Sumner Redstone, the billionaire media magnate whose family company controls CBS and Viacom, and whose career spilled over from boardrooms to gossip sheets, has died. He was 97.
Redstone’s health had steadily deteriorated over the past decade before his passing on Tuesday. National Amusements, the media holding company he controlled, confirmed his death in a Wednesday statement.
“Sumner played a critical role in shaping the landscape of the modern media and entertainment industry,” the company said. “With his passing, the media industry he loved so dearly loses one of its great champions. Sumner, a loving father, grandfather and great-grandfather, will be greatly missed by his family who take comfort knowing that his legacy will live on for generations to come.”
Though buffeted in the past decade by physical decline, succession battles and warring ex-girlfriends, Redstone in his day was a business juggernaut and once the richest man in entertainment.
SOURCE: New York Post