With his passing, the media industry he loved so dearly loses one of its great champions,” National Amusements said in its statement. Crucial quote“My goal is to be number one,” Redstone told Forbes in an October 1994 profile of his dealmaking career. According to the New York Times, that’s how much Sumner’s media empire was worth at its peak. “I think I was always driven before, but out of that fire came most of the exciting things I have ever done,” Redstone told Forbes in 1994. From 2006, Redstone was locked in a public battle with daughter Shari Redstone over future control of his media empire, clashing over succession plans.

Source: Forbes August 12, 2020 12:47 UTC