Sumner Redstone, the media mogul who oversaw an entertainment empire that included CBS, Viacom, and Paramount Pictures, is dead at 97
As Viacom continued to expand its reach — it was Redstone, and not Bill Gates, who coined the phrase “Content is King” — the company merged with Paramount Pictures in the early Nineties, yet another hostile takeover that seemed to define Redstone’s fractious career; in order to purchase Paramount outright, Redstone had to sell off holdings like Madison Square Garden and the New York Knicks.
Just five years later, in 1999, Redstone added CBS to his portfolio for a reported $37 billion. He remained at the helm of his empire until 2016 when questions over Redstone’s mental facilities led to a power struggle over his empire. Ultimately, his daughter Shari became chairperson of the newly reformed ViacomCBS in 2019.: “My father led an extraordinary life that not only shaped entertainment as we know it today but created an incredible family legacy.
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