CBS, Viacom Under Pressure to Discuss Succession

TheWrap: The pressure around succession has ratcheted up on 92-year-old Sumner Redstone, the Viacom and CBS chairman, as the finely orchestrated transitions at other media empires have underscored the lack of clarity at his own. Rupert Murdoch’s well-tuned handover of 21st Century Fox to his sons James and Lachlan coming on July 1 and the smooth transition at Comcast (whose founder Ralph Roberts died last week) stand in stark contrast with Viacom’s messy succession, where bankers jockey, family members speculate, investors cross their fingers and the media and entertainment world waits and wonders.