Billionaire media mogul Sumner Redstone dies at 97
Billionaire media mogul Sumner Redstone died Tuesday, his family's holding company, National Amusements, announced in a statement Wednesday. He was 97.
Redstone built a media empire from National Amusements, a chain of drive-in theaters. Over several decades, he accrued holdings that included CBS, Paramount Pictures, Simon & Schuster, Blockbuster, and Viacom. At their peak, The New York Times reports, the businesses he controlled were worth more than $80 billion.
The Wall Street Journal described Redstone as a "mercurial" figure who was known for feuding both with his top executives and his family members, earning him the nickname "Grumpy" from his own grandchildren. Barry Reardon, who oversaw distribution for the rival Warner Brothers studio, said in 1994 that being the "relentless" Redstone's competitor "is a fate worse than death." Read more at The Wall Street Journal and The New York Times.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
5 deliciously funny cartoons about turkeys
Cartoons Artists take on pardons, executions, and more
By The Week US Published
-
Crossword: November 23, 2024
The Week's daily crossword puzzle
By The Week Staff Published
-
Sudoku hard: November 23, 2024
The Week's daily hard sudoku puzzle
By The Week Staff Published
-
Laurence Fox suspended by GB News after 'unacceptable' Ava Evans comments
Speed Read Broadcaster issues apology after actor goes on a tirade during a live interview with Dan Wootton
By Arion McNicoll, The Week UK Published
-
Fox News apologizes to Gold Star family for false story Marine Corps called 'disgusting'
Speed Read
By Peter Weber Published
-
Tucker Carlson Tonight is being replaced by Fox News Tonight
Speed Read
By Catherine Garcia Published
-
Judge delays Fox News-Dominion defamation trial start, reportedly to allow settlement talks
Speed Read
By Peter Weber Published
-
Judge orders Dominion lawsuit against Fox News to go to trial
Speed Read
By Justin Klawans Published
-
Fox News seeks gag order for producer who claims she was coerced to mislead in Dominion deposition
Speed Read
By Peter Weber Published
-
Lawsuit documents: After 2020 election, Tucker Carlson said he hates Trump 'passionately'
Speed Read
By Catherine Garcia Published
-
Rupert Murdoch gave Jared Kushner 'confidential information' on Biden ads, debate strategy, Dominion says
Speed Read
By Peter Weber Published