- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Twilight, Inc., A Worldwide Craze
- Oprah to Leave Syndication in 2011
- Sony's E-Reader Shortage and the Digital Book Battle
- Salesforce.com Brings Facebook and Twitter's Social Capabilities to Businesses
- Sumner Redstone's Companies Face Off Yet Again
- Can YouTube Revolutionize Citizen Journalism?
- What MGM's Sale Could Say About Value of Content
More Videos
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Twilight, Inc., A Worldwide Craze
- Oprah to Leave Syndication in 2011
- Sony's E-Reader Shortage and the Digital Book Battle
- Salesforce.com Brings Facebook and Twitter's Social Capabilities to Businesses
- Sumner Redstone's Companies Face Off Yet Again
- Can YouTube Revolutionize Citizen Journalism?
- What MGM's Sale Could Say About Value of Content
RSS FEED
MOST SHARED
- Garlic Price Rises Surpass Gold, Stocks in China
- New-Home Sales Jump 6.2% To Highest Level in Over Year
- S&P Stocks Trading at New 52-Week Highs
- Where Do Pardoned Turkeys Go?
- The Executive Job Search
- Judge Erases Couple's $525,000 Mortgage Payment
- Salvation Army's Kettles Now Credit Card-Ready
- US Plans to Reduce Emissions By 17% Within Next Ten Years
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Consumer Mood Improves, But Anxiety Over Personal Finances
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- AIG, Ex-CEO Greenberg Reach Pact to Settle Disputes
- Bank of America CEO Search May Extend Into 2010
- 'Cancer of Fraud' Permeates Health Care System: Critics
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Judge Erases Couple's $525,000 Mortgage Payment
- For Many in US, It Will Be a Scaled-Down Holiday Season
- Where Do Pardoned Turkeys Go?
- Jobless Claims Below 500,000, Durable Orders Slip
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
Media Money
Text Size 
 |
AP Sumner Redstone |
But the holidays always come with plenty of familial tension and it's only heightened for the Redstone clan this year. Sumner and his daughter Shari, who runs National Amusements, are clashing about what to do with the theaters.
National Amusements is weighing selling its theater chain to generate the cash to pay its debt, but Shari is opposing the sale of the theaters, pushing Redstone to consider selling other assets. But Redstone has made it clear he's not interested in giving up his voting stake in CBS [CBS
Loading...
()
] or Viacom [VIA
Loading...
()
] . After breaching terms of loans Redstone was forced to sell $233 million in shares of both companies and he vowed he wouldn't sell either companies shares again. Needless to say, this puts father and daughter at loggerheads. And this hasn't been the first time they've fought over the theaters-- daughter has faith in the theaters and wants to expand, the father opposes.
Now that the Redstones got their Christmas wish they're stuck dealing with the lump of coal: how to get themselves out of this deep debt. And getting father and daughter to agree would take a Christmas miracle.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes