TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Sumner Redstone: From Bad to Worse

Redstone-385_418110a.jpgSumner Redstone is arguably having a worse month than John McCain. First he was forced to sell off $233 million worth of CBS and Viacom shares earlier this month during Wall St.’s catastrophic week — a move which apparently caused an even further rift in the already tenuous relationship Redstone has with his daughter Shari. Then rumors began swirling this week that he may be forced to sell Viacom in its entirety in order to pay off the debt. Not surprisingly Redstone’s response to this was something like “Hell No!”

And now comes word that Redstone and his wife Paula Fortunato are divorcing. The two, who have been married for five years, are citing “irreconcilable differences” and say that the split is amicable. Fortunato, a former school teacher, is almost 40 years Redstone’s junior and is set receive an estimated $5 million in the settlement.

Mediabistro Course

Content Marketing 101

Content Marketing 101Starting September 8, get hands-on content marketing training in Content Marketing 101! Through a series of webcasts, content and marketing experts will teach you the best practices for creating, distributing and measuring the results of your brand's content, including how to develop a content marketing plan, become a content marketing and more. Register now!