The daily business briefing: August 13, 2020
Billionaire media mogul Sumner Redstone died Tuesday, his family’s holding company, National Amusements, announced in a statement Wednesday. He was 97. Redstone built a media empire from National Amusements, a chain of drive-in theaters. Over several decades, he accrued holdings that included CBS, Paramount Pictures, Simon & Schuster, Blockbuster, and Viacom. At their peak, The New York Times reports, the businesses he controlled were worth more than $80 billion. The Wall Street Journal desc…
