Redstone passes at 97

Sumner Redstone, the US billionaire media tycoon, has died aged 97.

For nearly 30 years, Redstone led Viacom as Executive Chairman of the Board following National Amusements’s acquisition of a controlling stake in the company in 1987. He also held the position of CEO from 1996 until 2005, during which time Viacom merged with CBS Corporation in 2000. Upon the separation of the two companies in December 2005, Redstone served as Executive Chairman of the Boards of CBS and Viacom. In February 2016, Redstone assumed the role of Chairman Emeritus for both companies.

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