shari redstone political contributions

A $300-million (minimum) gondola to Dodger Stadium? He just settled this one. Despite CBS News clout for the weekday broadcasts see Gayle Kings headline-generating March interview with disgraced musician R. Kelly the ratings for mainstays CBS This Morning and CBS Evening News lag behind the competition. He refers to himself a "liberal Democrat . The price to earnings ratio is 7. The two men who act as co-chief operating officers of Viacom, Leslie Moonves and Thomas Freston, also favor Democrats. $50. She finally won. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used. and other data for a number of reasons, such as keeping FT Sites reliable and secure, You can only have so many alphas in one room, she said. The Wide Shot brings you news, analysis and insights on everything from streaming wars to production and what it all means for the future. New CNN Show Won't Be Political, Hosts . 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Despite their political differences, employees at National Amusements seem to be happy. At the height of the conflict when the patriarch was well into his 80s and still a Hollywood force Mr. Redstone tried to buy out his daughter and publicly stated that she was not qualified to lead National Amusements, the parent company of Viacom and CBS, which he had inherited from his father and built into a giant. Shari Ellin Redstone (born April 14, 1954) is an American media executive. [12][13][14], In 2007, Redstone and her father feuded publicly over issues of corporate governance and the future of the cinema chain. The ups and downs were complicated by his illness and his tabloid-fodder private life. August 16, 2019. CBS trails far enough behind to be a relative afterthought. Even if you wanted to sabotage the company, it would be hard to do more damage than [previous management] did.. Key Points. Herzer sued, claiming Redstone had lost his mental capacity. In February 2017, Shari Redstone, the 62-year-old billionaire heiress and controlling shareholder of CBS and Viacom, with a honking Boston accent and a fondness for the bouffant blowout, was at. Its clear hes a major donor to the Democratic Party.. Other Democratic-leaning donors on the Viacom board include: two Boston attorneys, George Abrams and David Andelman; a Manhattan investor, Philippe Dauman; the chairman of Bear Stearns, Alan Greenberg; a law professor at Yeshiva University, William Schwartz, and the president of the Bill & Melinda Gates Foundation, Patricia Stonesifer. Shari Redstone continues today to send fraudulent communications purporting to be sent by Sumner, a man who cannot speak, write, read, or take care of himself, according to Herzers complaint. She's now ready to close . imagine this as a "let me see your hands " moment for the . Shari has been pretty adamant about this combination, said Daniel A. Lyons, a professor at Boston College Law School. that brings together some of the most influential people in Hollywood to honor individuals who have made significant contributions to the entertainment industry and to society as a whole. He communicates partly through an iPad programmed with his voice with, reportedly, three responses: yes, no, and fuck you. In the midst of closing a merger between CBS and Viacom, Shari Redstone is quietly exploring a plan to launch a conservative TV outlet meant to square off with the Fox News Channel, The Hollywood Reporter has learned. Meanwhile, non-Redstone CBS investors dont like the deal one bit. Redstone has approached current and former Fox News personalities about such a plan, sources say, and she has spoken with former NBC News host Megyn Kelly. . Sumner Redstone died Tuesday at age 97, National Amusements said in a statement Wednesday. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. She also pursued a degree in social work after volunteering at a trauma center for abused children. As she cared for him in the mansion, he communicated through an iPad that was configured with three replies: yes, no and an unprintable term he used to express affection. Will Shari Redstone Find A Buyer For A Combined CBS-Viacom? Both were lawyers before they embarked on second careers in media, and their fine-print skills served them well as they worked out multibillion-dollar agreements on era-defining mergers and acquisitions. 2023 Forbes Media LLC. All Rights Reserved. In a prelude to the difficulties to come, the father and daughter had a disagreement over the worth of the company behind Mortal Kombat, a video game that pits opponents against each other in anything-goes combat. Look at totals and trends, and see how candidates and committees raise and spend money. An official website of the United States government. She has, after all, threatened to replace recalcitrant members of the CBS board with directors who support her. Before she joined the family business, Ms. Redstone went to law school at Boston University, got married, raised three children, baked cookies and worked as a criminal defense lawyer at a small Boston firm. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. The next year, the succession tussle went public when Mr. Redstone told a reporter that he wanted the CBS and Viacom boards to choose his successor. 2023 The New York Sun Company, LLC. For good measure, he said she isnt qualified to fill his shoes. Given how far she has already come in reversing her fathers desire to keep her away from the oversight of CBS and Viacom, Shari may be willing to sacrifice that demand in order to get Moonvess support. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Before that, she was the vice-chairperson of Viacom and CBS Corporation. You may occasionally receive promotional content from the Los Angeles Times. Viacom, first under Philippe Dauman and now Bob Bakish, has floundered, especially as children and young adults have reduced their viewership of Nickelodeon, MTV, and Comedy Central, three of its most well-known cable channels, or cut the cord entirely. 2023 The Hollywood Reporter, LLC. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The future of Viacom and its film studio, Paramount, hinge on the battle between Shari Redstone and Philippe Dauman for control of Sumner Redstones trust, (Photo credit by Frazer Harrison/Getty Images) In a Los Angeles court today, a judge dismissed the lawsuit that challenged billionaire Sumner Redstone's mental capacity to make healthcare decisions. Ms. Redstone did not wither. Tyler, 34 . If lower growth and sticky inflation hang around, ways to grow your portfolio or at least stretch it become even more important. . In more than 50 years as a force in the media industry, Sumner M. Redstone clashed with his only son, his nephew, his wife, his romantic partners, his business rivals and the actor Tom Cruise. But Shari Redstone has managed to hang on to her 20% stake in the family business. She also is a director of NAI. Eleven of the 14 board members supported a proposal to issue a dividend that would dilute Shari Redstone's controlling stake in the broadcaster. Talks spanned months and culminated Tuesday with the all-stock deal that the two companies believe will be completed by the end of the year. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Theres substantial risk to a major business operation for which they have ultimate oversight and responsibility.. By Todd Williamson/Invision/AP/REX/Shutterstock. Todd Williamson/Invision, via Associated Press. During a low point in 2015, Ms. Redstone wrote in an email to her son that your grandfather says I will be chair over his dead body.. In early 2018, Redstone again tried to get CBS to entertain the Viacom merger. Shari Redstone is board chair. -. Behind the scenes, Redstone was instrumental in refreshing the CBS board by bouncing veterans who were friends of her fathers. Currently, she serves as the chairperson of ViacomCBS after she oversaw the merging of CBS and Viacom Inc in 2019. The main trust owns controlling shares in National Amusements, which in turn controls about 80 percent of. degree in 1978 and her LL.M. Tragically, it is likely that no one will hear from Sumner ever again and that Shari will only give up this charade once [Sumner] passes away and she receives his 80 percent control of [National Amusements]or, on other words, only when she achieves, contrary to Sumners well-documented wishes, complete ownership and control over CBS and Viacom, the goal she has had in mind all along., 2023 Cond Nast. 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