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Media Moguls And Their Nonexistent Succession Plans

  • Variety, Monday, May 23, 2011 3:01 PM
Variety's Paige Albiniak discusses the murky path ahead for Viacom and News Corp. as heads of both companies, 88 and 80 respectively (that's Rupert Murdoch and Sumner Redstone, of course) decline mention of retirement.

"Both patriarchs have muddied the waters by bringing children into their companies even as they have hired strong non-family members as their top execs -- leaving Wall Street watchers to fill in the blanks with speculation," Albiniak writes.

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