Cynthia Littleton Business EditorViacomCBS shares were up more than 5% in trading Friday, reflecting renewed investor interest in the company following the death earlier this week of chairman emeritus Sumner Redstone.The movement for ViacomCBS shares comes on a down day overall so far for the NASDAQ index.
News of the Redstone’s death on Aug. 11 at the age of 97 has sparked speculation that his successor, ViacomCBS chairman Shari Redstone, may now be more inclined to sell the media conglomerate that her father built starting in the late 1980s.For the year to date, ViacomCBS shares are down 33%, in keeping with massive declines for most media stocks amid pandemic-driven business disruptions.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.