Talks were ongoing but collapsed when CBS management feared that she was trying to remove Moonves allies on the board. Shari Redstone Already Held Reins of Family Business Before Her - WSJ The investor community still seems to think that the right move could be to just . Moonves, on the other hand, supports his handpicked successor Joseph Ianniello. Fox News mints money for owner Fox Corp. and the Murdoch family, estimated at north of $1 billion in profit annually. [20] She was also a co-chairman of MovieTickets.com (before being sold to Fandango Media in 2017),[21] Inc. and is a member of the Board of Directors and Executive Committee for the National Association of Theatre Owners (NATO). Redstone holds the remaining 20 percent of National Amusements through a separate trust. The Sleazy, Slimy Drama Behind the Redstone Succession Fight - Daily Beast A native of Wyoming, she is a graduate of the University of Colorado and Columbia University. Leadership | Paramount He gave the maximum $2,000 to Mr. Kerry's presidential campaign and supported Vice President Gore's 2000 presidential bid as well. Shari Redstone Net Worth | Celebrity Net Worth The ups and downs were complicated by his illness and his tabloid-fodder private life. Shari has been pretty adamant about this combination, said Daniel A. Lyons, a professor at Boston College Law School. In the last three years, she has proved herself as a worthy successor to her 96-year-old father, known for his stubborn streak and ability to outlast opponents. [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. Also known as a campaign committee. August 16, 2019. Shari Redstone takes on media industry after CBS victory 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. [30] In January 2021, a Delaware judge said former CBS shareholders could sue Shari Redstone for pressuring the company to enter the merger,[31] and in 2022, Redstone and Viacom sued a group of insurers for refusing to cover legal bills incurred by the court battle. But Shari Redstone has managed to hang on to her 20% stake in the family business. $100. Everybody wants Fox News money, but nobody wants to destroy their [existing] news brand, a source says.

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