You will be redirected back to your article in seconds

Phyllis Redstone exits National Amusements

Exec steps down to avoid talk of personal difficulties

Phyllis Redstone, the estranged wife of Viacom Chairman and CEO Sumner Redstone, will step down as a director of Viacom’s parent company, National Amusements, lawyers for the divorcing couple said in a statement Tuesday.

Mrs. Redstone has “tendered her resignation as a director to avoid any suggestion that their personal difficulties might interfere with the operation of the family’s business endeavors,” said George Abrams, attorney for Sumner Redstone, and Irving Helman and Augustus Wagner, Jr., attorneys for Phyllis Redstone, in a joint statement.

“Mrs. Redstone has every confidence in Sumner Redstone’s business acumen and noted that the continued success of National Amusements is in the best interest of all concerned,” the statement said.

Through their lawyers, the Redstones denied news reports that Mrs. Redstone has asked for a $3 billion settlement — or about half of her husband’s net worth.

No demands

“Contrary to published reports, both parties unequivocally state that no demands have been made and no offers have been extended in connection with the financial aspects of this divorce case,” the statement continued. “The parties are engaging in an exchange of information and neither party will be making any further comments on this matter.”

News surfaced about 10 days ago that Phyllis Redstone had filed to divorce her husband of 50 years, recently photographed in Paris with his girlfriend Christine Peters. It was Mrs. Redstone’s third divorce filing.

A previous statement by Viacom assured investors that the proceedings would have no affect on the manangement or control of Viacom, which recently agreed to a $32 billion merger with CBS.

More Biz

  • Justin Bieber Ariana Grande Kanye West

    From Ariana to Watt: Catching Up With Scooter Braun's 20 Clients as SB Projects Turns 10

    Phyllis Redstone, the estranged wife of Viacom Chairman and CEO Sumner Redstone, will step down as a director of Viacom’s parent company, National Amusements, lawyers for the divorcing couple said in a statement Tuesday. Mrs. Redstone has “tendered her resignation as a director to avoid any suggestion that their personal difficulties might interfere with the […]

  • Scooter Braun Team

    Meet the Six Key Execs Who Help Scooter Braun Care for Roster of Clients

    Phyllis Redstone, the estranged wife of Viacom Chairman and CEO Sumner Redstone, will step down as a director of Viacom’s parent company, National Amusements, lawyers for the divorcing couple said in a statement Tuesday. Mrs. Redstone has “tendered her resignation as a director to avoid any suggestion that their personal difficulties might interfere with the […]

  • New Media old media shakeup

    Murdoch Sale Talks Underscore Digital's Effect in Disrupting Hollywood

    Phyllis Redstone, the estranged wife of Viacom Chairman and CEO Sumner Redstone, will step down as a director of Viacom’s parent company, National Amusements, lawyers for the divorcing couple said in a statement Tuesday. Mrs. Redstone has “tendered her resignation as a director to avoid any suggestion that their personal difficulties might interfere with the […]

  • John Oliver Net Neutrality

    What the Repeal of Net Neutrality Will Mean for Hollywood

    Phyllis Redstone, the estranged wife of Viacom Chairman and CEO Sumner Redstone, will step down as a director of Viacom’s parent company, National Amusements, lawyers for the divorcing couple said in a statement Tuesday. Mrs. Redstone has “tendered her resignation as a director to avoid any suggestion that their personal difficulties might interfere with the […]

  • Mariah Carey

    Mariah Carey Signs With Jay-Z's Roc Nation for Management

    Phyllis Redstone, the estranged wife of Viacom Chairman and CEO Sumner Redstone, will step down as a director of Viacom’s parent company, National Amusements, lawyers for the divorcing couple said in a statement Tuesday. Mrs. Redstone has “tendered her resignation as a director to avoid any suggestion that their personal difficulties might interfere with the […]

  • THE TONIGHT SHOW STARRING JIMMY FALLON

    Breaking ‘Redbone’: The Campaign Behind Childish Gambino’s Unlikely Hit

    Phyllis Redstone, the estranged wife of Viacom Chairman and CEO Sumner Redstone, will step down as a director of Viacom’s parent company, National Amusements, lawyers for the divorcing couple said in a statement Tuesday. Mrs. Redstone has “tendered her resignation as a director to avoid any suggestion that their personal difficulties might interfere with the […]

  • Jean-Michel Jarre

    CISAC Reports Global Royalty Collections Hit Record $10 Billion

    Phyllis Redstone, the estranged wife of Viacom Chairman and CEO Sumner Redstone, will step down as a director of Viacom’s parent company, National Amusements, lawyers for the divorcing couple said in a statement Tuesday. Mrs. Redstone has “tendered her resignation as a director to avoid any suggestion that their personal difficulties might interfere with the […]

More From Our Brands

Access exclusive content