Sumner's discontent

28 January 2009 | 8:57 - By Stefano Boscutti

At 85, the besieged media magnate is drinking, trashing his rivals (and employees), fighting with his daughter, and dissing the CBS board.

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His company's stock is diving, the debt is mounting, and the legendary 85-year-old chairman of Viacom and CBS may now be forced to sell off chunks of his media empire. But even more painful for Sumner Redstone may be the rift dividing his family. The tale of a latter-day King Lear.

http://www.portfolio.com/executives/features/2009/01/07/Sumner-Redstone-and-Viacom-Losses

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About this Blog

New New Media looks at how our mediascape is exploding to bits. How the latest technology and the internet are changing the way we live, work and play. How the latest media is shaping us all.

Stefano Boscutti is an executive creative director and strategist. He's like a better looking version of Todd Sampson. He also has an abiding faith that stories and wordplay (and not powerpoint presentations) will change the world.

 
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