shari redstone political contributions

But her path to power, like most things involving the Redstone family, was contentious. As private citizens, board members at Viacom and others make donations to political parties and candidates all the time, he said. There's made-for-reality TV drama of Sumner Redstone romantic affairs to the behind-the-scenes politics of CBS and Viacom's boardrooms politics that as a consumer I realized affected all of us.. $35. Theres substantial risk to a major business operation for which they have ultimate oversight and responsibility.. For the past couple of decades, when media exec Shari Redstone came home, she'd relax in a sprawling mansion in Westwood, MA. :I Mr. Redstone ceded his role as executive chairman at Viacom and CBS in early 2016. . [29], In May 2020, she was named as a defendant in a lawsuit filed by the Bucks County Retirement Fund and the International Union of Operating Engineers, over the perceived "destruction of value" caused by the CBS and Viacom merger. The ups and downs were complicated by his illness and his tabloid-fodder private life. [10], Since 1999, she has been president of National Amusements, one of the top ten movie exhibitors in the United States. Shari Redstone Political Contributions in 2016. The potential merger represents a thorny headache in both the Redstones personal and professional lives. Look at totals and trends, and see how candidates and committees raise and spend money. Her father, Sumner Redstone, once dismissed her publicly as a lightweight who contributed little to the business. 13 0 obj Of the companys 13 board members, eight contribute primarily to Democratic candidates and party committees. Vin Diesel goes off script. She currently serves as the non-executive chairwoman of Paramount Global (formerly known as ViacomCBS) and president of National Amusements, and is a former vice-chairman of CBS Corporation and Viacom. Redstone herself has agitated for an even bolder streaming strategy through Paramount Plus, the company's flagship streaming service, according to company insiders. They also shared an iron will that helped Ms. Redstone to succeed her father as the leader of the family empire. You're using Internet Explorer, some features might not work. -. Advertisements How old is Shari Redstone? Please try searching for a donor or recipient name. In both dayparts, ABC and NBC have been locked in a relatively tight battle for No. The structure of the empire built by Mr. Redstone is complex but Ms. Redstone is at the top. As a journalism institution, CBS News boasts two of the most venerable titles in TV with 60 Minutes (regularly the most-watched news broadcast in all of TV, 12 million tuning in live to the most recent episode) and CBS Sunday Morning. The elderly mogul was reeling from one of the womens betrayal and prone to crying spells. (Shari Redstone declined to comment, as did her attorney, Betsy Burnett, and her spokesperson, Sara Evans. [42] Redstone recently joined the board and executive committee of "Our Time", a mass-membership organization that stands for the economic interests and political inclusion of young Americans aged 1830. May 20, 2019. While Fox News dominates in ratings and distribution, the conservative landscape includes One America News Network (which received praise from Trump on Twitter on Thursday) along with Newsmax TV and Glenn Becks Blaze Media, both of which are on Dish Network. That girlfriend, Sydney Holland, left in September 2015. She noted that Hugh Hefner had a long working relationship with his daughter, Christie Hefner, who was chief executive of Playboy Enterprises for 20 years; and that Abigail Johnson took over Fidelity Investments in 2014, after her father, Edward Johnson III, ran the business for nearly four decades. While the aging lion took his meals through a feeding tube in his Beverly Park mansion, Ms. Redstone battled Manuela Herzer, his former lover and live-in caretaker, for control of his daily care. CBS independent board members filed suit to strip the Redstones of their voting control. Why is Frank McCourt really pushing it? n0%f|U9l 7?j`l7"tiNf]?uhgM Z4i[&LY_x The case was eventually settled. Fox News mints money for owner Fox Corp. and the Murdoch family, estimated at north of $1 billion in profit annually. A full body orgasm at the L.A. Phil? Given how far she has already come in reversing her fathers desire to keep her away from the oversight of CBS and Viacom, Shari may be willing to sacrifice that demand in order to get Moonvess support. Two other members of the board, Joseph Califano and William Cohen, held cabinet posts under Democratic presidents. Search by state or ZIP code, Look up contributions from specific individuals, Find and contact your committee's analyst. These committees may solicit and accept unlimited contributions from individuals, corporations, labor organizations and others. Kimberlee, 38, is a lawyer. April 21, 2023 4:53pm. Shari Redstones appointment to lead the remerged Viacom and CBS was unexpected by almost anyone who has followed the battles within this family media business. An official website of the United States government. He called his daughter a credible candidate, while also floating the notion of buying her out. Its awesome. Todd Williamson/Invision, via Associated Press. Shari Ellin Redstone (born April 14, 1954) is an American media executive. Tensions were so high that he offered her a $1-billion buyout, and she fumed to her son in 2015: Your grandfather says I will be chair over his dead body.. Im very sure that the chairman and CEO would not allow the board of the company to be compromised by individual political agendas.. And they announced that Shari Redstone would become chairwoman of the new entity, ViacomCBS Inc., joining a small number of women overseeing a major U.S. company. Shari Redstone Political Contributions in 2012. This article is from the archive of The New York Sun before the launch of its new website in 2022. But within a few months, the court fight in Delaware was eclipsed by a scandal engulfing Moonves, who had run CBS since the 2006 split. The Redstone family investment firm, National Amusements Inc., controls nearly 80% of CBS and Viacoms voting shares. His voting stock in the company an 80 percent share will transfer to a seven-member trust that includes Ms. Redstone and her son, Tyler Korff, along with Jill Krutick, a longtime family friend, and four lawyers with ties to the Redstones. And Sumner himself has been completely shielded from his longtime friends and the public, who have not seen or heard from him. Simply log into Settings & Account and select "Cancel" on the right-hand side. and attorneys fees under ECPA, according to the filing. Viacoms critics say Mr. Redstone, 80, who has been at the helm of Viacom for nearly two decades, set a liberal course that led to the document debacle. You make it possible. Days before trial is set to begin, Dominion has been granted permission to conduct additional depositions. Shari is now vice chairman of the boards of both CBS and Viacom and the president of National Amusements. Shari Redstone was born in Washington, D.C. in April . Shari Redstone is board chair. 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An attorney who conducts independent investigations like the one CBS ordered up yesterday said the board members have a duty to make sure the CBS brand is not tarnished, or not tarnished further. In May 2019, Ms. Redstone made an appearance at a lavish fete at the Plaza hotel thrown by CBS to court business during its annual presentation to advertisers. Ms. McGrath pointed to Ms. Redstones skill in assembling allies under pressure, adding, She was actually incredibly effective at pulling together a coalition of very smart people who were willing to challenge Sumner, who were basically betting their careers that shed be able to come out on top. Shari Redstone has three children: Kimberlee, Brandon, and Tyler. and other data for a number of reasons, such as keeping FT Sites reliable and secure, In February 2017, Shari Redstone, the 62-year-old billionaire heiress and controlling shareholder of CBS and Viacom, with a honking Boston accent and a fondness for the bouffant blowout, was at. Shari obtained her 20 percent interest in National Amusements through a 2002 divorce agreement with Sumners first wife and her mother, Phyllis. Hace slo unos aos, Shari Redstone estaba al margen del imperio meditico de su familia. The succession issue simmered in the background during periods of estrangement between father and daughter. Changes needed to be made to the Stephens lifestyle in order to make things manageable Because of [her husbands condition], and all of the different things we were dealing with, I really needed an opportunity [for change], Stephens said to me in an interview via videoconference in early December. The media heiress, who defeated a series of rivals to win control of ViacomCBS in. Shari Redstone 117 . The Redstones operated more like a wolf pack, Ms. McGrath said. Their main sticking point was one that plagues many family businesses: succession. Only 7% of the largest U.S. companies in Standard & Poors top index have a woman as a board chair, according to Fenwick & West, a Mountain View, Calif., law firm. Shari Redstone continues today to send fraudulent communications purporting to be sent by Sumner, a man who cannot speak, write, read, or take care of himself, according to Herzers complaint. Though Shari Redstone is eager to sell a combined CBS-Viacom, finding a buyer may not be easy. Earlier this decade, two women had ensconced themselves in Sumner Redstones life and he lavished them with gifts valued at $150 million. degree in 1978 and her LL.M. Stay informed and spot emerging risks and opportunities with independent global reporting, expert The Redstone family investment firm, National Amusements Inc., controls nearly 80% of CBS' and Viacom's voting shares. The high-profile trial, expected to start Monday, was postponed a day, a development that the Judge called not unusual but has nevertheless prompted buzz about a last-minute settlement. They were hoping that would please Wall Street, but instead the stock dropped sharply. This Redstone plan for a new TV service also would have a streaming component. Does the fate of a potential $14 billion Wall Street merger all come down to Shari Redstones feud with her father? For Shari Redstone, the 65-year-old daughter of ailing 96-year-old mogul Sumner Redstone, who had chafed for a dozen years living under the . CBS first offered Viacom shareholders an exchange ratio of .55 a CBS share for each Viacom sharean offer worth around $11 billion today. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Paramount chief Shari Redstone attended alongside Neeraj Khelmani, Gayle King, Norah O'Donnell, Tony Dokoupil and Nate Burleson. % personalising content and ads, providing social media features and to Keep abreast of significant corporate, financial and political developments around the world. [18] Redstone and her partners then sold Rising Star Media to Russian theater operator Cinema Park in 2011. Redstone practiced corporate law, estate planning and criminal law in the Boston area before joining National Amusements. William D. Cohan. CBS's board then offered Shari Redstone the position of non-executive chair, but she declined. In this particular case, because of the personalities involved and the issue, its like the elephant in the tent, he said. Its also unclear whether she will back off her request to have Bakish succeed Moonves when the time comes. Sumner subsequently wrote one of his attorneys, Recent dealings with my daughter, Shari, have caused me to believe even more strongly that she does not have the requisite business judgment and abilities to serve as Chair of Viacom or CBS. Sumners two efforts to buy his daughters 20 percent stake in National Amusements, which she rejected, were, according to Herzers complaint, designed to permanently remove her from his business affairs and to prevent her from reversing his documented intentions that his media empire not fall into her hands after his death., Shari seemed to understand the extent of her fathers desire to keep her away from Viacom and CBS. This week's $12bn deal to reunite the two companies has been Ms Redstone's crowning victory. If lower growth and sticky inflation hang around, ways to grow your portfolio or at least stretch it become even more important. Father-daughter duos are rare in the upper echelons of corporate America, and combative ones even more so, said Rita McGrath, a professor at Columbia Business School and the head of its Women in Leadership program. She also pursued a degree in social work after volunteering at a trauma center for abused children. A peek at this week's ForbesWomen newsletter, which every Thursday brings headlines about the world's most powerful women straight to your inbox. All rights reserved. By. President Trump yet again berated 60 Minutes for its coverage of the Covid-19 pandemic. Dan Rather is obviously an important person. [16], In 2010, Redstone and her partners purchased the theaters that they had built, and formed Rising Star Media,[17] of which she was chairman, and turned it into the country's top-grossing cinema chain. . Daring to challenge the bigwigs in front of him and their business model, including Shari Redstone and several of his Paramount Global bosses, the veteran stand-up comic gave the media some advice . In 2020, Redstone was named on Time's list of the 100 most influential people in the world,[8] and in 2022, to Forbes' list of the World's 100 Most Powerful Women.[9]. In the 2000 presidential campaign, Mr. Moonves, who oversees CBS, gave $1,000 each to Mr. Gore and Senator Lieberman of Connecticut. At the height of the conflict when the patriarch was well into his 80s and still a Hollywood force Mr. Redstone tried to buy out his daughter and publicly stated that she was not qualified to lead National Amusements, the parent company of Viacom and CBS, which he had inherited from his father and built into a giant. CBS CEO Les Moonves was one of the 11. According to The Hollywood Reporter on Tuesday,. Shari Redstone has spent much of this year trying to re-merge CBS and Viacom over the objections of CBS CEO Les Moonves, who has stepped down over accusations of sexual harassment. Redstone built his family's drive-in theater chain into a multibillion-dollar empire . By Lisa Johnson Mandell. Paramount Global said Friday that, pending court approval, it will receive $167.5 million in settlement of a suit by shareholders of the former CBS Corp. against some of the . $50. In the article, they both gushed about the gifts and money they had been given. Over the years, Shari Redstone would tell her tough-as-nails father that. In the past six years, Mr. Redstone has given $50,000 to Democratic campaigns and party committees, according to filings with the Federal Election Commission. THR has learned that Pluto, which Viacom acquired in March for $340 million, is about to launch an as-yet-unannounced streaming conservative news and opinion channel. [1], As of January 2018, Redstone is a member of the board of directors at Combined Jewish Philanthropies and the board of trustees at Dana Farber Cancer Institute. !CF`Bb3uwp#9 e_JVk|3$dN fd7)u=tncQT_v"`UguwE)U^/HICGjK>0pawBW=suLH.j}J,5l#e96 ^0a(B:@/L*0519P2a~,uV(g:`GaHv1 ^'_B^J ^FQ'?p./{3HJj$pLV.OH!Cp(P;SS@' t],;4z`V ?DNtx_%~,S)-p^pPG:WM1m8ZY:mbf@A.cW$b.04+QkJoi#iY)+6Ak"p94[f?OAbg(K{ -fMpbSf0;IS]&! organisation imagine this as a "let me see your hands " moment for the . The shotgun re-marriage of CBS and Viacom is proceeding apace. The two often clashed over executive compensation and board member selection. A source says the idea for that network was in the works before the Pluto acquisition. Despite their political differences, employees at National Amusements seem to be happy. Ms. Redstone has contributed to Senator Clinton and Mr. Kerry as well as the Democratic National Committee. His daughter, Shari Redstone, has effectively controlled Viacom and CBS for several years as Sumner Redstone has dealt with healthRead More Shari Redstone net worth: Shari Redstone is an American media executive who has a net worth of $500 million. Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: REDSTONE, SHARI E . [43], list of the 100 most influential people in the world, list of the World's 100 Most Powerful Women, International Union of Operating Engineers, National Center on Addiction and Substance Abuse, "Former Redstone Son-in-Law Quits Theater Chain", "Inside the Battle for Sumner Redstone's $40 Billion Media Empire", "Shari Redstone: 5 Fast Facts You Need to Know", "Shari Redstone: The 100 Most Influential People of 2020", "The World's 100 Most Powerful Women 2022", "List of Private Companies Worldwide, Letter - Businessweek", "Shari Redstone Says U.S. Has Too Many Cinemas, 'Thousands' Should Close - Bloomberg", "Foxboro, MA: National Amusements Debuts New Upscale Cinema Concept at Patriot Place - The BigScreen Cinema Guide", "4/30/2002, The Bridge: Cinema De Lux - Almanac, Vol. A former Verizon executive who is on Viacoms board, Frederic Salerno of Rye, could offer some solace to supporters of President Bush looking for a friendly face at Viacom. In his most consequential battle, he took on his daughter, Shari E. Redstone. And then, on October 12, 2015, with Sharis help, Sumner evicted Herzer from his house, which the latter described as a critical step in [Sharis and Tylers] larger conspiracy to take control of Sumners media empire. In an e-mail days later to Tyler, Shari explained the true underlying purpose for this conspiracy, according to Herzer: to undue [sic] all of the legal documents, letters and affidavits that he done against me.. Judge Sanctions Fox News for Withholding Evidence in Dominion Defamation Suit. As a recently released, unredacted complaint in a lawsuit against Shari makes clear, Sumner Redstone never wanted his daughter to be involved in the family businesses, twice tried to buy out her stock in the family holding company, National Amusements Inc., for around $1 billion. Shari with Sumner Redstone at the LA Friendly House Luncheon in Beverly Hills, 2012. Shari Redstone - $5,400 in Political Contributions for 2016, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . Mr. Salerno, who split his giving relatively evenly between the parties, donated to Mr. Gore in 1999 and contributed the maximum $2,000 to Mr. Bushs campaign this time. The changing economics have created a sense of urgency among major Hollywood studios to fortify themselves by bulking up. Mr. Redstones death has bolstered his daughters influence over National Amusements. Name & Location: Employer/Occupation: Dollar Amount: Date: Primary/ General: Contibuted To: REDSTONE, SHARI . offers FT membership to read for free. Shari Redstone fought to ensure she would succeed her father, Sumner Redstone, atop the family's media empire. You can only have so many alphas in one room, she said. If she refused, he wrote, he would not allow her or her children to attend his funeral or in any way be involved in his burial arrangements. Herzers lawsuit plunged National Amusements and Viacom into turmoil. *:XgQJBm1THt#b~$)cb87cBiQ1H45 Q[tg;:n6_)0' Scarlett Johansson. But shes finally out from under her fathers shadow, and I think shes driven to make a name for herself and prove what else she can do.. After fighting off two of the most powerful men in Hollywood Mr Moonves and her own father . For many years, she stayed away from National Amusements, a company that started as a string of drive-in theaters. The price to earnings ratio is 7. Redstone has approached current and former Fox News personalities about such a plan, sources say, and she has spoken with former NBC News host Megyn Kelly. As the merger of Viacom and CBS awaits regulatory approval, a Redstone spokesperson confirms that she quietly visited President Donald Trump in the White House recently but denies any plan to launch a conservative TV network (as does a spokesperson for Viacom). ), Layoffs hit Amazon Studios and Prime Video, with about 100 jobs cut, New Netflix data shows diversity gains, but does not factor recent job cuts, John King exits CNNs Inside Politics for new role. Dana Bash will succeed him, Comcast CEO Brian Roberts calls Jeff Shell departure a tough moment. Shari Ellin Redstone (born April 14, 1954) is an American media executive. Why did Dan Rather think he could get away with this or stonewall it? As a subscriber, you have 10 gift articles to give each month. He gave the maximum $2,000 to Mr. Kerrys presidential campaign and supported Vice President Gores 2000 presidential bid as well. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. For good measure, he said she isnt qualified to fill his shoes. Check if your The two reconciled in recent years as his health declined. Herzer sued, claiming Redstone had lost his mental capacity. Sumner Redstone, who built National Amusements into a media empire, died Tuesday at 97. Behind the scenes, Redstone was instrumental in refreshing the CBS board by bouncing veterans who were friends of her fathers. As Fox and family insiders tell it, this could just be the beginning. The Redstones prevailed, and Dauman, who presided over Viacom as its value plummeted, resigned. The argument for the deal seems to be beside the point. In 2015, Vanity Fair published an article on Ms. Herzer and another of Mr. Redstones late-life paramours, Sidney Holland. The rulingabbreviated a trial that had made headlines with thepersonaldetails it exposed and questions it posed for Redstones media empire. There's even a 24 cents-per . There was almost willful destruction of MTV, VH1 and all of those iconic brands, said Jeffrey Sonnenfeld, a professor at Yale School of Management. Women in entertainmentfrom ViacomCBS Inc. chairwoman Shari Redstone to singer Beyonc and morecomprise 14 spots on our 2019 list of the world's 100 most powerful women. Before she joined the family business, Ms. Redstone went to law school at Boston University, got married, raised three children, baked cookies and worked as a criminal defense lawyer at a small Boston firm. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. Shari Redstone, who divides her time between Boston, Connecticut and Los Angeles, spent weeks assisting her father at his home and successfully defending the case against Herzer. $100. All Rights Reserved. Herzer claims Shari and Tyler orchestrated her removal from Sumners Los Angeles home in October 2015, barred her from seeing him, and have effectively taken control of his business empire. VIAC stock opens at about $40 today. Shari Redstone is an American media executive with a diverse history in the entertainment industry and related businesses. But in the early 2000s, a time when National Amusements was in peril, Ms. Redstone objected to her fathers penchant for plowing money into the company; and she was not thrilled when he installed her on the Midway board in 2004. [21] She is also on the board of directors of The National Center on Addiction and Substance Abuse (CASA) at Columbia University[41] and the John F. Kennedy Library Foundation. The investor community still seems to think that the right move could be to just . The entertainment industry is facing intense pressure from technology behemoths Walt Disney Co., Netflix Inc., Amazon.com Inc. and Google, which introduced popular alternatives to traditional television. The merger agreement is a triumph for Redstone, who has overseen the familys controlling stakes in the two companies since her fathers declining health forced him to relinquish control. Redstone sees an opening as the audience for TV news grows older and more conservative and Trump and some of his fans express disenchantment with ratings giant Fox News, which lost its top news anchor Friday when Shepard Smith announced his departure amid conflict with some of the networks opinion hosts. << /ProcSet [ /PDF /Text ] /ColorSpace << /Cs1 7 0 R >> /Font << /F1.0 8 0 R So when Dauman proposed selling Paramount to a Chinese company in early 2016, Shari Redstone dug in for a fight. But it was former Viacom Chief Executive Philippe Daumans plan to sell Paramount Pictures that bonded father and daughter. She declined the role of non-executive chairman of both CBS and Viacom. . So far, Shari's latest effort to force the merger of CBS and Viacomboth of which Sumner still controls through his voting shareshas cost the Redstone family some $600 million, and CBS's other. Ms. Redstone, 66, keeps a much lower profile. The political affiliations of Viacom's board and senior management, how Sumner Murray Redstone (born Sumner Murray Rothstein; May 27, 1923) is an American media magnate.He is the majority owner and Chairman of the Board of the National Amusements theater chain. On the surface, the two seemed unalike. Receipts are reported periodically, according to the filer's reporting schedule. You can still enjoy your subscription until the end of your current billing period. Advertisement Sumner Redstone handed a media empire to his daughter, Shari, who now controls its fate. I am really excited to see these two great companies come together so that they can realize the incredible power of their combined assets, Redstone said in a statement Tuesday. Redstone, the daughter of media mogul Sumner Redstone, is chairwoman of media empire ViacomCBS. In 2014, as it was later revealed, Sumner tried to buy. Herzer is seeking $100 million in compensatory damages as well as treble and punitive damages under RICO Since the split, of course, the companies have followed very different trajectories. In the midst of closing a merger between CBS and Viacom, Shari Redstone is quietly exploring a plan to launch a conservative TV outlet meant to square off with the Fox News Channel, sources tell The Hollywood Reporter. But Redstone pre is increasingly out of the picture. Other nonlinear TV competitors include Breitbart News, The Daily Caller (co-founded by Tucker Carlson) and Salem Media Group, a publicly traded company that is considered the industry leader in talk radio, and Ben Shapiros Daily Wire. Premium access for businesses and educational institutions. Learn how to enable Javascript in your browser. But at a certain point, she may be able to do whatever she wants. Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. I am so proud to be his daughter and I will miss him always.. But some on CBS board were wary. Popular term for a political committee that is neither a candidates authorized committee nor a party committee. Please switch to another browser like Chrome, Firefox, or Edge for a better experience. According to insiders, Redstone could rebrand one of the existing Viacom channels and presumably would insulate CBS News from the new offering.

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