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• CBS Call: Redstone: Light At The End Of The Tunnel

  PaidContent - 2009-11-05

  [In progress] Before turning the call over to CBS Corp. (NYSE: CBS) president and CEO Les Moonves, Sumner Redstone, the company’s executive chairman, CBS Corp. heaped praise on the company’s efforts to manage the downturn and sounded relieved to say “there is finally light at the end of the...

  Tags: Revenue, Advertisement, Leslie Moonves, Redstone Plc., CBS Corp., Operational Accounting, Finance, Advertising, Media & Publishing, TV, Broadcast, Cable & Telecom, Money, Earnings, Companies, CBS, David Kaplan

• 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.

• RDECOM inventors patent multi-channel technology with wide array of uses.

  - 2009-01-01

  Two Redstone Arsenal employees recently developed a patented technology with potential uses in radar, sonar, imaging, satellites, global positioning systems, communications devices, and wireless communications, according to the U.S. Army Aviation and Missile Research, Development and Engineering Center. The technology, dubbed the Apparatus and Method for Multi-channel Equalization, enables...

  Tags: Redstone Plc., U.S. Army

• Game over: Redstone's Midway days done.

  - 2008-12-02

  After losing an estimated $500 million-plus, Sumner Redstone has finally rid himself of Midway Games. The Viacom and CBS mogul sold his 87% stake in the troubled "Mortal Kombat" publisher over the weekend to private investor Mark Thomas for $100,000, along with the...

  Tags: Midway Games Inc., Redstone Plc.

• 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, wife to split.

  - 2008-10-22

  Viacom and CBS chairman Sumner Redstone has filed for divorce from his wife of five-plus years, Paula Redstone. "We realized that my business commitments and my considerable travel on behalf of my companies were inconsistent with Paula's plans" Redstone told Daily Variety on...

  Tags: Redstone Plc.

• 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.