Sumner Redstone Is in Need of Some Extra Pocket Change
Turns out he's got a fairly sizable loan coming due at the end of the month.
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Turns out he's got a fairly sizable loan coming due at the end of the month.
The Viacom chairman knows the secret to immortality.
Sumner may be ancient, but he's still as feisty as a 70-year-old.
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But his daughter, Shari, is not pleased with new developments.
Aw. And we thought he was going to Mortal Kombat his way out of this mess.
It's amazing what a little $800 million impending debt payment will eventually do to a man.
Over the past 25 years, Redstone's sunk an estimated $700 million into Midway Games, the company responsible for Mortal Kombat.
After years of trying to position himself as a rival to Murdoch, Redstone's getting what he asked for.
He won't sell off any more shares of CBS or Viacom despite serious oncoming debt deadlines.
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