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 Sumner Redstone

"From a Viacom standpoint, the election of a Republican administration is a better deal. Because the Republican administration has stood for many things we believe in, deregulation and so on. I vote for Viacom. Viacom is my life, and I do believe that a Republican administration is better for media companies than a Democratic one."
Sumner Redstone
Sumner Redstone
Sumner Redstone
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Years ago, they were together; then, at some point, controlling shareholder Sumner Redstone decided it would be best if they both were separated and given their own assets with which to pursue distinct strategies: CBS would be the income stock, and Viacom would be the growth stock that would pursue ...
Meanwhile, CBS board members have started to evaluate a potential merger with Viacom Inc. Both companies are controlled by the Sumner Redstone family, and Shari Redstone, vice chair of the two publicly traded companies, has signaled that she wants to bring CBS and Viacom back together.

The New York-based company was expected to initiate the layoffs as part of a cost-cutting that CEO Bob Bakish mentioned during a recent earnings call. Cheddar, which first reported the news, indicated that dozens of positions would be cut and that reductions will be focused on support employees and not ...
In the years since the break-up, media mogul Sumner Redstone contemplated bringing them back together. Redstone's health is now very poor, and his daughter Shari Redstone is the vice chair of both companies. She has been promoting the idea of a merger, believing the combined companies will be ...
Amid reports the family of Sumner Redstone, which controls CBS and Viacom, is again pushing to combine the media companies, analyst Marci Ryvicker of Wells Fargo is downgrading CBS's stock from "outperform" to "market perform." On Sunday, in a report entitled "CBS-VIAB? No Thank You," Ryvicker ...
The Redstones have spent much of the past few years embroiled in court battles and family feuds amid a tussle for control of the company, which is owned by Sumner Redstone, the 94-year-old head of the family. Shari Redstone, his daughter, is assumed to have de facto control of the media empire.

Disney, it is widely acknowledged, is the traditional media conglom with the IP and the market muscle to rise to the challenge. But for the rest of the biz, getting bigger in challenged businesses may not be better. The axiom popularized by Sumner Redstone in the 1980s and '90s -- "Content is king" -- may ...
Despite the results in 2016, JBL advisors analyst Jeff Logsdon suggests a merger of the media companies is inevitable if Shari Redstone and her 94-year-old father, Sumner Redstone, who control CBS and Viacom through cinema chain National Amusements Inc., are resolved to make it happen.
Viacom chairman emeritus and controlling shareholder Sumner Redstone was not compensated by Viacom in the fiscal year. Former Viacom International Media Networks CEO Bakish's new pay package for the CEO role was previously detailed as including a base salary of $3 million, a target bonus of $7 ...
Shari Redstone has discussed adding new directors to the CBS board as she renews her push to merge the company with Viacom. Shari and Sumner Redstone, her ailing 94-year-old father, together control CBS and Viacom through National Amusements. Shari has had exploratory conversations with ...
CBS and Viacom were first brought together by Sumner Redstone in 2000. But six years later, the mogul opted to re-divide the companies into separate entities. At the time, Redstone said he thought it would help both companies realize their true valuation from the market. Shari Redstone is on record as ...
Redstone previously said she didn't support the decision by her father, the ailing mogul Sumner Redstone, to divide the family empire in 2006. "I was never a great proponent of the split of the two companies," she said at a media conference in November 2016. Earlier that fall, Redstone announced that she ...
McKay also pointed to media families whose stories are particularly intrigue-filled -- citing Murdoch and Maxwell, and also Sumner Redstone. "It was interesting that the media families were the most interesting and the most dramatic." Brian Cox, who plays Logan Roy, the mogul at the center of the series, ...
Will Shari and Sumner Redstone revisit an effort to reunite Viacom/Paramount with CBS? Those plans proved difficult because Viacom's stock value plummeted under Philippe Dauman and his strategy of cost-cutting and stock buybacks; sources in the financial community said it would have led to reams of ...
Sumner Redstone has one less legal fight to concern himself with after a California appeals court on Tuesday upheld a 2016 decision to dismiss a lawsuit over who should make decisions regarding the 94-year-old's health care. Redstone's former companion, Manuela Herzer, sued shortly after being ...
Anything would have been an improvement over the corporate warfare between Sumner Redstone and former CEO Philippe Dauman that rocked the company in 2016. But investors aren't sold yet on the new vision. Viacom has had a late-year bounce on the speculation about media M&A heating up in the ...
Sumner Redstone, 94, also fell off the list as CBS owner Viacom Inc. continued to grapple with a bitter battle for control between his daughter and other executives, while Rupert Murdoch, 86, sidestepped succession concerns with a December deal to sell much of 21st Century Fox Inc.'s Entertainment ...

The most obvious corporate pairing, many analysts say, would be CBS and Viacom Inc. because both are controlled by the Sumner Redstone family. Shari Redstone, the ailing mogul's daughter, now is the chief decision maker. Last year, she favored a plan to rejoin the two companies (they were separated ...
The never-ending legal battle surrounding 94-year-old Sumner Redstone has taken another twist, as the aging mogul's ex-girlfriend is now fighting with his nurse over access to secret tape recordings. Sydney Holland has sued Shari Redstone, Sumner's daughter and the vice chairman of Viacom and CBS, ...
Viacom had been so debilitated by years of bad management as Sumner Redstone's health declined that there was concern CBS shareholders would sue for saddling the more successful company with such a troubled one. Moonves may even have doubted that Viacom could be saved. The deal did not ...
CBS and Viacom were first brought together in 2000 by Sumner Redstone, now chairman emeritus of both firms. The two were split up again in January 2006 out of Sumner Redstone's frustration with a sagging stock price. Moonves and Bakish have had a cordial relationship over the years. The two came ...
Sumner Redstone, 94, also fell off the list as CBS owner Viacom Inc. continued to grapple with a bitter battle for control between his daughter and other executives, while Rupert Murdoch, 86, sidestepped succession concerns with a December deal to sell much of 21st Century Fox Inc.'s Entertainment ...
Sumner Redstone, 94, also fell off the list as CBS owner Viacom Inc. continued to grapple with a bitter battle for control between his daughter and other executives, while Rupert Murdoch, 86, sidestepped succession concerns with a December deal to sell much of 21st Century Fox Inc.'s Entertainment ...
The most obvious corporate pairing, many analysts say, would be CBS and Viacom Inc. because both are controlled by the Sumner Redstone family. Shari Redstone, the ailing mogul's daughter, now is the chief decision maker. Last year, she favored a plan to rejoin the two companies (they were separated ...
The never-ending legal battle surrounding 94-year-old Sumner Redstone has taken another twist, as the aging mogul's ex-girlfriend is now fighting with his nurse over access to secret tape recordings. Sydney Holland has sued Shari Redstone, Sumner's daughter and the vice chairman of Viacom and CBS, ...
Down the road, Rupert and Lachlan Murdoch may want to re-combine what remains of Fox with News Corp, which owns newspapers like the Wall Street Journal and New York Post. Indeed, a few years before Rupert Murdoch split News Corp from Fox, he said he couldn't understand why Sumner Redstone ...
Emails cited in a California court case shed new light on Shari Redstone's battle with top Viacom Inc. executives and tensions with her father, media mogul Sumner Redstone. Google and Amazon Bicker: Roku May Win. Competing with the world's most well capitalized companies, Roku surely appreciates ...
Bakish took the top job a year ago after years of turmoil and personal drama involving chairman emeritus Sumner Redstone and his since-ousted protege, Philippe Dauman. He has achieved a few encouraging results, though faltering ad revenues and continuing struggles at Paramount Pictures have led ...
Law360, Los Angeles (November 28, 2017, 9:59 PM EST) -- The caretaker of former Viacom and CBS chairman Sumner Redstone told a California appellate panel on Tuesday that a lower court wrongfully dismissed her challenge to his decision removing her as his health care agent, arguing for a chance to show the ...
The atmosphere at Viacom has calmed lately after several years of drama, a period marked by 94-year-old chairman emeritus Sumner Redstone's war with former protege Philippe Dauman, a messy public feud that culminated in Dauman's ouster. Amid a stream of tabloid headlines about Redstone's ...
Viacom directors who greenlighted $13 million in compensation to the company's nonagenarian chairman Sumner Redstone dodged a ...
... former executive chairman Sumner Redstone, ruling that a general release from a confidential 2016 settlement that resolved several disputes ...
Sumner Redstone, Viacom and CBS Corp. chairman emeritus and chairman of National Amusements, has shifted to trustee emeritus status ...
The New York company, which is controlled by the family of media mogul Sumner Redstone, has been trying to preserve its channels because ...
... 10:01 PM EDT) -- The onetime companion of former CBS and Viacom executive chairman Sumner Redstone filed a $100 million lawsuit on ...
Drama stemming from Sumner Redstone's family continues as the 94-year-old billionaire's former companion presses charges against his ...
Sumner Redstone's Former Companion Sues His Daughter and Grandson Manuela Herzer has sued for more than $100 million, accusing ...
Manuela Herzer, a former companion of Sumner Redstone, has sued his daughter and grandson for more than $100 million, alleging they ...
Melania would be preparing for her wedding to Sumner Redstone. Donald is so moved that he begins to sob and calls a press conference.
Sumner Redstone's ex-companion is asking the court to toss an elder abuse lawsuit against her because he won't testify in support of his ...
(CBS) , Redstone has taken charge of both companies from her ailing father, Sumner Redstone, 94, and the satisfaction is evident. Redstone ...
Sumner Redstone, Viacom. Jacob Rothschild, RIT capital Partners. Diane Sawyer, news anchor. Jerry Weintraub, Jerry Weintraub Productions ...
An attorney for a former live-in companion of Sumner Redstone told a judge Monday he will seek another mental evaluation of the former ...
Michael Redstone founded theater company National Amusements, Inc., in 1936, which his son Sumner Redstone (as chairman and C.E.O.) ...
Attorneys for CBS Corp. and former Executive Chairman Sumner Redstone are asking a Delaware judge to dismiss a shareholder lawsuit ...
WILMINGTON, Del. (AP) -- Attorneys for CBS Corp. and former Executive Chairman Sumner Redstone are asking a Delaware judge to dismiss ...
It has been one year since Shari Redstone, daughter of Sumner Redstone, prevailed in an epic battle for control of her father's business empire. As the mogul -- now 94 -- fell into frail health, Shari Redstone fought it out in court with his former mistresses and confidants. Philippe Dauman bowed to the ...
CBS just turned Sumner Redstone's former board seat over to Robert Klieger -- the lawyer who defended the mogul last year in his battle to ...
CBS chairman Leslie Moonves will be dragged into the legal drama surrounding Sumner Redstone after all, as a California judge switched gears after tentatively granting a motion to quash a subpoena served to him. The 94-year-old Redstone is suing two of his former companions for elder abuse, and is ...
CBS chairman Leslie Moonves will be dragged into the legal drama surrounding Sumner Redstone after all, as a California judge switched ...


 

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