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Sumner Redstone, who made Viacom a global empire, passes away at 97

Redstone, as executive chairman of both Viacom and CBS, had controlled the two companies through privately held National Amusements

Sumner Redstone
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Known for his blunt talk, Boston accent and audacious risk taking, Redstone was in his 60s in 1987 when he bought Viacom for $3.4 billion with mostly borrowed money

Helen Coster | Bloomberg New York
Viacom and CBS Chairman Emeritus Sumner Redstone, the media mogul who took his father's movie theater chain and built it into an empire that included Paramount Pictures, CBS and MTV, has died at 97, ViacomCBS and National Amusements said on Wednesday.
 
Redstone, as executive chairman of both Viacom and CBS, had controlled the two companies through privately held National Amusements. But in his early 90s, the state of Redstone's physical and mental health set off an avalanche of corporate maneuvering over his media holdings that resulted in him stepping down in 2016 as executive chairman of both firms.
 
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