Redstone: Staying Put at 92

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Billionaire Viacom Inc. Chairman Sumner Redstone, 92, has no plans to retire and has made no succession plans. That appears to be increasingly worrisome for shareholders of Viacom Inc. and CBS Corp. since he is chairman of both companies, Yahoo News reports. Each media outlet faces threats from streaming-video services, including Santa Monica’s Hulu and Netflix.

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