Sumner Redstone in California, March 30 2012. Picture: REUTERS/MARIO ANZUONI
CBS and Viacom were combined from 2000 to 2006, when Redstone then separated them in an attempt to unleash the value of Viacom’s cable channels. Since 2016 Shari has pushed twice to merge CBS and Viacom. She’s also weathered a lawsuit aimed at diluting her family’s control of CBS, and a sexual misconduct scandal at CBS, which resulted in the September 2018 resignation of CEO Les Moonves. Viacom and CBS remerged in 2019.After decades spent building his empire, Redstone’s participation at corporate events became minimal in 2014 and he spoke only a few words on earnings calls.
Former girlfriend Manuela Herzer challenged Redstone’s mental competence in a lawsuit filed in November 2015, referring to him as a “living ghost”. Herzer, who had acted as the billionaire’s designated health-care agent, brought the suit against Redstone after he removed her from the role, as well as from his Los Angeles mansion, in October 2015.
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