Redstone defends split

Viacom chairman talks to Eisner

Sumner Redstone appeared on Michael Eisner’s CNBC talkshow Monday and reiterated his stance on cutting ties with Tom Cruise and Paula Wagner’s production company.

“I hoped I was saying goodbye to a type of business,” he said. “We were playing too much to the stars, and stars don’t make a picture, the script does. We were playing too much and getting too little.”

Redstone spent more time describing his business relationship with his daughter Shari, Viacom’s vice chairman. For starters, he won’t make her CEO.

“I’m the boss. She works,” he said. “I work very hard and travel around the world for Viacom. I’m not about to give up control.”

Eisner, who had dined with Shari Redstone recently, said she told him that exhibition is still a growth business.

“It’s not,” Redstone countered. “The only reason theaters have kept up with the rest of the world is raising admission prices.”

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