Experts in corporate governance say the directors of CBSs parent company, Viacom, are obliged to assume some role in resolving the fiasco over CBS Newss use of what appear to be fake documents about President Bushs military record. Rather must have felt comfortable, not only because this is his bias but because he knew the parent company was comfortable with this kind of frontal attack on Bush, said Mr. Kincaid, whose group has tangled with CBS for years about its news and entertainment programming. Though Shari Redstone is eager to sell a combined CBS-Viacom, finding a buyer may not be easy. cookies During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. In its most recent fiscal quarter, Viacom hit a milestone when it reported that domestic advertising had increased for the first time in five years. If lower growth and sticky inflation hang around, ways to grow your portfolio or at least stretch it become even more important. While my daughter talks of good governance, she apparently ignores the cardinal rule of good governance that the boards of the two public companies, Viacom and CBS, should select my successor. (Sumner dumped Holland after stories I wrote in Vanity Fair revealed that, unbeknownst to him, she had been having a longtime affair with George Pilgrim, in Sedona, Arizona, and using Sumners private jet to fly back and forth from Los Angeles to see him, while at the same time living with Sumner.) Shari Redstone is a media executive with wide-ranging experience in the entertainment industry and related ventures. As she cared for him in the mansion, he communicated through an iPad that was configured with three replies: yes, no and an unprintable term he used to express affection. So when Dauman proposed selling Paramount to a Chinese company in early 2016, Shari Redstone dug in for a fight. Instead, he surrounded himself with younger girlfriends and business cronies. Javascript recommended: FEC.gov uses Javascript to provide the best possible user experience. Shari Redstone's $30 Billion Triumph at CBS and Viacom - Intelligencer Anyone can read what you share. Shari Ellin Redstone (born April 14, 1954) is an American media executive. Mr. Redstone also made donations to a Viacom political action committee that splits its donations fairly evenly between the parties.