Sumner Redstone

That was then, this is now. After the “forced” sales of $233 million in Viacom (NYSE: VIA) and CBS shares sent the stocks into a spiral last October, Sumner Redstone promised that National Amusements “has no intention of selling a single share of Viacom or CBS stock”—but he didn’t say how long that promise would last. Turns out he meant about a year. The now-restructured National Amusements debt needs to be serviced and the theater company...