Sumner Redstone will own less of Viacom Inc. (NYSE:VIA), but his influence on the media giant will continue.
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VIACOM
Viacom, Inc. operates as an entertainment content company. It is an American media conglomerate with various worldwide interests in cable and satellite television networks (MTV Networks and BET), and movie production and distribution (the Paramount Pictures and DreamWorks movie studios). Currently, Sumner Redstone is chairman of Viacom and, through National Amusements, the majority shareholder.
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© Thomson Reuters 2008 All rights reserved
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