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Vin Diesel goes off script. The Viacom-CBS dust has settled. But who is Shari Redstone? - Los degree in 1978 and her LL.M. New CNN Show Won't Be Political, Hosts . that brings together some of the most influential people in Hollywood to honor individuals who have made significant contributions to the entertainment industry and to society as a whole. Earlier this decade, two women had ensconced themselves in Sumner Redstones life and he lavished them with gifts valued at $150 million. 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Mr. Redstone ceded his role as executive chairman at Viacom and CBS in early 2016. But she was here, trying to fix these media platforms.. Behind the scenes, Redstone was instrumental in refreshing the CBS board by bouncing veterans who were friends of her fathers. With the $1.6 billion Dominion lawsuit threatening to hobble Fox News, the ink on his divorce to Jerry Hall still wet, and his broken engagement to Ann Lesley Smith even fresher, its been a chaotic 12 months for the 92-year-old conservative media baron. [21] She is also on the board of directors of The National Center on Addiction and Substance Abuse (CASA) at Columbia University[41] and the John F. Kennedy Library Foundation. A period of estrangement between Shari Redstone and her combative father, Sumner Redstone, ended with a reconciliation before his death and the daughter taking over the family empire. A native of Wyoming, she is a graduate of the University of Colorado and Columbia University. Shari Redstone was born in Washington, D.C. in April . Inside Shari Redstone's Twisted Plot to Breed Viacom and CBS Tensions were so high that he offered her a $1-billion buyout, and she fumed to her son in 2015: Your grandfather says I will be chair over his dead body.. Redstone plays her personal politics close to the vest but shortly after Trumps election shetoldTHR, Hes always been very good to me and a tremendous supporter of me personally.. [7] Through National Amusements, Redstone and her family are majority owners of CBS, Comedy Central, BET, Showtime Networks, Nickelodeon, MTV and the film studio Paramount Pictures. Though Shari Redstone is eager to sell a combined CBS-Viacom, finding a buyer may not be easy. and attorneys fees under ECPA, according to the filing. Receipts are updated as theyre processed that time can vary. To revist this article, visit My Profile, then View saved stories. In an email to that donor, Redstone was described as "a 501(c)4 political organization formed specifically to influence the election in NY-03," and the donor was told that should he decide to . SpaceX used wildlife preserve as dumping ground for space waste, lawsuit alleges, Philippe Daumans plan to sell Paramount Pictures, Writers strike: Whats at stake and how it could disrupt Hollywood, Writers Guild and studios continue talks, but deal remains elusive as possible strike looms, Oppenheimer wows. The Redstone family investment firm, National Amusements Inc., controls nearly 80% of CBS' and Viacom's voting shares. Key Points. cookies Do Not Sell or Share My Personal Information, Musk said hed never settle an unjust legal case against him. Sumner and Shari E. Redstone in 2012. Redstones handpicked lieutenant, Bob Bakish, will oversee the new ViacomCBS as chief executive. [21], On February 3, 2016, her father resigned as CBS executive chairman after questions arose about his mental competency. Moonves vs. Redstone: Inside the Poisonous War for Control of CBS and Viacoms chairman and chief executive, Sumner Redstone, is a self-described liberal Democrat and a prolific donor to Democratic campaigns. Redstone, as board chair, joins an elite group of women. xMHa$T&R+SeL b}wg-E"u.VDNC:DuE^";cT03y| URcE4`vztLUF\)s:k-iYj6|vP4*wd>,y4!7CN-lCTS3q";-E#+c> v=S79@`mvUl5`P=Gj)kP*}6 ~^/~.~a2 In early 2018, Redstone again tried to get CBS to entertain the Viacom merger. 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Shari Redstone is a media executive with wide-ranging experience in the entertainment industry and related ventures. You look at Sumner Redstones political contributions, said Cliff Kincaid of the conservative press watchdog group Accuracy in Media. there is nothing more to be said. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used. One response to "Sun Valley 2022 Guest List Includes Elon Musk, Shari Redstone, David Zaslav, Anderson Cooper (EXCLUSIVE)". $35. Women in entertainmentfrom ViacomCBS Inc. chairwoman Shari Redstone to singer Beyonc and morecomprise 14 spots on our 2019 list of the world's 100 most powerful women. President Trump yet again berated 60 Minutes for its coverage of the Covid-19 pandemic. Shari obtained her 20 percent interest in National Amusements through a 2002 divorce agreement with Sumners first wife and her mother, Phyllis. Redstone practiced corporate law, estate planning and criminal law in the Boston area before joining National Amusements. Shari Redstone faced down industry doubts and her father's public statements that he did not see her as capable of taking over the empire. Scarlett Johansson. The reunion of CBS and Viacom to be known as ViacomCBS "is a victory for Ms. Redstone, the leader of a family business that has led the two media giants for two decades," Lee wrote . They shared an iron will that helped Ms. Redstone to succeed her father. Viacom has faced headwinds in the transforming media environment as Redstone worked to wrest control from former chairman Philippe Dauman and then to push through a merger with CBS. Redstone, the daughter of media mogul Sumner Redstone, is chairwoman of media empire ViacomCBS. Shari Redstone's $30 Billion Triumph at CBS and Viacom - Intelligencer In this particular case, because of the personalities involved and the issue, its like the elephant in the tent, he said. The future of Viacom and its film studio, Paramount, hinge on the battle between Shari Redstone and Philippe Dauman for control of Sumner Redstones trust, (Photo credit by Frazer Harrison/Getty Images) In a Los Angeles court today, a judge dismissed the lawsuit that challenged billionaire Sumner Redstone's mental capacity to make healthcare decisions. Redstone holds the remaining 20 percent of National Amusements through a separate trust. In the past six years, Mr. Redstone has given $50,000 to Democratic campaigns and party committees, according to filings with the Federal Election Commission. Herzer and her legion of lawyers have now brought the same fanciful claims in probate court (twice), California state court, New York state court, and federal district court [in California], Klieger recently told the New York Post. In 2020, Redstone was named on Time's list of the 100 most influential people in the world,[8] and in 2022, to Forbes' list of the World's 100 Most Powerful Women.[9]. stream 4 0 obj The two-year period in which the transaction was reported. There's made-for-reality TV drama of Sumner Redstone romantic affairs to the behind-the-scenes politics of CBS and Viacom's boardrooms politics that as a consumer I realized affected all of us.. Experts in corporate governance say the directors of CBSs parent company, Viacom, are obliged to assume some role in resolving the fiasco over CBS Newss use of what appear to be fake documents about President Bushs military record. According to insiders, Redstone could rebrand one of the existing Viacom channels and presumably would insulate CBS News from the new offering. The Hollywood Reporter is a part of Penske Media Corporation. The main trust owns controlling shares in National Amusements, which in turn controls about 80 percent of the voting rights in ViacomCBS, the company that resulted from a 2019 merger led by Ms. Redstone. Most referred questions to a Viacom spokesman, Carl Folta. The two reconciled in recent years as his health declined. Two other members of the board, Joseph Califano and William Cohen, held cabinet posts under Democratic presidents. Before that, she was the vice-chairperson of Viacom and CBS Corporation. Mr. Cohen, the former Republican senator from Maine and secretary of defense under President Clinton, has made modest donations to a few GOP candidates. Sources familiar with the pending merger of CBS and Viacom have said that majority owner Shari Redstone is eyeing a possible channel dedicated to conservative news, a move that could mean a . Receipts are reported periodically, according to the filer's reporting schedule. She sits on the local advisory board and executive committee for BUILD, a nonprofit organization that uses entrepreneurship to propel low income youth through high school and into college. offers FT membership to read for free. But within a few months, the court fight in Delaware was eclipsed by a scandal engulfing Moonves, who had run CBS since the 2006 split. Theyve never gone against my wishes. In June 2014, Shari acknowledged this ongoing antipathy. THR has learned that Pluto, which Viacom acquired in March for $340 million, is about to launch an as-yet-unannounced streaming conservative news and opinion channel. After fighting off two of the most powerful men in Hollywood Mr Moonves and her own father . She finally won. /F4.1 12 0 R /F2.0 9 0 R /F3.0 10 0 R >> >> In 2014, as it was later revealed, Sumner tried to buy. Hace slo unos aos, Shari Redstone estaba al margen del imperio meditico de su familia. Political Affiliations of Viacom Board Could Impact CBS Case But in an e-mail to her children, she wrote that she would not sign the releases against the whores who will be grieving his loss . [24], On February 4, 2016, against Shari Redstone's desires,[25][26][27] Viacom's board of directors named Philippe Dauman, already the CEO and president, the chairman, replacing Sumner Redstone. But on Tuesday the boards of CBS and Viacom agreed to reunite the two Redstone-controlled companies that were torn apart 13 years ago. He invested in programming and made acquisitions to broaden Viacoms reach. stream In 2015, Vanity Fair published an article on Ms. Herzer and another of Mr. Redstones late-life paramours, Sidney Holland. In an additional 14% of those S&P 100 firms, a woman was lead director another key board post. A month later, Sumner Redstone had his other former companion, Manuela Herzer, escorted from his Beverly Park mansion. CBS trails far enough behind to be a relative afterthought. Shari, daughter of ailing 94-year-old empire builder Sumner Redstone, insists that Viacom and CBS must merge, an idea that once would have held great appeal for Moonves assuming he would be in . Shari Redstone Net Worth | Celebrity Net Worth Shari Redstone is emerging from the long shadow of her larger-than-life father, Sumner Redstone. She's now ready to close . {xO$S]%&7g>r=g8` The top three on the list are all Democratic donors. I am so proud to be his daughter and I will miss him always.. Media Exec Shari Redstone Selling $2.25M Massachusetts Mansion Donor Lookup OpenSecrets Ms. Redstone did not wither. He called his daughter a credible candidate, while also floating the notion of buying her out. For the past couple of decades, when media exec Shari Redstone came home, she'd relax in a sprawling mansion in Westwood, MA. We need more women in leadership positions.. |iuRH4h?Z&Su}Yc_c^ |[x=fC#yP6)Y3O3$z.7YUD6F(rx+Kq2*XWJ.M|2>=Fur2` . On March 21, another large CBS shareholder wrote in a widely circulated, anonymous letter that coming to the rescue of a weakly positioned, poorly executing, over-levered Viacom is not CBSs burden. The sentiment among CBS shareholders seems best summed up by Todd Juenger, the media analyst at AllianceBernstein, who wrote recently, that the defining question for investors is if CBS were an independent entity, not controlled by the Redstones, would it be pursuing a bid for Viacom? If you believe, like we do, Juenger wrote, the answer to that question is absolutely not, then how hard do you want to work to try and convince yourself this is good for CBS shareholders?. Official websites use .gov At Viacom, we just dont get involved in the news division.. But some on CBS board were wary. In a September 2014 e-mail to Tyler, Shari wrote about why she rejected the $1 billion offer: Why would I ever give [Sumner] his dying wish of peace when he never gave me any peace during my whole life. She wrote her daughter, in October 2014, after she had called her grandfather, I cant believe you keep calling him when he could not make it any clearer that all of us could drop dead and it would be the happiest day of his life. That same day, to all of her children, Shari wrote, It could be [sic] not be more clear that the only people in the entire world who your grandfather doesnt care about, and [in] fact is willing to hurt, damage, and destroy are the four of us., In a January 2015 letter, Sumner asked his daughter to sign releases agreeing that she would not sue either Herzer or Sydney Hollandanother live-in girlfriendafter his death. Redstone is the daughter of Phyllis Gloria Raphael and Sumner Redstone, and the sister of Brent Redstone. When the moment arrived Tuesday, she was already sitting on the throne. Please try searching for a donor or recipient name. % Simply log into Settings & Account and select "Cancel" on the right-hand side. << /ProcSet [ /PDF /Text ] /ColorSpace << /Cs1 7 0 R >> /Font << /F1.0 8 0 R CBS first offered Viacom shareholders an exchange ratio of .55 a CBS share for each Viacom sharean offer worth around $11 billion today. By then, a new combatant had entered the fray: Brent Redstone, Shari Redstones brother, who sued their father in 2006, seeking to break up National Amusements while claiming that he had been cast aside in favor of his sister.