Viacom board votes to stop paying Sumner Redstone - WSJ

(Reuters) - Viacom Inc's board voted on Wednesday to stop paying 92-year-old controlling shareholder and Chairman Emeritus Sumner Redstone, the Wall Street Journal reported, citing a person 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 last year. Redstone remains chairman emeritus, the Journal reported, citing the person.