Sumner Redstone Said to Plan Replacements for Trustees Soon
- Billionaire thinks Paramount studio shouldn’t be sold
- Dauman, Abrams question legitimacy of removal from trust
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Sumner Redstone, days after ousting longtime confidants Philippe Dauman and George Abrams from his family trust, is making plans to name their replacements soon, a person familiar with the matter said.
Redstone is taking further steps to alter the composition of his trust after removing the longtime allies, who dispute whether the 92-year-old is capable of making the decision in his frail state. The trustees will control Redstone’s biggest assets -- his majority stakes in media giants Viacom Inc. and CBS Corp. -- after he dies or is declared incapacitated.