Muckety

More upheaval in Sumner Redstone’s life

By Laurie Bennett

October 22, 2008 at 11:18am

Tumult surrounds Sumner Redstone these days, and the least of it may be his pending divorce.

Redstone, 85, filed for divorce Friday from his wife, 46-year-old Paula Fortunato Redstone. The two, who married five years ago, have a settlement agreement, AP reports.

View large map  |  View static map  |  Put this map on your blog |  License Muckety technology

Forbes last month estimated Redstone’s worth at $5.1 billion, an amount that has likely dropped with the financial crisis.

Sumner Redstone
Sumner Redstone

Redstone last week was forced to sell $233 million worth of CBS and Viacom stock to meet financing requirements of a $1.6 billion loan to his theater chain, National Amusements.

His daughter Shari, who heads National Amusements, followed up with a statement saying the business wasn’t to blame for the stock sale.

The Wall Street Journal reported that Shari Redstone was sensitive to criticism from her father, who is said to differ with her over the future of movie theaters.

Sumner Redstone told CNBC today that negotiations for refinancing the loan were progressing. He said he would not sell any more Viacom or CBS stock.

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

Related stories on Muckety
This post is tagged with: , , ,
 Read related stories: Business  

0 Comments

  • There are no comments yet, be the first by filling in the form below.

Leave a Comment
The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.


Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2009 Muckety LLC