Viacom (VIA): Sumner Redstone, Lose A Daughter, Gain Some Sense

Investing

Published: July 19, 2007 8:56 am

It appears that Sumner Redstone’s daughter, Sheri, is leaving the Viacom (VIA) board. It was assumed that she would take over once Sumner passed.

Since Sheri appeared to know absolutely nothing about running a media company, perhaps the move will be a relief for shareholders.

The stock is up 6% on the news.

Now if Sumner would only leave. They could put Tom Cruise in charge

Douglas A. McIntyre

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