Redstone Plc.

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redstone plc. and viacom inc. - All News and Analysis

• Redstone's $1Billion Sell-Off

  BNET - 2009-10-18

  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.

• Redstone Selling Nearly $1 Billion In Viacom, CBS Stock

  PaidContent - 2009-10-14

  That was then, this is now. After the “forced” sales of $233 million in Viacom (NYSE: VIA) and CBS shares sent the stocks into a spiral last October, Sumner Redstone promised that National Amusement “has no intention of selling a single share of Viacom or CBS stock.” But he...

  Tags: Stock, Redstone Plc., CBS Corp., Viacom Inc., NAI, Investment, Sales Strategy, Finance, Sales, Staci D. Kramer

• Redstone sells CBS and Viacom shares to meet debt payment

  BNET - 2009-10-14

  National Amusements operates more than 1,500 movie screens in the US, UK, Latin America and Russia, under its Showcase, Multiplex, Cinema de Lux and KinoStar brands. It is also the parent company of both Viacom and CBS Corporation. Viacom announced today (14 October) that National Amusements intends to offer for...

  Tags: CBS Corp., Viacom Inc., Redstone Plc., National Amusements Inc.

• Sumner Redstone offers to sell cinema chain to head off banking

  - 2008-11-26

  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.

• Seeing eye to eye: Redstone vows no further stock sales.

  - 2008-10-31

  Sumner Redstone assured investors on Thursday that not "a single share" more of CBS or Viacom would be sold to pay down debt of his National Amusements holding company. [ILLUSTRATION OMITTED] "Obviously, these were extraordinary circumstances which resulted in...

  Tags: CBS Corp., National Amusements Inc., Redstone Plc., Viacom Inc.

• Redstone faces debt flap.

  - 2008-10-20

  Sumner Redstone's National Amusements is still grappling with the debt payments that forced the sale of CBS and Viacom shares last week. [ILLUSTRATION OMITTED] After conflicting info about the nature of the loan and the payment spurred for National...

  Tags: CBS Corp., National Amusements Inc., Redstone Plc., Viacom Inc.

• Redstone OK with Cruise in 4th 'Mission Impossible'

  - 2008-05-07

  Entertainment mogul Sumner Redstone said Tuesday he has no objection to Tom Cruise starring in the next segment of the popular "Mission Impossible" movie series, despite cutting his relationship with the actor in 2006. Redstone -- executive chairman and controlling shareholder of Viacom Inc. and CBS Corp. --...

  Tags: Redstone Plc., Viacom Inc.

• Redstone's own drama.(World)

  - 2007-10-01

  Sumner Redstone's family dramas could easily inspire one of his company's films. After a much-publicized feud with son Brent Redstone, the 84-year-old Viacom chief is exiling his daughter, Shari, whom many expected to take over the reins after Redstone retires. Last year, Brent Redstone...

  Tags: Redstone Plc., Viacom Inc.

• Off With Their Heads!

  - 2007-07-30

  Sumner Redstone is cranky. He's having a huge falling-out with his daughter, Shari--once considered the 84-year-old mogul's heir apparent--and it looks as if she may leave the family media empire, which controls Viacom and CBS. And the split with Shari, 53, is hardly the only conflict Sumner has had lately....

  Tags: National Amusements Inc., Redstone Plc., Viacom Inc.

• DYNASTY! THE MEDIA MOGUL, HIS DAUGHTER, AND A VERY PUBLIC POWER

  - 2007-07-24

  An octogenarian media mogul surveys the empire he has created over three hard-fighting decades. One of the world's most successful film studios. One of America's most-watched television networks. A string of other pioneering, profitable and politically powerful assets in broadcasting and publishing. With the fire dimming in his eyes, you...

  Tags: CBS Corp., National Amusements Inc., Redstone Plc., Viacom Inc.