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Media mogul Sumner Redstone, former chairman of CBS and Viacom, dies at the age of 97

BREAKING NEWS: Media mogul Sumner Redstone, former chairman of CBS and Viacom, dies aged 97

Sumner Redstone, the businessman and media mogul who previously served as executive chairman of CBS and Viacom, has passed away. He was 97.

Redstone, who often bragged that he would live forever, died Tuesday, according to a statement from National Amusements released Wednesday morning.

Redstone was a media mogul who built his family’s drive-in theater chain into a multi-billion dollar world-wide.

In his nineties, he became the focus of a rejected lover’s lawsuit that nearly cost his family his financial inheritance.

Sumner Redstone, the businessman and media mogul who previously served as executive chairman of CBS and Viacom, has passed away. He was 97

Sumner Redstone, the businessman and media mogul who previously served as executive chairman of CBS and Viacom, has passed away. He was 97

“It is with great sadness that we announce the death of Sumner M. Redstone, the self-made businessman, philanthropist and World War II veteran who built one of the largest collections of media items in the world,” said National Amusements statement.

“Sumner was a man of unparalleled passion and persistence, who dedicated his life to his belief in the power of substance,” the statement added. “With his death, the media industry he loved so much loses one of its great champions.”

The company, which is the parent company of ViacomCBS, said Redstone will be “ greatly missed by his family taking comfort in the knowledge that his legacy will live on for generations to come. ”

Developing story, check back regularly for updates.

Sumner Redstone is seen with his daughter Shari Redstone in 2012. Sumner Redstone died Tuesday at the age of 97 after boasting that he would live forever

Sumner Redstone is seen with his daughter Shari Redstone in 2012. Sumner Redstone died Tuesday at the age of 97 after boasting that he would live forever

Sumner Redstone is seen with his daughter Shari Redstone in 2012. Sumner Redstone died Tuesday at the age of 97 after boasting that he would live forever

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