A CBS-Viacom Timeline: From ’06 Split to ’19 Reunion
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Sumner Redstone and his daughter Shari, along with their lieutenants, have fought for years over one of the nation’s biggest media empires.
The elder Redstone, who ran the family’s National Amusements theater chain, began investing in media stocks in the 1970s. In 1987, he gained control of Viacom Inc., formerly part of CBS. In 1993, after a six-month bidding war, he acquired Paramount Communications, owner of the famed Hollywood studio.