The King of Content

Sumner Redstone’s Battle for Viacom, CBS, and Everlasting Control of His Media Empire

Description

The remarkable story of Sumner Redstone, his family legacy, and the battles for all he controlled.

Sumner Murray Redstone (1923–2020), who lived by the credo "content is king," leveraged his father’s chain of drive-in movie theaters into one of the world’s greatest media empires through a series of audacious takeovers designed to ensure his permanent control. Over the course of this meteoric rise, he made his share of enemies and feuded with nearly every member of his family.

In The King of Content, Keach Hagey deconstructs Redstone’s rise from Boston’s West End through Harvard Law School to the highest echelons of American business. The ninety-seven-year-old mogul’s life became a tabloid soap opera, the center of acrimonious legal battles throughout his vast holdings, which included Paramount Pictures and two of the largest public media companies, Viacom and CBS. At the heart of these lawsuits was Redstone’s tumultuous love life and complicated relationship with his children. Redstone’s daughter, Shari, has emerged as his de facto successor, but only after she ousted his closest confidant in a fierce power struggle.

Yet Redstone’s assets face an existential threat that goes beyond his family, disgruntled ex-girlfriends, or even the management of his companies: the changing nature of media consumption. As more and more people cut their cable cords, CBS, with its focus on sports and broadcast TV, has held steady, while Viacom, with its once-great cable channels like MTV and Nickelodeon, has suffered a precipitous fall. As their rivals merge, the question is whether Shari’s push to undo her father’s last big strategic maneuver and recombine CBS and Viacom will be enough to shore up their future.

A biography and corporate whodunit filled with surprising details, The King of Content investigates Redstone’s impact on business and popular culture, as well as the family feuds, corporate battles, and questionable alliances that go back decades—all laid bare in this authoritative book.


How did one man build a global media empire from scratch, and what will it take for his legacy to survive the battles from both inside and outside the boardroom?


  • A Media Empire’s Origin Story: Follow Redstone’s audacious journey from his father’s drive-in movie theaters to the audacious takeovers of Hollywood giants like Paramount Pictures, Viacom, and CBS.
  • Explosive Family Feuds: Delve into the litigious and deeply personal conflicts that pitted Sumner against nearly every member of his family, including the dramatic rise of his daughter, Shari Redstone.
  • High-Stakes Boardroom Drama: Go behind the scenes of the acrimonious lawsuits and fierce power struggles that defined his reign and shaped the modern media landscape.
  • An Industry in Turmoil: Uncover the existential threat facing Redstone’s assets as cord-cutting and new technology challenge the very foundation of the "content is king" philosophy.

About the author(s)

Keach Hagey is a reporter at the Wall Street Journal, covering television and large media companies. Her team’s reporting on the power struggle at Viacom won a “Best in Business” award from the Society of American Business Editors and Writers. Previously, she covered media for Politico, the National, CBSNews.com, and the Village Voice. She lives in Irvington, New York.

Reviews

“The power struggles that have surrounded Viacom and CBS are like the background noise of the business news pages -- seemingly always there, yet somehow not rising to attention unless you’re closely listening for it. Yet it is an epic story that takes a book to examine, one filled with legal conflicts, boardroom battles, angry ex-girlfriends, family drama and a 95-year-old media mogul whose health, Hagey wrote in April in the Wall Street Journal, where she is a reporter, “has declined so significantly he cannot speak much beyond grunts.” It also promises more than just the tabloid soap opera business story, but a look at how much media consumption and its industry is changing.” - Washington Post

“I heartily recommend the colorful and rip-roaring life of Sumner Redstone...Hagey does an astute, energetic tale of how Redstone, about whom I wrote many articles for Forbes magazine, took a tiny drive-in movie theater company into highly profitable trades in publicly owned movie studio companies and then late in his business life, fought the battles that brought him control of Viacom, Paramount Studios and CBS, one of the largest media and entertainment complexes in the nation.”


- Forbes

Hagey weaves together a narrative that holds the reader’s attention and that is buttressed by astonishing reporting. I always thought Sumner was not an immediate candidate for heaven, and she doesn’t disabuse me of this. But the level of greed and cowardice and perfidy of the supporting cast was unimaginable, at least by me. - Ken Auletta

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