Boston University School of Law, where she got her law … Redstone's daughter Shari Redstone emerged victorious in battle to merge Viacom and CBS ... according to an email obtained by The Hollywood Reporter. Ms. Redstone holds the remaining 20 percent of National Amusements through a separate trust.The main trust owns controlling shares in National AmusementsThe structure of the empire built by Mr. Redstone is complex — but Ms. Redstone is at the top.Father-daughter duos are rare in the upper echelons of corporate America, and combative ones even more so, said Rita McGrath, a professor at Columbia Business School and the head of its Women in Leadership program.
He shepherded onto TV a show featuring a scantily-clad girl group, the Electric Barbarellas, over protests from within.

Thanks for contacting us. “We don’t think that someone who effectuates creative suicide and costs the company revenue should be on the lot,” he told The Wall Street Journal in 2006.

Through National Amusements, Redstone and her family are majority … Forty years ago, you wouldn’t be seeing people taking that kind of bet on a woman.”It Was Business, It Was Personal: The Redstones’ Father-Daughter FeudSumner and Shari E. Redstone in 2012. During a low point in 2015, Ms. Redstone wrote in an email to her son that “your grandfather says I will be chair over his dead body.”The ups and downs were complicated by his illness and his Around that time, Ms. Redstone and Mr. Redstone made peace. The two later patched things up ahead of the making of “Mission Impossible: Ghost Protocol.” Shari is vice chair of the CBS board.The lawsuit claims Shari and her son eavesdropped on Herzer’s confidential conversations with Sumner and others, bribed domestic help to spy on Herzer, and copied Herzer’s financial documents.The pair schemed to get Herzer evicted from Redstone’s Beverly Hills mansion and to manipulate him so they could take over CBS and Viacom, the suit alleges.Robert Klieger, a lawyer for Shari and Tyler, dismissed the new information, saying it is “worth noting the critical difference between unsworn allegations and under-oath testimony.”“Ms. The day it aired, MTV Networks CEO Judy McGrath resigned. That meant she already had plenty of sway over what happens at the company and support from the trustees, said Rich Greenfield, a media analyst at LightShed Partners.“The reality is that ViacomCBS has been very much led by Shari for the last few years,” he said.Shares of ViacomCBS climbed in premarket hours after Sumner’s death was announced by National Amusements. The privately held company became the base for his media empire, and the source of all his family’s feuds. “It’s not an easy road to navigate.” Would you like to receive desktop browser notifications about breaking news and other major stories? It plans to unload its Simon & Schuster publishing division as part of its consolidation. Born in 1923 in Boston, Redstone was the oldest son of Michael and Belle Rothstein, who changed the family name to Redstone. “Soon she’ll be left with nothing but Judge Judy and ‘The People’s Court.’ We’ll save further comment for when the case is dismissed.” It’s also selling an office building in New York, though that process has been delayed by Covid-19.And the company has been shedding hundreds of jobs as it combines the operations of Viacom and CBS. National Amusements gave unanimous approval to the deal, with Redstone among the directors voting in favor.

We've received your submission.A California judge has denied a bid by Shari Redstone to keep under seal a complaint filed by her father’s former girlfriend. CBS and Viacom agreed to merge in 2019, undoing the split Redstone carried out 13 years earlier. In May 2015, he released a statement saying that after he dies, his ownership stakes in CBS and Viacom, through National Amusements, would be managed by a seven-person trust. She butted heads with CBS Corp. CEO Les Moonves into last year over his severance. Sumner Redstone, who joined his family's drive-in movie chain in the 1950s and used it to build a vast media empire that included CBS and Viacom, has died. Instead, he expanded its reach, bringing it into Europe, Asia, Latin America and Russia. Redstone next went after Paramount Pictures, a four-year process that ended with a friendly offer from Viacom for $10 billion in 1993. She battled her father’s former girlfriends as well as Viacom’s chief executive officer at the time, Philippe Dauman.

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