Silicon Alley Insider:
But he may still have to sell them. This will create an overhang that won't do wonders for their already demolished stock prices.
CNBC's Charlie Gasparino reports:
Media investor Sumner Redstone, hoping to avoid having to sell Viacom and CBS, will first try to sell other assets of his holding company, National Amusements, if efforts to renegotiate a $1.6 billion loan fall through, people close to the company told CNBC.