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Redstone Makes Debt Deal

Mar 2, 2009  •  Post A Comment

Sumner Redstone has reached an agreement with lenders to his family holding company under which he will sell assets, but probably not stock in Viacom or CBS Corp., the Wall Street Journal reports. Redstone’s company, National Amusements Inc., is expected to sell some of its movie theater chain to restructure its $1.6 billion in debt.
—Jon Lafayette

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