Viacom board votes to stop paying Sumner Redstone

(Reuters) - Viacom Inc's board voted on Wednesday to stop paying 92-year-old controlling shareholder and Chairman Emeritus Sumner Redstone, according to a source familiar with the matter. Viacom had cut the total pay of its billionaire chairman, who also owns a majority stake in CBS, by 85 percent to $2 million (£1.4 million) last year. Redstone remains chairman emeritus, according to the Wall Street Journal, which first reported the pay cut.