Viacom’s Sumner Redstone Opposes Sale of Paramount

Wall Street Journal: In mid-February, Viacom CEO Philippe Dauman visited the Beverly Hills mansion of ally Sumner Redstone to ask if the ailing media mogul would support selling a minority stake in Paramount Pictures. Even though Redstone has trouble speaking, Dauman thought he heard “yes.” The weekend after the plan was announced, Redstone summoned Paramount chief Brad Grey and expressed displeasure about the potential sale. “I don’t want to sell Paramount,” Redstone said repeatedly.