Reports: Shari Redstone To Become Viacom, CBS Chairman

Shari Redstone

Shari Redstone is in line to succeed her father, Sumner Redstone, at CBS and Viacom, according to details that emerged Wednesday about the structure of the trust that will collect controlling stakes in the two media titans, The NY Post has confirmed.

Shari, 61, will become the irrevocable chairman of CBS, worth $30.7 billion, and Viacom, worth $27.4 billion, sources close to the situation said.

Her views will likely be supported by a majority of the trust’s directors — including the two independent trustees to be added when her father dies, sources said.

Shari, who currently runs Advancit Capital, a successful digital investment company, and her son, Tyler Korff, will serve on a seven-person board alongside lawyers Norman Jacobs and Leonard Lewin, people familiar with the situation confirmed.

Lewin and Jacobs are independent members of the trust. They have represented both Shari and her mother in business and personal matters, sources said.

Vanity Fair first reported on the new trust details, contained in a CBS filing to the FCC.

Sumner Redstone turns 92 on May 27.