The Man who believed he would live forever – and needed to make no succession plans for CBS or Viacom is gone. In recent days, shareholders filed lawsuits claiming that Sumner Redstone was being paid to do a job that he was incapable of doing. His ex-girlfriend has been trying to wrestle control of the company is away from Sumner and his daughter .
CBS radio has been “in play” for some time. The stations are generally still quite profitable, but so 20th-century. New leadership may want to divest some or all of the stations. Perhaps Mel Karmazin would like to run CBS radio again, since he no longer is needed at Sirius XM.