Sumner Redstone resigns as CBS chairman
This final note on the way out, in which 92-year-old Sumner Redstone finally moves on. CBS announced today that Redstone has resigned as executive chairman.
He’s gonna be replaced by Les Moonves, the president and CEO of CBS.
Redstone owns about 80 percent of CBS and Viacom as well.
He’s been famously reluctant to even discuss handing off control, even as there’ve been questions about his health and his mental capacity.
True story, I interviewed him about 10 years ago so, he was 82-years-old and asked him what was going to happen when he wasn’t around anymore.
He all but jumped over the table and made to strangle me.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
