The Curious Case of Sumner Redstone

the modern day King Lear is no longer a billionaire, how embarrassing! first divorce then ousted out of the billionaire boys club senior citizens chapter...

"Despite a leonine intensity and improbable strawberry-tinged hair, he looks his age. His face is mottled; fleshy folds of neck skin sag over his knotted tie. He braces himself against the table to push his 6-foot frame into a more or less upright posture and, walking with a pronounced limp..." READ IT !

this is one of my favorite quotes from the article regarding Paula and Sumner's no defunct relationship -

"Their friends talk about their sexual chemistry—and Sumner’s libido. “I had a feeling they were always playfully arguing with each other, saying ‘Go fuck yourself’ and holding hands,” says one frequent dinner companion. “Both of them love to talk about sex. Normally, if you make a dinner appointment with Sumner, he shows up on time, but if they show up 15 minutes, half an hour late, they might say, ‘We had sex four times today!’ ”

But recently, the marriage had become increasingly tempestuous. The Redstones’ profanity-laced arguments were the talk of the entertainment industry. Sylvester Stallone, their next-door neighbor in Beverly Park, figures in a widely repeated anecdote that Redstone denies. According to two Hollywood insiders who spoke with Stallone and his wife, Jennifer Flavin, Redstone erupted a year ago at one of Arnold and Anne Kopelson’s regular Sunday-night movie screenings, when Redstone was anxious to leave and Paula tarried to schmooze with Stallone. “Why don’t you just fuck him already, so we can go home?” Redstone allegedly shouted. Stallone—who friends say was outraged by Redstone’s remark—declines to comment."

GROSS.

Myspace gives MTV exec an out

from one dead end company to another ? i duno about this one, Myspace is officially dead to me, does anyone ever use myspace ? facebook really killed them.
story here
the picture below is the worst headshot ever in the history of all headshots. he looks like a sad NAMBLA member.
Courtney W. Holt is Executive Vice President, Digital Media, MTV Networks Music and Logo Group

the buzzards are circling

"The New York Post has been hammering the question of Redstone’s liquidity. ‘Rupert’s going to run a story on him every day."
read more about the turmoils

crusty ole sumner redstone is divorcing

probably because paula (his brave wife) realized he shouldn't be walking around the house naked because it was hurtful (as told by a Fortune magazine reporter who he interviewed with nekkid) to anyone that saw it, which was pretty much herself and the staff of many

and probably because he possessed a claw for a hand.

famous claw for hand villians pictured below



UPDATE- its been reputed that Sumner has been drunk dialing his old leather bag looking ex gf - Christine Peters, daaaaag, imagine the dirty talk coming out of that ole geezer sumner.

sumner's new but old shit!




taken from reuters-

LOS ANGELES, Oct 21 (Reuters) - Media mogul Sumner Redstone, the irascible billionaire whose fortunes have been battered by the financial crisis, has filed for divorce from his second wife after five years of marriage, a spokesman said on Tuesday.

The 85-year-old executive chairman of both Viacom Inc (VIAb.N: Quote, Profile, Research, Stock Buzz) and CBS Corp (CBSa.N: Quote, Profile, Research, Stock Buzz) cited "irreconcilable differences" with Paula Fortunato Redstone, a former school teacher who is almost 40 years his junior.

The couple, who live in a gated community overlooking Beverly Hills, have no children together. They had entered into a "marital settlement agreement" covering their assets, said the papers filed on Friday in the Los Angeles Superior Court.

A source close to the couple said the agreement covered a $5 million payment by Redstone to Fortunato but that he will likely give her more than that. The settlement will have no impact on Redstone's business interests, the source added.

Forbes magazine last month estimated Redstone was worth $5.1 billion, although that sum has likely been reduced by the global financial turmoil.

The source said the split was amicable and that there was no one else involved.

"While this is a difficult decision for both of us, we remain close and supportive friends and are committed to each other's continued happiness and success," the couple said in a statement.

News of the divorce filing was first broken by Hollywood gossip website TMZ.com.

Redstone married Fortunato in 2003 after splitting with his wife of more than 50 years, Phyllis, with whom he had two children.

He and Fortunato had met two years earlier on a blind date arranged by mutual friends at now-defunct investment bank Bear Stearns. Tony Bennett sang at their wedding.

A 2006 profile of the couple indicated some basic differences. He liked to go to bed at 9 p.m. and she at 11 p.m. But she was also credited with softening his rough edges.

The cantankerous former attorney turned a small family-run theater chain into the controlling shareholder of such prime media assets as movie studio Paramount Pictures, broadcaster CBS, cable channel MTV and publisher Simon & Schuster.

Along the way, he engaged in public feuds with everyone from actor Tom Cruise and senior executives to his own children and has battled industry perceptions that he is eccentric and out of touch.

Redstone was this month forced to sell $233 million worth of CBS and Viacom shares to avoid breaching bank covenants related to a $1.6 billion loan to National Amusements, the theater chain through which he holds his Viacom and CBS stakes.

He is in talks with his bankers to renegotiate the debt, prompting industry speculation that he may have to sell more shares. Although he owns a minority of shares outstanding, his control of both companies currently remains unaffected thanks to his voting shares. (Editing by John O'Callaghan)

bank of america tells sumner - FUCK YOU, PAY ME

more troubles for viacom, one helluva mismanaged company

(Reuters) – Sumner Redstone, a controlling shareholder of Viacom Inc and CBS Corp, might be forced to sell either of the companies to help tide over the current financial crunch being faced by his movie theater chain, National Amusements Inc, the New York Post said on Sunday.
National Amusements Inc said last week it was in talks with bankers to renegotiate terms on a $1.6 billion debt, due to a sharp drop in the value of CBS and Viacom.
The $1.6 billion debt was arranged by Bank of America and others. Half of that, $800 million, will need to be repaid by year's end.
Sources close to Redstone and Viacom told the paper that Redstone's current cash situation is so bad that selling Viacom or CBS is now a real possibility.
A source close to CBS told the Post that Redstone was already looking at his entire portfolio to identify possible sale candidates.
The paper quoted another source saying the situation was so grim that even the sale of pieces of CBS -- like some radio stations, or the publisher Simon & Schuster -- or some of the Viacom properties would not be enough to cure the cash shortfall.
Redstone used shares in CBS and Viacom as collateral for loans used to back expansion plans for his privately-held National Amusements Inc, the Post said.
At issue is a covenant that requires National Amusements to maintain a certain debt-to-asset ratio, which it failed to do after shares of Viacom and CBS plunged on fears of an advertising slump.
Viacom and CBS did not immediately return calls seeking comment. National Amusement Inc could not be reached for comment.