National Amusements

Redstone Selling Nearly $1 Billion In Viacom, CBS Stock

Oct 14, 2009 10:30 AM

That was then, this is now. After the “forced” sales of $233 million in Viacom (NYSE: VIA) and CBS shares sent the stocks into a spiral last October, Sumner Redstone promised that National Amusements “has no intention of selling a single share of Viacom or CBS stock”—but he didn’t say…

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Posted In: Companies, CBS, Viacom, national amusements, sumner redstone

Redstone Gets Reprieve To Restructure $800 Million In Debt

Staci D. Kramer

Dec 19, 2008 9:20 AM

No financial Armageddon today for Sumner Redstone, who gets an indefinite reprieve on either paying—not gonna happen—or restructuring some $800 million in debt coming due for National Amusements. The total debt is about $1.6 billion. Redstone owns 80 percent of the company, which owns movie theaters and controls Viacom (NYSE:…

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Posted In: Entertainment, Movies, Money, Companies, CBS, Viacom, national amusements, shari redstone, sumner redstone