Sumner Redstone, 97, chairman emeritus of ViacomCBS and CEO of controlling shareholder National Amusements, died Tuesday at his Los Angeles home. He was executive chairman of Viacom’s board for nearly 30 years and was the content company’s CEO from 1996…
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until 2005, said ViacomCBS. FCC Chairman Ajit Pai called Redstone, famous for the quote “content is king,” a “longtime legend.” Redstone was “a brilliant visionary, operator and dealmaker, who single-handedly transformed a family-owned drive-in theater company into a global media portfolio,” said ViacomCBS CEO Bob Bakish. Survivors include his two children.