Redstone to overlook Viacom annual meeting

Redstone Viacom chairman Sumner Redstone will not be attending Viacom's annual meeting in NY in a few days the very first time in a long time like a company spokesperson stated the mogul had an inevitable conflicting commitment. Redstone, who's 88, lives in La. The investors meeting will occur at Viacom headquarters off Occasions Square in Gotham Thursday morning. He'll address investors using a videotaped presentation.The spokesperson stressed that Redstone's absence was unrelated to his health, the condition of that has been a topic of speculation by industry gamers and Wall Streeters. Redstone rarely meets traders at his home because he used to, stated one fund manager, although he is constantly on the introduce the income conference requires Viacom and sister company CBS. Redstone controls both through his family holding company National Activity.Redstone, together with his grand son Brandon, attended the Oscars on Sunday. He'll be available in the finish from the month for his Hollywood Walk of Fame star ceremony. It could not be immediately confirmed if Redstone's daughter, Shari Redstone, who's around the Viacom board and runs the nation's Activity theater chain, is going to be in the meeting although she frequently attends. Contact the range newsroom at news@variety.com