Viacom heir apparent Shari Redstone is expected to leave the media conglomerate’s board after a falling out with her volatile chairman father, Sumner Redstone, the Wall Street Journal reports. In anticipation of a pending sale of all or part of the company, Viacom stock traded up 3% this morning.
The Redstone acrimony seems to be the product of disagreements on the future of Viacom’s National Amusements theater chain, which Sumner wanted to spin-off and Shari to invest further in. There is speculation that the younger Redstone may buy National Amusements upon her departure.
Earlier this year, Viacom bought out Sumner’s son Brent’s stake as part of a law suit settlement, suggesting Shari’s parting may be similar.
Despite the reports, Shari’s spokeswoman said she is not leaving the board and remains, “committed and involved.”
Shakeup at Viacom: Is It in Play? [Dealbook]
Shari Redstone Is Expected To Leave Viacom's Board [WSJ]
Posted by jt , Jul 19, 2007 2:23PM
So apparently you guys really can travel into the future since while the article was posted @ 2:26pm, the watch on my wrist, clock on the wall and on my computer all say 2:22.
Please, tell us your secret oh great ones!
Posted by John Carney , Jul 19, 2007 2:25PM
Nope. You're just living in the past.
Posted by , Jul 19, 2007 2:34PM
why fight over it the guy is like 85yo, just wait it out shari!
Posted by anon , Jul 19, 2007 2:44PM
"...falling out with her volatile chairman father...acrimony seems to be the product of disagreements on the future of Viacom’s National Amusements theater chain ... bought out Sumner’s son Brent’s stake as part of a law suit settlement..."
What kind of family is this?
Posted by Booya Shakka , Jul 19, 2007 2:51PM
I think you're forgetting an even more important story. Shari Redstone is borderline do-able, which begs the question, would you fake it for the money?
Posted by , Jul 19, 2007 2:51PM
media family. they are all messed up
Posted by jt , Jul 19, 2007 2:56PM
shari would be border-line doable after maybe 7 shots of whiskey...the real question is who is the brunette on sumner's right side? (you know, the one who actually IS doable)
Posted by Zbignew , Jul 19, 2007 2:58PM
Shari's not the one with the tits, then?
Posted by Booya Shakka , Jul 19, 2007 3:07PM
Oh you only wish I meant the young one...
Posted by chester , Jul 19, 2007 3:21PM
I know this hick from Vermont named Tom who claims his pops grew up with Sumner and they are homies. Perhaps this hick will be the chosen one.
Posted by Anon , Jul 19, 2007 3:26PM
In the photo, the chick on the reader's left is one of Sumner's grandaughters. She is do-able. The woman on the reader's right is Sheri. No comment.
Posted by Mokshunamos , Jul 19, 2007 4:16PM
I am shocked and disappointed that a piece about a spoiled J.A.P. was not written by Bess. I thought she was contractually obligated to do these pieces. I shall assume she is working on a piece involving Jimmy Cayne and adult-sized diapers.
Posted by , Jul 19, 2007 4:28PM
fuck you, asshole. bess is no spoiled j.a.p.
Posted by roger , Jul 19, 2007 4:53PM
jt you raise an interesting anomoly of modern civilization. Why do you need 3 clocks in your immediate space (especially if they don't even keep the proper time, but in any case). If I had three crucifixes I carried with me evrywhere I went, people would assume I was a religious nut. What is with the clock worship? Is it coincidental that we are at war with people that don't have time fetishes?
PS- what's an autofellatio room? I think I know what autofellatio is. I would try it but the fear of going blind and crippled at the same time is too much. Anyway I can't quite picture what a room for doing just that would look like. Yes, I'm trailer trash. Is this a city thing like them new bidets?
Posted by jt , Jul 19, 2007 5:13PM
I only reported the time on the 3 clocks that didn't require me to actually move my head away from the computer screen...waddya want its been a really, painfully sloooooow summer over here (and I'm out of addy so that doesn't help)
Posted by , Jul 20, 2007 8:46AM
Kind of sad really.
Posted by , Jul 20, 2007 9:55AM
jt where are you currently working?
Posted by exEmployee , Jul 23, 2007 10:24PM
I worked for these people for over a decade. None of it surprises me!!