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Her father said she was a lightweight. Now Shari Redstone will run the show at ViacomCBS [Los Angeles Times (CA)]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Just a few years ago, Shari Redstone was on the outs of her family’s far-flung media empire. Her father, Sumner Redstone, once dismissed her publicly as a lightweight who contributed little to the family’s business. Instead, he surrounded himself with younger girlfriends and business cronies. Tensions were so high that he offered her a $1-billion buyout, and she fumed to her son in 2015: “Your grandfather says I will be chair over his dead body.” But on Tuesday the boards of CBS and Viacom agreed to reunite the two Redstone-controlled companies that were torn apart 13 years ago. And they announced that Shari Redstone would become chairwoman of the new entity, ViacomCBS Inc., joining a small sorority of women overseeing a major U.S. company. Under the nearly $12 billion deal , CBS will absorb the smaller Viacom, which owns such brands as MTV, Nickelodeon, Comedy Central and Paramount Pictures. The merger agreement is a triumph for Redstone who has overseen the family’s controlling stak Show less Read more
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