Mumbai: Sumner Redstone, the influential US media mogul who owned CBS and Viacom, passed away at the age of 97, as confirmed by his family on Tuesday. Redstone had been a central figure in the entertainment industry for decades, serving as chairman of the board of directors for both CBS and Viacom until stepping down in 2016 due to declining health. His resignation followed internal family disputes over the companies' control, with his family maintaining a majority stake.
In late 2019, CBS and Viacom were merged into one entity, managing some of the most well-known television networks and film studios in the world, including CBS, MTV, Comedy Central, Nickelodeon, Showtime, and Paramount Pictures. This consolidation placed the company in the same league as other major U.S. media corporations such as Disney, Time Warner, and 21st Century Fox.
Born Sumner Murray Rothstein in Boston in 1923, Redstone changed his surname in 1940 to Redstone. He graduated from Harvard University and served in U.S. military intelligence during World War II. In 1954, he joined his father’s business, which he later transformed into National Amusements, one of the largest cinema operators in the United States.
Redstone survived a near-fatal fire in 1979 and went on to play a pivotal role in shaping the media landscape throughout the 1980s and 1990s. He fought fiercely to gain control of Paramount Pictures and later took over Viacom, which owned MTV and CBS. Viacom and CBS merged in 2000 but split again in 2006.
Redstone’s remarkable career left an indelible mark on the entertainment industry and his legacy continues through the companies he built and reshaped.Sumner Redstone