11/23/2008 05:12 am ET Updated May 25, 2011

Sumner Redstone May Have To Sell More Viacom, CBS

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.

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