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