Shari Redstone moved decisively to secure her father Sumner’s media empire when infirmity struck the nonagenarian. With his death this week, she’ll have a free hand to lead ViacomCBS Inc. or dismantle it.
Sumner Redstone’s passing at age 97 hands his 80% voting interest in National Amusements Inc. -- the family holding company -- to a trust with seven trustees. Sumner and his ex-wife Phyllis leave their positions atop the trust, and Shari and her son Tyler Korff replace them. Shari, 66, also controls the remaining 20% of National Amusements.
Photographer: Martina Albertazzi/Bloomberg
The mogul’s death doesn’t signal a change in ...