Redstone Making Progress on Debt

Feb 6, 2009  •  Post A Comment

Sumner Redstone is making progress in negotiations to refinance $1.6 billion in debt at his National Amusements Inc. holding company, Bloomberg News reports, citing two people with knowledge of the talks. Redstone was forced to sell Viacom and CBS Corp. shares last year because of the debt. Redstone and his daughter Shari, president of National Amusements, declined to comment, the news service said.
—Aimee Picchi

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