115. Sum­ner Red­stone

Forbes - - PROMOTION — DAN FRANCIS -

Red­stone re­mains the con­trol­ling share­holder of the be­lea­guered me­dia gi­ant Vi­a­com and CBS, de­spite a 2016 marred by board­room and court­room dra­mas. Vi­a­com’s stock is trad­ing at its low­est since 2010 amid shrink­ing TV view­er­ship and de­clin­ing ad rev­enues. His fa­ther founded the cinema chain now known as Na­tional Amuse­ments in 1936; Red­stone took over in 1954. He ac­quired con­trol of Vi­a­com in 1987 and spun off CBS in 2006. While a stu­dent at Har­vard dur­ing World War II, Red­stone was se­lected by a Ja­panese his­tory pro­fes­sor to help break Ja­pan’s mil­i­tary and diplo­matic codes. He later lec­tured at Har­vard Law School, Bran­deis and Bos­ton Univer­sity School of Law, where he taught one of the first en­ter­tain­ment law cour­ses.

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