Late media magnate Sumner Redstone has been honored by the city of New York.
A portion of a Times Square street off 44th and 7th, which runs in front of the Paramount Global Headquarters, was renamed Sumner Redstone Way at a street-naming ceremony Tuesday with the Redstone family, senior leaders from Paramount Global and Councilmember Erik Bottcher of District 3 all in attendance to recognize Redstone’s contributions to the media and entertainment industry.
“My father was one of the great champions of the media industry. By taking smart risks, never making a decision out of fear and doing things his way, he drove the industry continuously forward,” Shari Redstone, chair of Paramount Global and president and CEO of the Redstone Family Foundation, said at the event…