Popular American businessman and Media Mogul Sumner Murray Redstone has died Tuesday night at age 97, as reported by the National Amusements announced Wednesday.
He was 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 ViacomCBS (itself the parent company of CBS, MTV, TV Land, VidCon, Smithsonian Channel, CBS Television Studios, CBS Productions, Showtime Networks, Nickelodeon, Paramount Network, Big Ticket Television, ViacomCBS Domestic Media Networks, ViacomCBS Networks International, Comedy Central, Paramount Pictures, Miramax, CBS Television Stations, Network 10 and TV distributor CBS Television Distribution).
Redstone was formerly the executive chairman of both CBS and Viacom. In February 2016, at age 92, Redstone resigned both chairmanships following a court-ordered examination by a geriatric psychiatrist.
In 2016, forbes rated him at $5bn worth.
May his innovative Soul Rest in Peace.