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Shari Redstone

FB Roundup: Bertelsmann, Bombardier, Walmart

December 12, 2020

Bertelsmann books Simon & Schuster for $2.175 billion, Bombardier private jet sales soar in the coronavirus age, Walmart offers to give Covid-19 vaccinations.

Bertelsmann books Simon & Schuster for $2.175 billion

German media family business Bertelsmann has acquired publishing house Simon & Schuster for $2.175 billion from the US Redstone-family-owned media company ViacomCBS.

Bertelsmann, the international media, services and education company, said it was further expanding its global content businesses in the US, its second-largest market, with the deal for the publisher of Hillary Clinton, John Irving, Stephen King and Bob Woodward.

FB Roundup: CBS, Hermès, and Grosvenor

September 14, 2018

Moonves departure ends CBS/Viacom legal battle, Hermès share price rockets after strong half-year performance, and Grosvenor to build 30,000 homes by 2023.

Moonves departure ends CBS/Viacom legal battle

The long-running legal battle over the fate of US media groups CBS and Viacom has ended with the ousting of CBS chairman Les Moonves.

Moonves (68), a 24-year veteran of the US media companies controlled by the Redstone family, departed as chairman, president and chief executive following multiple allegations of sexual misconduct. He denies the allegations.

Fast forward: Top 50 family business leaders 2017

November 6, 2017

Fast-growing companies are what get economies moving and this year more than 70% of the leaders in our Top 50 list are from expanding new companies we have never featured. Read on about the leaders getting their family businesses going in the right direction

The Top 10 family business issues in 2016

December 28, 2016

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Away from politics, in 2016 many family enterprises have been wrangling with the ever-present challenge of succession or exploring artificial intelligence, while we farewell Mars family patriarch Forrest E. Mars Jr. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

Tension over succession brews at third-gen media empire Viacom

February 5, 2016

National Amusements third-gen Shari Redstone was the only vote from the board of directors at Viacom, her family’s media empire, opposing the appointment of Philippe Dauman as chairman on Thursday.

National Amusements third-gen Shari Redstone was the only vote from the board of directors at Viacom, her family’s media empire, opposing the appointment of Philippe Dauman as chairman on Thursday.

Her father, Sumner Redstone, 92, announced his retirement on Thursday. He had announced his retirement as chairman of the family’s other media empire CBS on Wednesday, where he will be replaced by its existing CEO and president Leslie Moonves.

Sumner Redstone’s expected resignation from family empire could create leadership battle

February 4, 2016

Sumner Redstone’s expected resignation from family media empire Viacom today could unleash a succession battle between its non-family chief executive and his daughter, Shari, who has released a pointed statement about leadership at the company.

Nonagenarian Redstone, 92, announced his retirement as chairman of the family’s other media empire CBS yesterday, where he will be replaced by its existing CEO and president Leslie Moonves.

Viacom’s Sumner Redstone, 91, hits back at succession planning rumours

May 8, 2015

Nonagenarian Viacom and CBS chairman Sumner Redstone has been forced to release a statement that he has no plans to retire, following media speculation he is in poor health.

Nonagenarian Viacom and CBS chairman Sumner Redstone has been forced to release a statement that he has no plans to retire, following media speculation he is in poor health.

Redstone added that despite press reports to the contrary, no decision on his successor had been made.

Shari Redstone buys Russian theatre operations from family business

January 8, 2010

Shari Redstone, daughter of media mogul Sumner Redstone and president of the family-owned National Amusements, agreed to buy a chain of Russia-based theatres owned by National Amusements.

Shari agreed to buy Rising Star Media, the company she co-founded in 2002, with fellow co-founder Paul Heath for an as yet undisclosed amount. Shari will serve as chairman of the newly independent business, which owns the top five grossing theatres in Russia.

Redstone's National Amusements to sell stocks to reduce debt

October 15, 2009

National Amusements Inc, the family-controlled cinema and broadcasting company, announced today it is to sell $945 million worth of stocks in order to repay all of its existing debts.

Sumner Redstone in court again over family feud

July 31, 2009

Sumner Redstone, head of family-owned company National Amusements, has been in court this week over claims he owes millions of dollars to his nephew, Michael, after a share sale in 1984.