Redstone Buys Theaters From Redstone

Sumner Redstone keeps selling off chunks of his National Amusements empire, and today he announced a buyer for some of his Russian movie theaters.

And—surprise—it’s his daughter, Shari, who Mr. Redstone once said had made “little or no contribution” to his corporate empire, though Ms. Redstone is president of National Amusements and a vice chairman of CBS and Viacom. The two later insisted they were mending their relationship, and Ms. Redstone does now seem to be helping her father, who’s trying to get out from under $1.46 billion dollars in debt.

 

 

Redstone Buys Theaters From Redstone