About Sumner Redstone:
Sumner Murray Redstone is an American businessman and media magnate. He is the majority owner and Chairman of the Board of the National Amusements theater chain. Through National Amusements, Sumner Redstone and his family are majority owners of CBS Corporation and Viacom (itself the parent company of Viacom Media Networks, BET Networks, and the film studio Paramount Pictures). According to Forbes, as of March 2014, he is worth US $6.2 billion.
Murdoch paid too much for the Wall Street Journal even when he didn't have any competition.
Sumner RedstoneThe newspaper is dying. I'm not sure there will be newspapers and its one business I'd never be in.
Sumner Redstone