Viacom board scraps pay for Sumner Redstone
Viacom's board on Wednesday decided to eliminate one of the last corporate perks for its ailing founder, Sumner Redstone. Going forward, the media mogul who turns 93 next week, will not be paid an...
View ArticleBattle for Viacom: Sumner Redstone, 92, moves to oust men he picked as trustees
The struggle for control of Sumner Redstone's media empire - Viacom Inc. and CBS Corp. - culminated in a dramatic showdown Friday night. The 92-year-old mogul moved to oust Viacom Chief Executive...
View ArticleSumner Redstone again opposes Paramount sale as Viacom battle heats up
Ownership of movie studio Paramount Pictures has become a key issue in the high-stakes battle over the future of Sumner Redstone's media empire. On Sunday, for the second time in three months, the...
View ArticleIt's Game of Thrones at Viacom: Dauman vs. his mentor Sumner Redstone
Media mogul Sumner Redstone for years has lavished praise on his protégé, Philippe Dauman, calling him "the wisest man I have ever known," and trusting him with the keys to his corporate kingdom. Not...
View ArticleDrama, Sex and Millions at Stake: Key players in the Sumner Redstone Saga
Power struggles. Family rifts. Sex. The lawsuit over the mental competency of media mogul Sumner Redstone has all the elements of a great Hollywood drama. Here's a look at the key cast of characters...
View ArticleShari Redstone emerges as a pivotal figure in the battle for Viacom
Shari Redstone has long been on the sidelines of her father's $40-billion media empire. But in the last month she has emerged as a central figure in the battle over the future of Viacom Inc. and CBS...
View ArticleWhat would it take to put CBS and Viacom together again?
Sumner Redstone had his reasons when he split his media empire into two separate corporations a decade ago: He had two strong top executives whom he wanted to keep happy, and more than enough...
View ArticleSumner Redstone trust shakeup: New members are allies of mogul's daughter
Sumner M. Redstone's trust has two newly minted trustees who are expected to replace the media mogul's two long-time advisors, Viacom Chief Executive Philippe Dauman and attorney George Abrams. The...
View ArticleViacom board members vow to fight removal attempt
Gearing up for a battle for control of media company Viacom, board members on Monday took the unusual step of vowing to fight an expected campaign by Sumner Redstone and his family to shake up the...
View ArticleShari Redstone has 'no desire' to run Viacom, says spokesperson
More volleys were exchanged Tuesday in the battle for control of media company Viacom Inc. as a representative of Shari Redstone denounced statements made this week by Viacom's lead independent board...
View ArticleKeryn Redstone to join legal battle along with Viacom CEO Philippe Dauman
Sumner Redstone's granddaughter Keryn Redstone said she was joining the high-level fight for control of media companies CBS and Viacom - on the opposite side of her famous family members. Keryn...
View ArticleSumner Redstone says Philippe Dauman has 'done a bad job running Viacom'
Sumner Redstone is mentally competent, according to a UCLA geriatric psychiatrist who has examined the ailing media mogul twice during the last two weeks. Redstone, during those visits with the...
View ArticleSumner Redstone tries to block Philippe Dauman's efforts to return to trust
Sumner Redstone is asking a court to derail Viacom Chief Executive Philippe Dauman's efforts to quickly reclaim a seat on a trust that eventually will oversee the mogul's $40-billion media empire....
View ArticleSumner Redstone should undergo an 'immediate medical evaluation,' Viacom CEO...
Lawyers for Viacom Chief Executive Philippe Dauman assert in new court papers that ailing Sumner Redstone should submit to an "immediate medical evaluation" by a neutral doctor to determine the media...
View ArticleSumner Redstone's firm changes Viacom's bylaws, creating a big hurdle for...
Media mogul Sumner Redstone may have dealt a potential death blow to Viacom Inc.'s plan to sell a stake in movie studio Paramount Pictures. Redstone's National Amusements Inc., the controlling...
View ArticleSumner Redstone tries to derail Philippe Dauman's plan to sell Paramount stake
The battle between ailing media mogul Sumner Redstone and his longtime protege Philippe Dauman intensified Monday when the family's holding company moved to block the potential sale of a stake in...
View ArticleViacom CEO says fight with Redstones has slowed the company's Paramount...
Viacom Chief Executive Philippe Dauman said the planned sale of a 49% stake in Paramount Pictures has hit a speed bump because of the battle with the company's controlling shareholder, Sumner...
View ArticleBattle for Viacom control flares up; Paramount sale could falter
Battle for control of Viacom flared up with the Sumner Redstone family working to line up prospective new board members, and Viacom executives countering that the clan's recent actions - including...
View ArticleWhy Sumner Redstone's men - Leslie Moonves and Philippe Dauman - made a...
When it comes to executive compensation, few corporate chieftains have soared to the sky-high levels enjoyed by Sumner Redstone and his top lieutenants, Leslie Moonves and Philippe Dauman. CBS Corp....
View ArticleSumner Redstone's ex-companion Manuela Herzer asks for new trial in...
Sumner Redstone's former companion, Manuela Herzer, is renewing her legal effort to have Redstone declared mentally incompetent, comparing the ailing 93-year-old billionaire media mogul to the...
View ArticleViacom board members plead for a visit with Sumner Redstone
Sumner Redstone briefly visited his treasured movie studio Paramount Pictures in Los Angeles last week, but Viacom board members say their efforts in recent weeks to meet with the 93-year-old media...
View ArticleSumner Redstone to Viacom board: 'I do not trust you'
In a dramatic move that suggests a major shake-up at media company Viacom Inc. may be imminent, Sumner Redstone said Wednesday that he has lost confidence in his hand-picked board members who oversee...
View ArticleMeet the newly named Viacom board members
The ongoing Sumner Redstone corporate soap opera continued Thursday with the move by mogul and his daughter Shari to unseat five members of Viacom Inc.'s governing board. Viacom Chairman and Chief...
View ArticleSumner Redstone moves to oust CEO Philippe Dauman, others from Viacom board
In a bold stroke, Sumner Redstone and his daughter said they were replacing five members of Viacom Inc.'s governing board, including Viacom Chairman and Chief Executive Philippe Dauman -- a move aimed...
View ArticleViacom employees become casualties of corporate chaos
The boardroom battle raging at media company Viacom Inc. has roiled one oft-forgotten contingent: Viacom's workforce. Over the last six months, Viacom employees at MTV, Comedy Central, Nickelodeon,...
View ArticleSumner Redstone asks Massachusetts judge to dismiss Dauman case
Sumner Redstone's lawyers are asking a probate judge to dismiss a high-stakes lawsuit that challenges the mogul's decision to oust two longtime advisors from their influential roles helping oversee...
View ArticleSumner Redstone's mental competency is key in the Viacom board dispute, judge...
Sumner Redstone's mental capacity will play a key role in the dispute over the media mogul's move to oust five Viacom board members, a Delaware judge said Wednesday. But the judge stopped short of...
View ArticleViacom CEO seeks immediate mental examination of Sumner Redstone
Viacom Chief Executive Philippe Dauman and a fellow director on Thursday demanded an "immediate" mental examination of Sumner Redstone, in the latest move in the war over the 93-year-old media mogul's...
View ArticleViacom CEO pushes for fast-tracked trial in Redstone trust case
Lawyers for Viacom Chief Executive Philippe Dauman on Monday pressed a Massachusetts court to fast-track a trial over his removal from the trust that will control the company. Ninety-three-year-old...
View ArticleSumner Redstone's National Amusements calls on Viacom to stop 'vicious attacks'
Sumner Redstone's investment vehicle stepped up its campaign against Viacom board members who contend that the ailing 93-year-old mogul lacks the capacity to make decisions about his family's media...
View ArticleJudge asks for more information in lawsuit challenging Sumner Redstone's...
A Massachusetts judge on Thursday put off a decision on whether to toss out a lawsuit that challenges the mental competency of mogul Sumner Redstone, keeping alive a contentious fight over the future...
View ArticleViacom still working on sale of a stake in Paramount Pictures
Viacom Inc. is urging a judge to expedite legal proceedings in Delaware because of the fragile health of media mogul Sumner Redstone and because any delay could hamper the company's efforts to raise...
View ArticleWhy Viacom Chief Philippe Dauman is fighting his longtime boss, Sumner Redstone
One question looms large as pressure mounts on Viacom Inc. Chief Executive Philippe Dauman: Why is the embattled executive waging a high-stakes war with his longtime boss? Power, pride, principle --...
View ArticleJudge denies new trial for Sumner Redstone's ex-companion
Sumner Redstone's former companion, Manuela Herzer, lost her bid for a new trial in her continued legal effort to have the 93-year-old media mogul declared mentally incompetent. Los Angeles Superior...
View ArticleUnder pressure to turn his struggling studio around, will Paramount's Brad...
Leonardo DiCaprio came to the Sunset Tower Hotel with a birthday gift for Paramount Pictures Chairman and Chief Executive Brad Grey. The actor was looking for a new home for his production company,...
View ArticleViacom chief nears Paramount deal that investors doubt will get past Redstone
Embattled Viacom Inc. Chief Executive Philippe Dauman is moving closer to clinching a deal to sell a 49% stake in movie studio Paramount Pictures, possibly for as much as $5 billion, to the Chinese...
View ArticleRedstone family reaffirms opposition to Paramount sale
Viacom Inc.'s plan to sell a stake in its historic Hollywood movie studio, Paramount Pictures, suffered another setback Friday when the Redstone family publicly reaffirmed its opposition. Sumner...
View ArticlePhilippe Dauman paves the way to leave Viacom as CEO if he's ousted from the...
Philippe Dauman, the chief executive of Viacom Inc., is laying the groundwork to leave the company if Sumner Redstone's attempt to oust him from the board is successful. Dauman and Viacom Chief...
View ArticleSettlement to end Viacom war would have CEO Philippe Dauman replaced by Tom...
Talks have accelerated to end the bitter boardroom dispute between Sumner and Shari Redstone and Viacom's top officers, with Chief Executive Philippe Dauman expected to leave with a generous exit...
View ArticleRedstone saga shows that ego and family can make succession a risky business
The drama surrounding Sumner Redstone and the corporate governance of Viacom Inc. hasn't been an endorsement for publicly held companies controlled by a single family. Redstone and his daughter Shari...
View ArticleViacom power struggle ends with Shari Redstone ushering in a new era for the...
Shari Redstone would tell her tough-as-nails father, Sumner Redstone, that she possessed 80% of his brains, 90% of his passion and 100% of his obsessive personality. Media mogul Sumner Redstone, over...
View ArticleThe Redstones' war with Viacom ends: Philippe Dauman resigns, Tom Dooley...
The boardroom war for control of Viacom Inc. ended in victory for Sumner Redstone and his family with the resignation of Chief Executive Philippe Dauman and the installation of new members to the...
View ArticleViacom's Tom Dooley and Shari Redstone voice confidence in Paramount CEO Brad...
Paramount Pictures Chairman and Chief Executive Brad Grey has been widely criticized for his stewardship of the storied but struggling movie studio. But the leadership at Paramount's parent company,...
View ArticleViacom settlement approved after deal reached to protect Sumner Redstone's...
A settlement ending the bitter battle over media mogul Sumner Redstone's mental competency and the future of Viacom Inc. received the blessing of a Massachusetts judge on Friday - but only after an...
View ArticleProspects for sale of stake in Paramount wither
Former Viacom Chief Executive Philippe Dauman's controversial plan to bolster Viacom's finances by selling a 49% interest in Paramount Pictures appears doomed. As part of a settlement agreement that...
View ArticleViacom shake-up continues; interim CEO Tom Dooley is out
Viacom Inc.'s leadership was thrown into question Wednesday as the company announced that interim Chief Executive Thomas Dooley would step down and that its financial performance was worse than...
View ArticleCBS-Viacom merger may be closer to reality, thanks to Redstones and National...
The oft-foretold reunification of CBS Corp. and Viacom Inc. may be moving closer to reality. National Amusements Inc., the theater chain operator and investment vehicle of media mogul Sumner...
View ArticleRedstones officially urge Viacom-CBS merger talks
Sumner Redstone and his daughter, Shari, have officially taken a key step toward putting Viacom and CBS back together again. National Amusements Inc., the Redstone-controlled movie theater chain and...
View ArticleSumner Redstone's deposition for Viacom shareholder lawsuit is put on hold
A Delaware judge on Thursday granted a request by attorneys for Sumner Redstone to halt evidence gathering, including a possible deposition of the ailing media mogul, in a Viacom shareholder lawsuit...
View ArticleSumner Redstone says ex-girlfriends made off with $150 million, leaving him...
Billionaire Sumner Redstone is suing two former companions for what he says was elder abuse, alleging in court documents that the two women schemed to isolate him from his family as they drained his...
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