Media mogul may have to sell CBS stake, too, to placate bankers
(NEWSER) - With debts threatening to consume his media empire, Sumner Redstone is considering selling his family’s 1,500-screen movie theater chain, the New York Times reports. But even that may not be enough to satisfy his bankers, say people briefed on the negotiations. If things get bad enough, Redstone may be forced to give up his majority stake in CBS or Viacom—and insiders say he’d rather lose the network. More»
