Latest Sumner Redstone News

Mogul Sumner Redstone settles lawsuits with ex-girlfriend

Jan. 8, 2019 4:16 PM EST

LOS ANGELES (AP) — Ailing 95-year-old media mogul Sumner Redstone has settled a series of lawsuits pitting him against his ex-girlfriend days before a trial was set to begin, his attorney said Tuesday. Manuela Herzer will return $3.25 million that Redstone, who is the majority shareholder of CBS and...

With new board in place, CBS to decide Moonves' exit pay

Dec. 11, 2018 5:46 PM EST

NEW YORK (AP) — The newly elected CBS board faces daunting tasks: deciding whether former CEO Les Moonves gets a $120 million exit package following a sexual-misconduct investigation and charting a path for CBS to recover after the scandal. CBS shareholders ratified the 11 board members, including six new...