Redstones Split Over Fixing Debts

Dec 19, 2008  •  Post A Comment

Sumner Redstone’s daughter voted against her father’s plan to renegotiate the family company’s $800 million in debt due to expire Friday, the New York Times says. The rift might change plans to have Shari Redstone succeed her father as chairman of Viacom and CBS. The Redstones may get more time to restructure their debt from banks, BusinessWeek says.
—Jon Lafayette

Your Comment

Email (will not be published)