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company and sumner redstone

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BNET Resources

Late News.(business news in Chicago, Illinois)
BIG CROWDS BOOST RETAILERS' SPIRITS Heavy traffic in area stores on Friday, the traditional start of the holiday shopping season, had retailers hoping sales will rebound from last year's depressed levels. Lured by mild weather and steep discounts, BIG CROWDS BOOST RETAILERS' SPIRITS...
Tags: company, Sumner Redstone, United Airlines
Research articles 2002-12-02
BEHIND HYPE: COST CUTS LIKELY AT NEW VIACOM; MERGER CAN YIELD $100 MIL. SAVINGS; CAN KARMAZIN MELD STAID WITH STYLISH?
Despite assurances from the heads of Viacom Inc. and CBS Corp. that the mega-media merger announced last week won't produce massive layoffs, the two companies have many overlapping functions that are sure to lead to cutbacks and consolidation. Hu Despite assurances from...
Tags: company, Mel Karmazin, merger, Sumner Redstone, Viacom Inc.
Research articles 1999-09-13
ViaSlow vs. ViaGrow: Sumner Redstone fine-tunes his plan to split Viacom.(MONEY TALKS)
As Viacom divvies up its assets into two companies, a single piece has turned up as foster child: Showtime Networks Inc. Why is Viacom CEO Sumner Redstone taking billion-dollar cable network Showtime from cable czar Tom Freston and handing it ...
Tags: cable, company, Leslie Moonves, network, PARAMOUNT, Sumner Redstone, Viacom Inc.
Research articles 2005-05-09

Additional Resources

Redstone, Bronfman spar in court. (Viacom Inc. chairman Sumner Redstone; Seagram Company Ltd. chairman Edgar Bronfman)
WILMINGTON, DEL. - Two corporate titans had to answer to someone else for a change, as Edgar Bronfman and Sumner Redstone went head-to-head in their court fight over USA Network and Nick at Nite's TV Land. WILMINGTON, DEL. - Two corporate titans had to answer...
Tags: Sumner Redstone, Viacom Inc.
Research articles 1996-11-04
Redstone, Biondi both confident about TOPS. (Sumner Redstone and Frank Biondi of Viacom Inc.; Total Optimization of Premium Services plan) (interview)
Redstone, Biondi Both Confident About TOPS Viacom Inc. chairman Sumner Redstone likes to boast that his company is such a force in entertainment that on any given day, newspapers list more than 200 hours of programming supplied by Viacom's cable Redstone,...
Tags: premium service, Sumner Redstone, Viacom Inc.
Research articles 1991-03-25
Viacom execs' feud comes to head.(Viacom Inc. chairman Sumner Redstone and president and chief operating officer Mel Karmazin feuding)(Brief Article)
The much-discussed feud between Viacom Inc. chairman Sumner Redstone and president and chief operating officer Mel Karmazin came to a head last week, with Redstone reportedly telling company directors he would not renew Karmazin's contract when it The much-discussed feud between Viacom Inc....
Tags: Mel Karmazin, Sumner Redstone, Viacom Inc.
Research articles 2002-02-04
Redstone officially out as CEO in '06.(VIACOM BREAKUP)(Sumner Redstone of Viacom Inc.)(Brief Article)
ViaCom Inc. chairman Sumner Redstone made it official last week--he will step down as CEO after the company splits into two separate operating units next year, relinquishing those roles to co-chief operating officers Tom Freston and Les Moonves. ViaCom Inc. chairman...
Tags: Leslie Moonves, Sumner Redstone, Viacom Inc.
Research articles 2005-08-08
Redstone gets defensive over stock slump. (Viacom Inc. CEO Sumner Redstone)
Boston - In the face of a steep slump in Viacom Inc.'s stock price, Sumner Redstone defended his company's performance and predicted that the media giant's results would turn around by the end of the year. Wall Street anxiety over Viacom's operat ...
Tags: Blockbuster Inc., stock, Sumner Redstone, Viacom Inc.
Research articles 1996-07-22
Still fretting over Freston.(Tom Freston fired)(Viacom's Sumner Redstone )(Interview)
Viacom chairman Sumner Redstone says he had originally offered Tom Freston the job of sole CEO of Viacom--before it split--but Freston declined. Redstone asked Leslie Moonves. "Naturally, being Les, he grabbed it. Then Tom came back and said he wanted it...
Tags: Redstone Plc., Viacom Inc.
Research articles 2006-10-06
Redstone's red zone: as Par ramps up, Viacom could shed other assets.(Sumner Redstone, Paramount Motion Picture )
A resolute and sometimes feisty Sumner Redstone downplayed Viacom's staggering $18.4 billion loss last quarter when addressing investors Monday, vowing that the company will shed assets and reclaim the throne of fastest-growing media titan. Turning up at the Bear Stearns 18th annual...
Tags: Redstone Plc., Viacom Inc.
Research articles 2005-03-01
Sumner Redstone offers to sell cinema chain to head off banking
SUMNER REDSTONE, the octogenarian media mogul, has offered to sell the cinema chain that first made him a billionaire, in a desperate bid to hang on to the rest of his television and film empire. With a 19 December deadline looming to refinance $800m (518m) of debt taken...
Tags: CBS Corp., National Amusements Inc., Redstone Plc., Viacom Inc.
Research articles 2008-11-26
Redstone marshals empire for memoir.(Sumner Redstone)(Brief Article)(Statistical Data Included)
Sumner Redstone doesn't like bad press. That much is clear from the Viacom chief's baton-twirling, score-settling business memoir, "A Passion to Win." So why go out of his way to court it by publishing the book with...
Tags: Redstone Plc., Viacom Inc.
Research articles 2001-04-23
Ted Turner's New Film Studio Empire is a Hollywood Major Player. (Originated from The Atlanta Journal and Constitution)
ATLANTA--Mar. 14--Here's the scene: It's winter on Wall Street and the speculation is as heavy as the snowfall. Entertainment moguls Barry Diller and Sumner Redstone are vying for Paramount Communications, driving up the price for this struggling Hollywood studio to $10 billion Meanwhile, 3,000 miles...
Tags: Cable, NETWORKING, TELECOMMUNICATIONS, Turner, Turner Broadcasting
Research articles 1994-03-13
Redstone's $1Billion Sell-Off
Viacom and CBS chairman Sumner Redstone broke a year-old promise to investors last week when his National Amusements Inc. said it would sell nearly $1 billion of its Viacom and CBS shares, but at the same time removed an albatross that has been hanging on both stocks for some time....
Tags: CBS Corp., Viacom Inc., Redstone Plc.
News items 2009-10-18
Redstone and Biondi at year five. (Sumner M. Redstone; Viacom Inc. president Frank Biondi)(includes related article on Viacom Inc.'s planned settlement with Home Box Office Inc.)
Ask Sumner Redstone if he's made any big missteps since winning the bitter takeover fight for Viacom Inc. five years ago, and he names only one: not exiting the broadcast TV station business when he had the chance. Instead the company...
Tags: company, Viacom Inc.
Research articles 1992-06-01
Viacom would be ok without mel: Redstone.(Brief Article)
Viacom Chairman and CEO Sumner Redstone told the New York Post last week that "with or without" COO Mel Karmazin, the company would do "just fine." He also said Viacom would thrive without Redstone himself but added that he's no Viacom Chairman and CEO...
Tags: Mel Karmazin, Sumner Redstone, Viacom Inc.
Research articles 2002-07-15
Redstone's Christmas Gift: Extended Debt Deadline
Julia Boorstin submits: APSumner RedstoneFriday, December 19th was the deadline for Sumner Redstone's National Amusements theater chain to pay down $800 million in debt. Merry Christmas Sumner: the deadline to pay that debt has been extended while the company makes progress negotiating with the lending banks. But the holidays...
Tags: Media, Julia Boorstin, CBS Corp., VIA Technologies Inc., Viacom Inc.
External links 2008-12-22
Sumner takes stox over cash.(salary of Sumner M. Redstone)
Viacom is cutting chairman Sumner Redstone's cash salary and bonus, but paying him more in stock options linked to Viacom's share price. A new employment agreement between Redstone and the company he owns aligns his pay more closely with the interests...
Tags: Redstone Plc., Viacom Inc.
Research articles 2006-09-26
Not seeing eye to eye?: Viacom corporate board tells Redstone, Karmazin to play nice. (Top of the Week).(Brief Article)
Viacom strongly denied a report that Sumner Redstone, the company's chief executive, stood up in a board of directors meeting last week and said that under no circumstances would he renew the contract of Chief Operating Officer Mel Karmazin, whose Viacom strongly denied...
Tags: board, Mel Karmazin, Sumner Redstone, Viacom Inc.
Research articles 2002-02-04
The son also riles: suit challenges Redstone dealings.(Brent Redstone)
An embittered Brent Redstone, Sumner's son, has sued to dissolve the family's holding company, National Amusements, "due to the oppressive acts of those in control of the corporation," including Sumner and Shari Redstone. Brent, who lives on a ranch in Denver,...
Tags: CBS Corp., NAI, National Amusements Inc., Redstone Plc., Viacom Inc.
Research articles 2006-02-15
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