Sumner Redstone Sells Midway Games

That's a rather conservative tie on Obama, wouldn't you say? Photo: Getty Images

Sumner Redstone is now one step further from having to sell off Viacom or CBS now that he’s sold Midway Games, one of the major holdings in his National Amusements group, to investor Mark Thomas. Combined with a potential sale of his 1,500-theater cinema chain, he might just make good on his $800 million end-of-year payment due date. [WSJ]