Sumner Redstone

(Sumner Murray Redstone)

Sumner Redstone
Sumner Redstone
  • Born: May 27, 1923
  • Nationality: American
  • Profession: Chairman National Amusements, Chairman Emeritus Viacom CBS Corporation

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Sumner Murray Redstone is an American businessman and media magnate. He is the majority owner and chairman of the board of the National Amusements theater chain. Through National Amusements, Redstone and his family are majority voting shareholders of CBS Corporation and Viacom (itself the parent company of Viacom Media Networks, BET Networks, and the film studio Paramount Pictures). According to Forbes, as of September 2015, he was worth US$5 billion.

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I’ve never felt that his private life was the way to judge him. We should judge a president by the way he performs as president. Presidency, Vice Presidency & Prime Ministership
I think we're in the beginning of a bull market. When a bull market begins, nine months later the economy turns around.
It was always tough, but today we are in the throes of something we have never seen in our history. It's clear in recent times the market is looking for a bottom. History
Murdoch paid too much for the Wall Street Journal even when he didn't have any competition.
Sometimes divorce is better than marriage. Families, Children & Parenting
Success is not built on success. It's built on failure. It's built on frustration. Sometimes its built on catastrophe. Failure ;Success
The Internet is a powerful way to make lots of money... But we are not going to buy Yahoo! Money, Coins & Minting ;Science, Mathematics, Engineering & Technology
The newspaper is dying. I'm not sure there will be newspapers and its one business I'd never be in. Business, Commerce & Finance
The reason we have not gone to newspapers is because its a slow growth industry and I think they are dying. I'm not sure there will be newspapers in 10 years. I read newspapers every day. I even read Murdoch's Wall Street Journal.
Viacom's results for the first quarter put the company on a fast track for another record year in 2004.
We need to listen to consumers' needs.
We recognize the need to adapt to a changing competitive environment.
We understand that the real market value of Blockbuster may never be fully realized as a wholly owned part of Viacom.

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