Freston Firing Cost Redstone $113M; Freston 'Open To Anything'
As the New York Post‘s Tim Arango notes, Tuesday’s firing of Viacom CEO Tom Freston sent Viacom stock falling, and cost Sumner Redstone, at least on paper, roughly $113 million. [See the Post‘s nifty graphic above.]
Meanwhile, Freston is already fielding offers, the Los Angeles Times reports: “I want to get back in,” Freston said. “I’m open to anything.”
UPDATE: As of 4:00PM EST Viacom stock was trading at $34.30 per share, up $.10 — meaning Redstone’s $113 million loss … is still roughly roughly $113 million.
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