Redstone Starts to Sell Theaters

Mar 27, 2009  •  Post A Comment

Sumner Redstone’s National Amusements has started an auction to sell off some of its movie theaters to pay down the family’s $1.6 billion in debt, the Wall Street Journal reports. The sale will help Redstone avoid selling his controlling interests in Viacom and CBS Corp., the paper says.
—Jon Lafayette

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