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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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updated Sat. September 3, 2022

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CBS and Viacom previously merged in 2000 at the behest of media mogul Sumner Redstone. However, when stocks sagged over the next few years, Redstone had the two companies separate again. The separation split the rights to Star Trek, with Viacom maintaining the film rights through Paramount ...
CEO Leslie Moonves leading the combined entity. The valuation of Viacom is seen as the biggest hurdle that the sides will have to navigate. Reps for CBS and Viacom declined to comment. The two companies were brought together by media mogul Sumner Redstone in a merger in 2000 but were split up ...

Current and former residents include media magnates Sumner Redstone and Haim Saban and celebrities Denzel Washington, Sylvester Stallone, Gene Simmons and Rod Stewart. The community is part of Los Angeles but carries Beverly Hills' 90210 ZIP Code. Donors who paid a minimum of $35,000 and ...
Current and former residents include media magnates Sumner Redstone and Haim Saban and celebrities Denzel Washington, Sylvester Stallone, Gene Simmons and Rod Stewart. The community is part of Los Angeles but carries Beverly Hills' 90210 ZIP Code. Donors who paid a minimum of $35,000 and ...
A quick search of the Oscars' acceptance speech database reveals that no one thanked former Sony CEOs Howard Stringer or current boss Kaz Hirai, Viacom mogul Sumner Redstone or 21st Century Fox and former News Corp boss Rupert Murdoch. Time Warner boss Jeff Bewkes was only thanked by ...

21), and Boston native and former Viacom chairman Sumner Redstone ($4.4 billion, No. 401). Also making the cut are leaders of major Boston businesses: New Balance CEO Jim Davis ($5.3 billion, No. 365) and Fidelity Investments CEO Abigail Johnson ($15.9 billion, No. 83), whose net worth exceeds ...
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 ...

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 ...
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, ...
Almost two years after Sumner Redstone's former companion Manuela Herzer started the first of several legal actions to get back into the media mogul's life and good graces, today she went after his daughter Shari Redstone and her son for at least $100 million under the once-mob-aimed RICO Act.
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 ...
He engineered the sale of the now-crippled business to Sumner Redstone's Viacom for $8.4 billion in 1994. H. Wayne Huizenga, a college dropout who built Blockbuster Entertainment into a thriving business that eventually went to Viacom in a $8.4 billion deal before its ultimate demise, has died. He was ...


 

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