BOSTON, Sept. 13, 2012 /PRNewswire/ -- Boston University today announced that well-known media executive and Boston native, Sumner M. Redstone, has given $18 million to help expand and improve the facilities of the Boston University School of Law, including the construction of a new building adjacent to the School's core facility; the new building will be named the Sumner M. Redstone Building. Mr. Redstone serves as Executive Chairman of the Board of both CBS Corporation (NYSE: CBS and CBS.A) and Viacom Inc. (NASDAQ: VIAB and VIA). Mr. Redstone is the controlling shareholder of both companies through National Amusements Inc., a leading theatrical exhibition company based in Dedham, MA.
Located to the west of the "Law Tower," the new Sumner M. Redstone Building will provide a new entrance to the Law School, as well as house the majority of the school's classrooms. The Redstone Building will provide space for the expansion of the school's library, as well as contain facilities to support clinical, transactional, and executive and professional education programs.
"This gift comes at a pivotal moment in the history of our School of Law," said Boston University President Robert A. Brown, "and it will have a tremendous impact in two ways. First, it will permanently link the school with the Redstone name, which will forever set a high standard for our work in legal education and scholarship. And second, it means that our long-deferred dream of transforming the School of Law campus can now begin with the groundbreaking for this new building."
" Boston University School of Law is one of the finest institutions of legal scholarship in the world and deserves a home that will enable it to continue to innovate and build on that legacy," said Mr. Redstone. "As a former faculty member, native Bostonian, and the proud parent of a BU Law graduate, I could not be more pleased to provide this gift that will benefit generations of future students."Mr. Redstone's relationship with BU long predates his current gift. In 1982, he joined the faculty of the Boston University School of Law, where he created one of the nation's first courses in entertainment law. Mr. Redstone also pioneered the school's curriculum for protecting intellectual property in the entertainment industry, which continues to be one of the school's strengths. In 1994, Mr. Redstone received an honorary Doctor of Laws from Boston University. In addition, for more than 30 years he has sponsored the Boston University Redstone Film Festival. Recognized as one of New England's premier venues for film and television, the annual festival features projects written and directed by graduate and undergraduate students from the BU College of Communication. Redstone winners and finalists have gone on to become some of Hollywood's most successful directors, screenwriters, and producers. Boston University and Boston University School of Law Founded in 1839, Boston University is an internationally recognized private research university with more than 30,000 students participating in undergraduate, graduate, and professional programs. BU consists of 16 colleges and schools, along with a number of multi-disciplinary centers and institutes which are central to the school's research and teaching mission. The BU School of Law is a top-tier law school that is nationally recognized for its premier teaching faculty and academic strengths in health law, intellectual property, and tax law. With an enrollment of more than 800 students from across the country, the law school offers an expansive legal curriculum, extensive experiential learning opportunities, and a collegial student environment. Since its founding in 1872, BU Law has admitted students of ability without regard to race, gender or religion.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts