The WSJ continues to stay on top of Sumner Redstone’s efforts to restructure his debt and suggests that there may not be a clear answer (or end to speculation over CBS stock) this year: “Negotiations to restructure its debt are moving slowly and a deal looks increasingly unlikely this year, say people familiar with the situation.” Redstone is said to now have “a trove of cash and near-term liquid assets of around $500 million.” Along with the massive tax benefits that will come from his bargain sale of Midway Games, the hope is that provides National Amusements “with a cushion […]
