Redstone Gets Nat’l Amusements Debt Deal

May 6, 2009  •  Post A Comment

National Amusements completed a $1.46 billion debt restructuring that should mean controlling shareholder Sumner Redstone won’t have to sell off more of its stake in Viacom and CBS, the Associated Press reports. National Amusements was forced by lenders to sell $233 million in non-voting Viacom and CBS shares in October, the wire service says.
—Jon Lafayette

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