Sumner Redstone Steps Down as CBS Chairman, Is Replaced by Leslie Moonves

February 3, 2016 10:15 PM

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Sumner Redstone Steps Down as CBS Chairman, Is Replaced by Leslie Moonves

CBS Corporation announced on Wednesday that the ailing 92-year-old media mogul Sumner M. Redstone had resigned as executive chairman, and that Leslie Moonves, the company’s chief executive, would assume the role of chairman.

The resignation of Mr. Redstone went into effect on Tuesday, the company said, and he was appointed chairman emeritus.

Also read: Los Angeles Business Journal

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