after a career spanning six decades, sumner redstone may call it quits in the entertainment business.one is 92 years old. yesterday he step down as chairman of cbs and today he may give up executive chairmanship of viacom. that is your latest bloomberg business/update. to talk more about sumner redstone's resignation, i want to bring in chris paulmeri. he joins us, as we mentioned, from l.a. will sumner redstone give up viacom? it looks like that is the case, he will step down as chairman today. who replaces him? it looks like there is a knife fight in the courtroom right now. says she is to be determined but it is not clear she has enough support on the viacom board. betty: if not philippe, who could be? chris: she hasn't specified you that would be. she just wanted an independent director and to that degree she has a lot of support from viacom shareholders. if the stock. a, people are not going to see the change -- at the stock falls today, people are not going to see the change their calling for. betty: who decides? chris: right now it is the board of viacom and that is aboard sumn

sumner redstone stepping aside from cbs and leaving a melodrama in his wake.avid: a company is betting hunters want high-end, high-functioning gear. all that as we go behind the scenes of the latest issue of "businessweek" here on bloomberg television. ♪ carol: definitely a a lot of topical stories, but something that caught my attention has to do with amazon and their quest to rule the world. there is a report, an internal report, but some folks have gotten hold of it and shared it. it looks like they want to be big in terms of delivery, so maybe head-to-head with ups, fedex, owning the fulfillment space and internet globally. david: eager to see what happens with that. another great piece was about the canadian dollar. and the effect it's having on the hockey league. you have these teams -- in canadian dollars. carol: currency causing a lot of problems around the globe. diapers, you know them. i know them. we have had kids. adult diapers, and this is a business that is growing rapidly and outpacing the diapers you see for kids. interesting area, stranger, bu

there have been all these rumors, conflicting reports, about sumner redstone's health.is 92 years old, so finally the moment, where he steps down as chair of cbs and viacom. immediately cbs, no drama, no surprise, les moonves well thought of. he is a ceo elevated to chair. viacom, totally different story. david: why is it a different story? >> basically the last year and a half, two years, viacom has been struggling, cable networks, nickelodeon, falling off a cliff. it is not a diversified business. as the ratings have fallen, the stock price has gotten crushed, down more than 50% over the past year, and as all that has happened, investors have said something needs to change. we need management, a new strategy, something, but basically as long as sumner has been in the picture, he is very close with the ceo of viacom, people are like it's not going to change until something changes with sumner, but as these reports about his health were going along, ok, sometime he will have to step down. there was all this mounting pressure. he can handle his duties, and finally this m

. >> a sumner redstone stepping down from cbs and viacom and leaving a maelstrom in his weight. >> and a company named cu you want high functioning rear. we go behind the scenes of the latest issue of bloomberg businessweek. ♪ >> definitely a lot of topical stories. something that caught my attention had to do with amazon, and their quest to rule the world. there is a report they had out for a few years, an internal report. but some folks have gotten hold of it. they want to be big in terms of delivery. going head-to-head with the likes of ups, and alibaba, and fedex, really kind of owning the fulfillment space globally. >> another thing about the canadian dollars, the weakest, and the effect that this having on the national hockey league. carol: currency causing a lot of problems around the globe. diapers, you know them. i know them. we have had kids. adult diapers, and this is a business that is growing rapidly and outpacing the diapers you see for kids. interesting area, stranger, but a growth business. i was going to talk about crude oil. it is plummeting more than 70% from its 201

precludes felipe dem ho n, the ceo of viacom from becoming the trar because he is a trustee in sumner redstone'strust and very much intertwined in those matters being that he's also mr. redstone's health care proxy, so we'll see who in fact is elected as the chair of viacom, but it would seem the possibility is certainly out thereto that it wouldn't be dem ho nd and given sherry redstone's statement, melissa, it won't be here either. whether this all has an impact as you say the bigger picture of putting these companies into play, so to speak, remains an unknown and perhaps people getting a bit ahead of themselves because as i was saying in the last hour, redstone still is the controlling shareholder through his 80% owner of national amousements which controls both viacom and cbs and that is not changing any time soon. >> all right. the fact though that outside more independent person could become chairman, does that maybe pave the way more for maybe a break-up of viacom or some sort of new structure that could unlock value? >> you know, i don't think so, melissa. i really think those kind of mo

more changes afoot at sumner redstone's empire. what is next for cbs and viacom as the companies embark on a new era. the zika virus continues its spread, rising in the u.s. and spain. could genetic engineering be the answer? first, to our lead. linkedin shares plunging in after-hours trading as much as 30% on weaker than expected guidance for 2016. revenue in the current period will be $820 million, falling short of estimates by $47 million. revenue in the fourth quarter climbed 34%. the company reported net loss of $47 million, down 6000% year-over-year. he with me to break it down is our bloomberg intelligence analyst in san francisco. david kirkpatrick and new york. and our editor at large, cory johnson in new york as well. great to be here. all of us here. in one place together. cory, break it down. is this just about the forecast? cory: it is about the forecast for this is supposed to be a growth stock. across of a lot of important metrics. you saw growth but a meaningful deceleration of that growth. emily: linkedin gets comp

sumner redstone is out despite objections from his own daughter. lauren: earnings beat wall street expectations at linked in. we'll tell what you went wrong at career networking site. nicole: get ready for football. broncos and panthers take their final practices. lauren: weil show you some of the more bizarre ads you will see. including one called, monkey, puppy, baby. welcome to "fbn:am." latest breaking news and what to expect for your friday ahead. nicole: flying to a second place new poll in new hampshire. the poll says rubio gets 18% support in the granite state. donald trump holds the lead with 29%. ted cruz has 13%, followed by john kasich at 12%. the battle for second place between rubio, cruz and kasich remains with the margin of error plus or minus 6.8 percentage points. in interview with greta van susteren, new jersey governor chris christie talking about a report that he is teaming up with jeb bush to target rubio. >> complete baloney, greta. more "new york times" baloney. i guess they're getting bored. there are no back channel conver

cbs is certainly considered the healthier of the two of sumner redstone's companies. vie an com has been struggling, and i think this raises a lot of questions about how long sumner redstone will be chairman of viac viacom, and i think as the sumner redstone lawsuit filed by his ex-girlfriend continues over the coming weeks, it will be interests to see what comes out, that he was still participating member of the board and giving him input and feedback. >>> dennis, anything to add? >> i don't see how he can remain chairman, if he's somehow infit fob chairman of cbs. the big question is whether they rem remain joint companies, will there be a fight over to controls them, and potential m & a. >> or even a recombination. >> i think this is obviously great news for cbs shareholders. less moonves is an excellent operator and manager, and i i imagine you will see this spilling over, but i certainly think on the viacom side that is a very viable m & avan& a candi >>> viacom shares up 8%. that does seem to be pricing in a lot of this discussion if they're now an attractive ta

sumner redstone resigning as cbs' executive chairman. the ceo set to take the reigns here. acom is also expected to move redstone out of that role as its executive chairman. a final decision won't be taken until the company's board meeting today. shareholder pressure has been building as many have questioned redstone's health and ability to lead both firms. you can see here shares of viacom, $47.57. cbs shares, let's take a look at those. in the extended trade, up by 4%. >> the interesting one to watch is going to be viacom. that's where we saw the sharp move higher yesterday in the after hours. the question, does it put it in play for a deal? >> consolidation. is it going to happen? >> a lot of change in this industry. >> you have perhaps this whole idea that the current ceo, his daughter, there could be a battle brewing there. that agitation you can see there sending those shares higher, 9% in the premarket. >> though david faber came on, who broke the story for us, and has followed this company closely. says maybe investors are getting a little ahead of themselves. a lot

sumner redstone steps down. we will discuss. first to the lead, gopro shares plunged in extended trading. investors focused on the sales guidance coming in way below estimates. first-quarter revenue between $160 million and 180 million dollars compared to 287 minute dollars and estimates. the company is also playing the cfo with ryan mcgee from qualcomm. it slashed the price twice since its debut in july. what is next for the company to do? is bob mcdonnell. thank you for joining us. what went so wrong at gopro? >> the problem you've got is this is a company that's been trying to promote themselves originally as a media company and as a bigger vision player. people have recognized it's a hardware company that has an audience that quite radically is somewhat limited. -- quite frankly is somewhat limited. we pretty much have what we need, and this is the reality they are starting to face. to nicket's listen woodman on the call just moments ago talking about the competition. take a listen. >> in several respects, business is good.

an end to sumner redstone's reign over a company that he has controlled for 30 years.one's departure leaves. >> this is the moment that people have been waiting for for a long time. there have been all these rumors, conflicting reports, about sumner redstone's health. he is 92 years old, so finally the moment, where he steps down as chair of cbs and viacom. cbs, no drama, no surprise, les moonves well thought of. he is a ceo elevated to chair. viacom, totally different story. david: why is it a different story? >> basically the last year and a half, two years, viacom has been struggling, cable networks, nickelodeon, i falling off a cliff. it is not a diversified business. as the ratings have fallen, the stock price has gotten crushed, down more than 50% over the past that has as all happened, investors have said something needs to change. we need management, a new strategy, something, but basically as long as sumner has been in the picture, he is very close with the ceo of viacom, people are like it's not going to change until something changes with sumner, but as thes

rain forthe end of the sumner redstone.t to head out to los angeles for this because it was some board -- some boardroom drama with shari redstone saying she does not think they should be chairman of the company. what should happen -- what happened here? it sounds like she is on an island. according to people who know what was happening on this sherry wascall that the only dissenting voice. it was a 10 to one vote, including sumner. philippe has spent a lot of time currying favor with sumner and the rest of the board and he has a lot of people who are loyal to him and it's going to take more than her attitude to change that. betty: so what happens to her? she still has a say in both companies and when her father dies, the power and control of natural amusement, which owns cbs and viacom does past through -- does pass through a trust in which she is a member. i think she can curry favor but at the moment, les moonves and viacom have sustained control of those companies. sounds like she may have the investors backing when she

scarlet: cbs announcing that summer -- sumner redstone is stepping down, to be replaced unless move astaking on the chairman role. in addition saying that sherry redstone, sumner redstone post daughter declined the nonexecutive chairman role. she was offered that but declined because she is busy with other responsibilities. her responsibilities and recognition of her confidence in mr. move as. if you look at how cbs shares are performing after-hours, they shot up on the announcement. certainly news that investors like to hear. coming inside the bloomberg terminal, you can see that this board.cbs management sumner redstone of course , hased as chairman in 2006 overseen and 8.79% total return during that time for the stock. similarly he has seen a similar kind of return. this is notable as you look at how investors are reacting to this news. looking at alix: oil, six opec and non-opec producers have agreed to an emergency meeting. joining us by the phone is the head of commodities and derivatives research at bank of america merrill lynch. we saw oil prices rallying before this news broke

the stock's on the move since former chairman sumner redstone resigned as chairman earlier this monthust gotten more dramatic and juicier as private details may provide fodder for shareholder lawsuits that may explode all over the place. charlie gasparino coming down to break it right here next on "countdown to the closing bell." ♪ ♪ you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. libe

cbs chairman sumner redstone is stepping down and les moonves will take his place. ill also remain the company's president and ceo. redstone's daughter sherry was offered a nonexecutive role but she declined it. she will be vice chair. lucas, what is your read on this? lucas: a couple of things. one that this is just a vote of confidence for les moonves. he has said for some time that all things are going well at cbs when you consider the broader media environment has taken a beating where viacom has dropped the most and there have been a lot of complaints about the leadership. the bigger question is to what happens there. there will be a board meeting with the viacom board tomorrow to decide what happens with the chairman role. there's a lot of speculation that sumner will lead and somebody else will get amped up. emily: shareholders already coming out saying not to point -- not to appoint moonves. what do you make of that? >> so did sherry redstone, she issued a statement saying she didn't think anyone who is a trustee should also be the chairman of viacom. that wo

first and gopro video streams people were piling tons of it in. >> it is the end of an era for sumner redstoneaking over the role. redstone will be moved out of the role of executive chairman. shareholder pressure has been building over time as many questioned redstone's health and ability to lead the firm. analysts say they don't expect the move to have an immediate impact on the company. >> fears of a possible recession have benton rise. can markets predict if it will happen. steve liesman did some digging which bear markets lead to a recession and which didn't. >> a few weeks ago joe repeated a famous comment stocks have predicted five of the last nine recessions. we used data frl financial research firm. here's what we found. 13 bear markets in the post-war period each one of those denoted by a bear paw that's where stocks jumped from their highs and stayed there for a month. our test was a recession officially declared within 12 months of the start of the bear market? here's our results. it was just about spot on. markets have predicted 13 of the past seven recessions for a batting averag

. >> sumner redstone steps down as chairman of cbs. viacom elects successor of chairman there expect it to be felipe deman. we'll have more. >> gopro stock falling more than 80% from its high. >> house oversight committee hearing on drug prices getting under way on capitol hill. shkreli among those called to appear. last year he sparked outraise when he raised the price of a life-saving drug from $13.50 to $750. shkreli arrived a few moments ago and said he will not answer law makers' questions. valeant ceo shiller at the hearing expected to provide testimony. we know the travails the sector has had. how much of it is this drag from the political risk on pricing regulations? >> given the fact the quarters have almost uniformly been positive, i would say this hearing, just the chatter about pricing, obviously what the democrats are doing, each one sanders versus hillary constantly trying to figure out who can one-up trump calling for medicare to negotiate prices. that is the kiss of death in the industry. the political is driving almost

we're at the beginning of what could be a battle here over viacom's leadership on the heels of sumner redstone stepping down from the post. >> certainly appears that way. our next guest had a vested interest in the outcome of today's board meeting. >> mario gabelli joins us on the phone in a cnbc exclusive. >> i'm delighted to chat. >> we're delighted to have you. and we believe it's in the best interest of the company and all shareholders. do you agree with that statement? >> first let's deal with the retirement of a visionary and a media mogul. sumner we think he created a fantastic company. and bought himself a period of time to do the following. first take a partner in in pair mount. you have alibaba and amazon and alphabet. three companies could put 10 billion in at jv and you could have an interesting currency to make acquisitions and what they need which is a hit business. take on amc and other companies, the way the chinese did legendary. the values are there. secondly from 30,000 feet for september 30th, 400 million shares of 45 or $50 stock with 12 billion in debt, you got 4 billion

cbs announced that leslie moon- ves has been elected the next directors. 92-year-old sumner redstone resigned from his position as executive chairman and has been named chairman emeritus. moon-ves will maintain his position as president and ceo of cbs as well as assuming role as chair. the new chairman says that he is honored to accept the position and greatful to continue working with, vice chair, shari redstone. shari redstone, nominated moon- ves and his appointment was confirmed by a unanimous vote of the cbs directors. a california man is suing mcdonald's in federal court over what he says is fake cheese in the company's mozzarella sticks. chris howe is asking for his dollar-and-27 cents back, and seeking damages for u-s customers he says were misled. mcdonald's website describes the cheese sticks as being made with 100 percent real mozzarella. but the complaint claims that the fast food chain instead uses ingredients. howe alleges tests proving the sticks have more water and starch than federal food labeling laws allow. coming up on channel 2 news this morning... the virginia s

sumner redstone calls it quits at cbs. ♪ welcome. you are watching "bloomberg ." am stephanie ruhle. my partner, david westin, is out this week. corey johnson joins me. johnson joins me. cory: yes. england keeping it unchanged at 0.5%. this was not unexpected of course. , so it wasted 9-0 unanimous to hold its rate at 0.5%. you can see how futures are moving right now. up across the board, not huge gains. also games in europe right now, the ftse and 81, the biggest gainer of the european majors right now, let me toss it over to mark barton, who is standing by in london with more. mark? mark: big news because ian mccafferty has been posting to raise interest rates each of the last six meetings. he joined the rest of the bank of england, and as you said rightly, the bank of england is now 9-0 to keep interest rates at a record low .5% am where has been, by the way, since march 2009. that is the for significant move. we have a more dou dovish bank f england. reading through some of the announcements of the minutes of the meeting of course, we have the quarterly infla

rose by 4% in after hours trade after the kbaen named the ceo as chairman, replacing the ailing sumner redstone. his daughter declined an offer to become executive chairman but would remain on as vice chair. meanwhile, viacom's board will be meeting today to replace sumner as company's ceo a california judge ruled in january that redstone should submit to a mental competency exam as part of an ongoing dispute about whether the 92-year-old billionaire was fit to remain chairman of the companies. shares popping by more than 9% in after hours trade. >>> and gopro's fourth quarter earnings missed expectations, causing shares in the wearable camera maker to fall as much as 19% in after hours trade. the company reported the fourth quarter loss of 8 cents per share. that's compared to a profit of 99 cents per share just a year earlier. gopro is one of a series of very high-profile tech stocks that now trades below its ipo price. we just got a number for you here. another is twitter, which is due to report earnings after the bell today. a couple more details on this story. we were talking about it yest

sumner's trust. >> there you have it. of course that speculation will continue despite what mr. dauman may said. shari redstonesumner's daughter and board member will continue to at least fire at the current management of the company. either in part to try to get some change there or perhaps to get some change on the trust, of course, which mr. dauman is a trustee with six other people. >> cable is not that bad. >> no. >> i expected things to be worse. >> terms of cord cutting or subscriber erosion? >>ing about disney tonight. >> we have disney tonight. we'll see what mr. iger chooses to say and what the numbers look like. it's not that bad, you could argue, but it's moving obviously -- not moving in an up direction. >> but it's not an oil company. >> no. >> is that the standard now. >> that's the new benchmark. >> not an oversupply, no sense of equilibrium -- >> no dry holes there. >> if you have a compelling content, these companies will tell you it doesn't matter what platform, they'll get paid for it whether it's an over the top streaming service or whether it's in the bundle that cable providers still off

sumner redstone who recently chairman, named chairman emeritus. coming up next. >> announcer: this is the "cbs overnight news." >>> hi, everyone. welcome to the overnight news. the zika virus epidemic has been granded a global health emergency. now it entered unpredictable new phase. the cdc confirms a person in texas contracted the virus through sex with someone who traveled to venezuela. the world health organization says sexual transmission of zika is very rare and it is the first contracted the virus without traveling abroad. ground zero of the epidemic the brazilian city of recife. dr. lapook is there. >> reporter: the health commissioner told me zika is rampant, sexual transmission not yet documented. felt to be spread by mosquitoes and causing a devastating birth defect which is why pregnant women are so concerned. 30-year-old is pregnant with her fourth child. are you worried for your own baby? she says she is worried but had no obvious symptoms of zika. cases of microcephaly across brazil total 4,000. several hundred suspected cases just

sumner redstone stepping down. charlie gasparino has the story on that one. >> he's done.listen, we've been reporting this out for a while that you know this lawsuit from his personal assistant, that basically, whether you take sides, no matter what side you take on this lawsuit his personal assistant showed sumner redstone has got some issues. those issues are, that he might not be all there. he is very old and here's the question i have with him stepping down, les moonves of cbs will replace him for the president of the holding company for viacom and cbs. why did he do it? we know he has got some issues. he is very old. if you ever see how he signed a contract, i think the contract for viacom you would know there is issue here. did he resign because he is getting hit with a lawsuit or is sec investigating this? here's the thing, if you have a chairman of a company, he is not a non-executive chairman, he is a executive chairman who signs a multimillion-dollar bonus checks of your top executives and he is mentally incapacitated, that is an issue that brings in the sec and

cbs cbs corporation announcing l-es miewn vest is elected the next chairman of cbs replacing sumner redstone who resigned yesterday and appointed chairman and cb is s is the parent company of wbz. >>> do you talk so fast that people have a hard time understanding you. >> next time tell people in other states to talk faster. how many other states? where we rank coming up. >> where's the cheese? tonight mcdonald's mozzarella sticks are the focus believe it or not of a multi million dollar lawsuit. >> then we all know patriots arenot playing in the super bowl but gronk is in california. how he used an appearance on late night tv to make a patriots dream come true. if you've fought... you know picking a commander in chief is no small thing. you're looking for smarts... and guts. we looked at each candidate... we studied their record... we know... looked them over... we checked them out... and we chose one. there's only one. jeb bush. he's got a plan. he'll keep us safe. he's a president - a commander in chief. jeb bush. best prepared to be commander in chief. right to rise usa is responsible for

ultimately the assets had to be sold. >> how does the sumner redstone soap only pcompare. >> it's notextreme. i mentioned the gucci case where the ex-wife hired a hitman to kill her husband and succeeded and went to jail. there's some extreme examples, but it's pretty much of a mess. shari redstone, his daughter, is at odds with phillippe dauman, chairman of viacom. it's unstable. if they don't reconcile fairly soon, the assets typically end up getting sold, which may be welcome to investors, particularly when you look at viacom earnings this week. i'm amazed the director said we want continuity, that's why we're picking dauman. why do you want continuity in a company where the shares are down 50% in the last year and all the performance looks to be dreadful. >> sumner planned for this for a long tichme. that's why he has a trust with seven trustees that will take over upon his death and/or if he's deemed not capable of taking care of these things himself, jim. he's had this plan in place for a long time. nothing says when he does pass that there's a forced sale. to your point, i thin

he takes over for sumner redstone, who resigned. he joined cbs in 1995 and has held numerous positions including president of cbs entertainment of pres. and ceo of cbs television. >>> we continue to follow breaking news. a six-year-old boy has been hit by a police car. we are told that child is in stable condition. the scene is nw. 50th st. and fifth avenue, we have a crew on the way as we take a look at these live pictures. >>> an explosion on board the plane. investigators want to know if a bomb caused this frightening scene. that story later on. >>> stepping up security for the super bowl this weekend. go inside the operation to keep the big game safe.>>> we are live word. ongoing carjacking and chase came to an end. we will have the latest on the victim, who was shot and pistol whipped and why detectives think it happened. >>> a good deal of clouds to start the day. temperatures warmed lowe's presents: how to put your foot in your mouth. man, wish my yard looked like yours. hey, the grass is always greener on the other side of t

. >> a sumner redstone stepping down from cbs and viacom and leaving a maelstrom in his weight. >> andamed cu you want high functioning rear. we go behind the scenes of the latest issue of bloomberg businessweek. ♪

moonves replaces sumner redstone who resigned yesterday and was appointed chairman emeritus. >>> a new look now for a new york city police precinct and it will offer much more than current ones. how the nypd hopes it helps their relationship with the public. also, a new program to get rid of unused prescription drugs on long island. why the way that you're doing it now could be harmful in more ways than one. >> it has been a rainy day out there. some of that rain has been heavy in spots. 95 in connecticut but it's about the chance for snow. i see two chances over the next coming days. we'll talk about that in just a bit. >> and coming up next on the "cbs evening news," donald trump wants a redo and spelledly is here now live with more on that, scott pelley reports. >> reporter: great to be with you, kristine. how could it have been otherwise? donald trump tweeted today that the iowa caucuses this week were stolen and he wants we will have that story and the rest of the campaign news [ laughing ] all coming up for you on the "cbs evening news" at 6:30. >> never a dull moment. thank you.

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that leslie moonves has been elected the next chair of the cbs board of directors. 92-year-old sumner redstone resigned from his position as executive chairman and has been named chairman emeritus . moonves will maintain his position as president and ceo of cbs as well as assuming role as chair. the new chairman says that he is honored to accept the continue working with, vice chair, shari redstone. moonves and his appointment was confirmed by a unanimous vote of the cbs directors. a california man is suing mcdonald's in federal court over what he says is fake cheese in the company's mozzarella sticks. chris howe is asking for his dollar-and-27 cents back, and seeking damages for u-s customers he says were misled. mcdonald's website describes the cheese sticks as being made with 100 percent real mozzarella. but the complaint claims that the fast food chain instead uses starch additives and filler- ingredients. howe alleges tests proving the sticks have more water and starch than federal food labeling laws allow. time to check out our roadways with r-j in the more f-m traffic no accidents or in

he said, evidence is clear sumner redstone is marooned and a prisoner in his home, he says they're developingnce to show redstone was brainwashed and kidnapped in his own house. and, of course, redstone's camp also came out with a statement, they say this is a far cry from a win for manuela herzer, but seems like that by the fact that the case was not dismissed today. >> does this mean there will be a court case? we'll start to hear stuff that could be -- >> they're setting a -- it could be very interesting. they set a trial date for may. i believe may 6th. and then the other question here is there has been all this information gathered, but it has been sealed. so on friday the los angeles times variety and the hollywood reporter said they want these documents unsealed. and there is going to be a hearing on that and whether the documents will be unsealed i believe in march. so, yeah, march 18th they'll decide whether or not to unseal the documents. but manuela herzer, her lawyer also filed something on friday saying they do believe that these documents should be unsealed and sumner's camp wan

. >> sumner redstone leaving behind i wait. >> and a company named cu you want high functioning rear.enes of the latest issue of bloomberg businessweek. right here on bloomberg television.