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Redstone to skip CBS annual meeting next week

May 14, 2015 6:13 PM ETParamount Global (PARA) StockVIA-OLD, VIAB, PARABy: Jason Aycock, SA News Editor
  • Sumner Redstone will skip the CBS annual meeting next week -- another data point in ever-present speculation about his health and succession planning.
  • The 91-year-old chairman says he hopes to attend next year's meeting.
  • He had skipped Viacom's (VIA, VIAB) meeting in March and wasn't on its Q1 call in January.
  • Last week amid reports that daughter Shari Redstone would take his place, he issued a statement to say that a seven-member trust would handle is ownership interests in the two companies (he controls 80% of each's voting shares), and that the boards would decide on their leadership.

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