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redstone family

December 3, 2009

Sumner Redstone, the 86-year-old head of family-owned National Amusements, has triumphed in the latest Redstone family feud to end up in the courtroom.

Sumner Redstone, the 86-year-old head of family-owned National Amusements, has triumphed in the latest Redstone family feud to end up in the courtroom.
 
Michael Redstone, Sumner's nephew, claimed he was owed millions of dollars by the family business after a share sale in 1984. However, after a trial which saw Sumner, Michael and various other family members testify, the Massachusetts Superior Court ruled against Michael and in favour of Sumner and his cinema and broadcasting company.
 

October 15, 2009

National Amusements Inc, the family-controlled cinema and broadcasting company, announced today it is to sell $945 million worth of stocks in order to repay all of its existing debts.

National Amusements Inc, the family-controlled cinema and broadcasting company, announced today it is to sell $945 million worth of stocks in order to repay all of its existing debts.
 

July 31, 2009

Sumner Redstone, head of family-owned company National Amusements, has been in court this week over claims he owes millions of dollars to his nephew, Michael, after a share sale in 1984.

Sumner Redstone, head of family-owned company National Amusements, has been in court this week over claims he owes millions of dollars to his nephew, Michael, after a share sale in 1984.

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