Redstone: Viacom, CBS Will Never Be Sold

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By Andrew Gauthier Comment

The Hollywood Reporter

Sumner Redstone CBS Corp. and Viacom chairman and controlling shareholder Sumner Redstone reiterated Wednesday that he will never sell Viacom or CBS. Wall Street observers have at times suggested a sale to another entertainment or distribution giant.

“I will never, never sell Viacom or CBS,” Redstone said at the CBS Corp. annual shareholder meeting in New York on Wednesday.

At the event, president and CEO Leslie Moonves was also asked about a possible link-up between CNN and CBS. Although the two companies maintain a good relationship, no larger deal is happening “right now,” he replied. More…

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