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Viacom, CBS head has no plans to retire

Lack of succession plans for the 92-year-old chairman of the board for both media giants is a worry for the firms

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At 92, Sumner Redstone is making no moves towards retiring. And that is a worry for the two media giants that he controls, Viacom and CBS.

San Francisco

AT 92, Sumner Redstone is making no moves towards retiring. And that is a worry for the two media giants that he controls, Viacom and CBS.

Mr Redstone is chairman of the board of both companies, and he and his family own a majority of the shares in the entertainment

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