Redstone locks in CBS ownership
Billionaire Sumner Redstone will make it difficult for his heirs to sell off media giants CBS and Redstone following his death.
The Redstone family’s National Amusements media group holds 79.8% of Viacom’s voting stock (about 10% of the equity) and 79.5% of the voting stock and 2.4% of the Class B stock of CBS Corporation (9.1% of the equity).
