From KCRW in Santa Monica, I'm Claude Brodessa Ackner, and this is The Business.

So you still want to do the show business, and you think that you got what it takes.

I mean, you really got a rap and be all at.

But prepare yourself for the brakes, check it out.

This week on the business, inside the world of media mogul Rupert Murda, the man who owns the news and a lot of Hollywood.

He wants you to watch Fox movies and TV shows, even if he wouldn't touch the stuff himself.

But first, it's the Hollywood News Caravan.

Stick around. It's The Business from KCRW.

Thank you. On today's show we talk about media mogul Rubt Murdoch, though in recent weeks we've

been closely following the fate of fellow mogul Sumner Redstone.

His holding company, National Amusements, which owns Viacom and CBS, owes its creditors $800 million,

and that bill has come due.

But on a CBS earnings call last week, Redstone was

a bullion announcing that, quote, good progress was being made in figuring out how to repay his

creditors. New Service Reuters insists that the reason for Redstone's good cheer is not an overdose

of his favorite Brazilian superjuice, but rather a sell-off of his movie theaters,

and lots of them.

All of National Amusement's U.S. screens, except those in New England, are expected to go up for sale,

along with theaters in Latin America and possibly those in the U.K.

They could be yours for $600 million.

Now, Sumner just has to check the ashtray and his Bentley for the remaining $200 million,

and he's all set.

...