Washington, United States.
The American Tycoon Sumner Redstone, who built an empire of media what includes ViacomCBS, He died Tuesday at the age of 97, his companies announced Wednesday.
ViacomCBS and its group National Amusements they announced that Redstone, whose health had been deteriorating for several years, died Tuesday night.
Redstone built his company from a modest chain of autocines and maintained his leadership of the firm and prominence in the media industry well into his 80s.
In the 1980s, Redstone engineered a hostile buyout of Viacom, a derivative of the string CBS that he had become a major actor on cable television.
Then acquired Paramount Pictures, one of the main studies of Hollywood; Blockbuster Entertainment, and later led a merger with CBS.
In 2006, Viacom spun off CBS, separating the fastest-growing motion picture operations from the others, but Redstone it maintained control of both through its holding company.
The two firms were reunified last year to become ViacomCBS.
In recent years, Redstone became embroiled in litigation over his mental competence to run businesses, in a story that at times resembled a teleteatro.
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His daughter Shari Redstone effectively controlled the empire with his father in seclusion, but other family members alleged that it was manipulated by her.
His granddaughter Keryn Redstone teamed up with Manuela Herzer, the tycoon’s ex-girlfriend, who had been fighting a battle for him to be declared. incompetent.
At 92, in the midst of that power struggle within the family and the litigation over his mental competence, Redstone resigned as the group’s chief executive and became president emeritus of CBS and Viacom.
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