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Marketplace Morning Report

Less than zero

Sep 17, 2019
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Final Note

Sumner Redstone resigns as CBS chairman

Kai Ryssdal Feb 3, 2016
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Sumner Redstone, executive chairman of CBS Corporation and Viacom stepped down from his post at CBS on Wednesday. 
Robyn Beck/AFP/Getty Images

This final note on the way out, in which 92-year-old Sumner Redstone finally moves on. CBS announced today that Redstone has resigned as executive chairman.

He’s gonna be replaced by Les Moonves, the president and CEO of CBS.

Redstone owns about 80 percent of CBS and Viacom as well.

He’s been famously reluctant to even discuss handing off control, even as there’ve been questions about his health and his mental capacity.

True story, I interviewed him about 10 years ago so, he was 82-years-old and asked him what was going to happen when he wasn’t around anymore.

He all but jumped over the table and made to strangle me.

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