More from Daddy Dearest

Sumner Redstone, never shy about shaking out the family laundry for the world to see, kept going after his daughter Shari today - the latest bit of nastiness coming in a faxed letter for Forbes' Robert Lenzner. Redstone reiterates his desire to have the board of Viacom and CBS select his successor as opposed to anointing Shari - even though he all but anointed Shari a couple of years back. Redstone says he would consider buying out Shari's 20 percent stake of National Amusements, a private company that owns movie theaters and has voting control of Viacom and CBS. But the price needs to be acceptable, Redstone adds. "It must be remembered that I gave to my children their stock; and it is I, with little or no contribution on their part, who built these great media companies with the help of the boards of both companies," he writes Lenzner. And I thought the Bancrofts were strange.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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