Redstone May Sell CBS; Viacom Safe

Nov 25, 2008  •  Post A Comment

Sumner Redstone is considering selling his family’s movie-theater chain to preserve his media empire, which includes Viacom Inc. and CBS Corp., the New York Times reports. Mr. Redstone has indicated that if his current financing crunch gets bad enough, he is willing to part with CBS, but not Viacom, the paper says. Redstone was forced to sell more than $200 million of stock in Viacom and CBS to satisfy lenders in October.
—Greg Baumann

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