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Friday, February 27, 2009

Sumner Redstone Gets More Time To Pay His Bill

Summer Redstone, right, has reached a deal with his banks, led by Bank of America, that gives him two more years to pay down some of the $1.4 billion he holds in debt with them.

Redstone controls both Viacom, CBS and family holding company, National Amusements, which runs his movie theater chain.
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