Editing Sumner Redstone (section)

===Viacom===
As a hedge against slow growth in movie theaters, Redstone began buying stock in [[Viacom (1952–2006)|Viacom International]] in 1985.<ref>{{harvnb|Hagey|2018|p=117}}</ref> Viacom spun off from [[CBS]] in 1971 after the [[Federal Communications Commission|FCC]] ruled at the time that [[television network|television networks]] could not [[Television syndication|syndicate]] their own programs.<ref>{{cite web|title=Who's the Boss?|url=http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=201165&_DARGS=/fragments/frg_featured_links_old.jhtml_A&_DAV=artcol.jhtml|last=Leonard|first=Devin|work=Fortune|date=April 16, 2001|archiveurl=https://web.archive.org/web/20011222015304/http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=201165&_DARGS=/fragments/frg_featured_links_old.jhtml_A&_DAV=artcol.jhtml|archivedate=December 22, 2001|accessdate=October 22, 2023|url-status=dead}} Article continues on pages [https://web.archive.org/web/20020220171625/http://www.fortune.com/indexw.jhtml?_DARGS=/artcol.jhtml.4_A&_DAV=artcol.jhtml&channel=artcol.jhtml&doc_id=201165&page=2 2], [https://web.archive.org/web/20020220170520/http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=201165&page=3&_DARGS=/artcol.jhtml.4_A&_DAV=artcol.jhtml 3], [https://web.archive.org/web/20020220172700/http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=201165&page=4&_DARGS=/artcol.jhtml.4_A&_DAV=artcol.jhtml 4], and [https://web.archive.org/web/20020220171955/http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=201165&page=5&_DARGS=/artcol.jhtml.4_A&_DAV=artcol.jhtml 5].</ref> Viacom initially syndicated CBS network shows such as ''[[Gunsmoke]]'', ''[[Hawaii Five-O (1968 TV series)|Hawaii Five-O]]'', and ''[[I Love Lucy]]''.<ref name="Hagey 113 116"/><ref>{{cite web|archiveurl=https://archive.today/20231021034057/https://fortune.com/2020/08/12/sumner-redstone-obituary-viacom-cbs/|archivedate=October 21, 2023|title=Sumner Redstone, Viacom founder and old-fashioned media mogul, dies at 97|url=https://fortune.com/2020/08/12/sumner-redstone-obituary-viacom-cbs/|work=Fortune|date=August 12, 2020|last1=Ingram|first1=Mathew|last2=Warner|first2=Bernhard|accessdate=October 20, 2023|url-status=dead}}</reF>

Viacom also owned [[MTV Networks]] (formerly known as Warner-AMEX Satellite Entertainment), which owned [[MTV]] and [[Nickelodeon]].<ref name="Hagey 113 116">{{harvnb|Hagey|2018|pp=113, 116}}</ref> In addition, other properties included pay television networks [[Showtime (TV network)|Showtime]] and [[The Movie Channel]].<ref>{{cite web |title=CBS-Viacom merger reunites the storied network with Comedy Central, MTV and Paramount Pictures |url=https://www.latimes.com/entertainment-arts/business/story/2019-08-13/cbs-merger-viacom-comedy-central-mtv-paramount-pictures |website=Los Angeles Times |access-date=August 13, 2020 |date=August 13, 2019}}</ref> Viacom acquired MTV Networks in 1985 for $550 million from [[Steve Ross (Time Warner CEO)|Steve Ross]]' [[Warner Communications]].<ref>{{cite web |last1=Dreyfuss |first1=Joel |last2=Rogers |first2=Michael |title=Viacom buys MTV |url=https://money.cnn.com/magazines/fortune/fortune_archive/1985/09/30/66485/index.htm |website=Fortune |access-date=October 20, 2023 |date=September 30, 1985|archiveurl=https://web.archive.org/web/20071209083249/http://money.cnn.com/magazines/fortune/fortune_archive/1985/09/30/66485/index.htm|archivedate=December 9, 2007|url-status=dead}}</ref> 

After a four-month [[hostile takeover]], Redstone won voting control of Viacom for $3.4 billion on March 4, 1987.<ref>{{cite news|url=https://www.latimes.com/archives/la-xpm-1987-03-05-fi-7618-story.html |title=Viacom Accepts Redstone's $3.4-Billion Takeover Bid, Ending Four-Month Battle |newspaper=Los Angeles Times |date=March 5, 1987 |access-date=October 20, 2023 |first=Paul |last=Richter}}</ref><ref>{{cite news|url=https://www.latimes.com/archives/la-xpm-1996-01-18-fi-25989-story.html |title=SHAKE-UP AT VIACOM : PROFILE: A SURVIVOR : With Each Ouster, Biondi Bounces Back |newspaper=Los Angeles Times |date=January 18, 1996 |access-date=October 20, 2023 |first=Karen |last=Kaplan}}</ref><ref>{{harvnb|Hagey|2018|p=122}}</ref>