1 posts and columns on NAI

Sumner Redstone: I’m Done Selling CBS, Viacom Shares. I Mean It.

in Media on October 30, 2008 at 6:20 am PT

CBS chairman Sumner Redstone’s message to investors: Don’t worry, I’m done selling shares in my beaten-down media properties. But Redstone, who has already had to sell $233 million worth of CBS and Viacom stock earlier this month, wouldn’t discuss his current debt troubles with analysts during this morning’s earnings call.