Don't give it another thought. The amount of money's so pitifully small for a guy that rich and the penalty so high for getting caught that it's just not likely he's stupid enough to do this.

Of course, I said that about Martha too.

"Thicker than rain drops from a Texas hurricane falling on a daring and impetuous but ultimately honest and sincere young reporter with no political party affiliations whatsoever, really."

I have written extensively on this as well, and think my post adds to Thomas Lifson's perpective. Thanks, Jack Risko

http://www.dinocrat.com/archives/2004/09/19/sumner-redstone-martha-stewart-and-dan-rather/

No evidence that Redstone is doing anything other than rearranging the assets of his vast wealth a bit. The Viacom shares mentioned planning to be struck or sold are a pittance of this legendary, tough Hollywood Jewish business mogul's holdings.

You have to look at his past SEC filings to understand his dealings - which show he reallocates his investments regularly.

On the surface, since the public was appraised that the documents were fake by the Internet storm long before Redstone was made aware of it, there is no basis for saying he was acting on inside info.

While Redstone is a greedy capitalist billionaire totally unconcerned with bettering society, only bettering Sumner & His Own - he is in no trouble. On the other hand, when he or his heirs (the guy is old! old!)looks at the CBS fools for more downsizing opportunities to make more Sumner Redstone money flow to the vast Redstone Family coffers....well, lots of CBS people are what I'd call in the "deep and darks". Redstone is thought to be one of the most ruthless ones out there.

My commentors have convinced me that the Redstone thing is crap, an infinitessimal farction of his holdings.

http://www.indcjournal.com/archives/000960.php

The Redstone thing is most likely crap. He's probably on an irrevocable plan to sell pre-arranged blocks of shares or options at certain dates regardless of where the price is or where Rather's head is wedged.

The 341,500 are only about 1/3 of the options he was holding not "substantially all" as noted above. See Table II, Col. 9. of the filing. He's got 658,500 options left in his hand.

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