Sumner Redstone

Shari Redstone says an upswing of 'energy' at Viacom led her to scuttle CBS merger

Shari Redstone says an upswing of 'energy' at Viacom led her to scuttle CBS merger

Media mogul Shari Redstone on Wednesday acknowledged the media landscape is increasingly challenged — but she believes she made the right call late last year when she decided not to merge the two media companies her family controls: Viacom Inc. and CBS Corp.

Instead, she wanted to give Viacom Chief Executive Bob Bakish a chance to turn around the struggling media company, which owns Paramount Pictures and TV networks including MTV, Nickelodeon and BET.

“What I saw very quickly was the energy that existed at Viacom,” Redstone told reporter Peter Kafka during an on-stage interview at the Code Conference in Rancho Palos Verdes.

She recalled spending considerable time with...

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