NEW YORK (Reuters) - Sumner Redstone is negotiating to buy out his daughter Shari's equity interest in Viacom Inc VIAb and CBS Corp CBS, but the two sides have not reached a deal, his spokesperson said on Thursday. The spokesperson also denied a...
Viacom Executive Chairman Sumner M. Redstone to Accept Award At June 9 Event NEW YORK, June 4 /PRNewswire-FirstCall/ -- The Global Business Coalition on HIV/AIDS, Tuberculosis and Malaria GBC announced today that it will recognize Viacom with its prestigious Leadership Award for Business Excellence at its...
THESE are Los Angeles residents who easily can pay cash for an overpriced hacienda. But the subprime mortgage mess that triggered last year's credit crisis and this year's budding recession took its toll on the county's 50 Wealthiest Angelenos. Take master dealmaker Kirk Kerkorian, who tops the Business...
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....
www.IndiaStockMarket.com , aglobal investor website for investing in India within Investorideas.com,reports on the rapid economic growth story in India and some of the keysectors that are impacted. With an economy growing at nine percent,spending and innovation in technology across personal computers, cellphones, greentech and digital media is on the rise....
SEOUL AFP — US media mogul Sumner Redstone said Tuesday that "enormous emerging markets" for entertainment content are opening up across Asia and elsewhere but copyright protection poses a growing challenge. At a keynote speech to the Seoul Ditigal Forum, the chairman of Viacom and CBS...
Also attending the L.A. premiere: Sumner Redstone, CEO of Paramount's parent company, Viacom. This week, Redstone announced that he'll reteam with Tom Cruise to produce Mission: Impossible 4. The two had a falling out after MI:III's disappointing box-office performance, which Redstone blamed in part on Cruise's behavior. Redstone...
Net Earnings Up 14% to $244 Million Diluted EPS Up 29% to $.36 Free Cash Flow Up 25% to $938 Million Adjusted OIBDA and Operating Income Up 10% and 11% Company Raises Quarterly Dividend by 8% to $.27 Per Share ...
A judge in New York has allowed Dan Rather's $70 million breach of contract lawsuit against CBS Corp. and Viacom Inc. to go forward but has dismissed the portions that named three of the company's executives. Judicial Hearing Officer Ira Gammerman struck down the parts of the...
CHICAGO -- Midway Games Inc. (NYSE:MWY) today announced that Matthew V. Booty has been named Interim Chief Executive Officer and President, and that the company's Board of Directors has commenced a search for a new Chief Executive Officer and President. "Dynamic new leadership is needed to bring Midway...
National Amusements Provides For a $90 Million Credit Facility CHICAGO -- Midway Games Inc. (NYSE: MWY) today announced that it has terminated its existing $30 million secured credit facility with Wells Fargo Foothill, and simultaneously entered into a new credit facility of $90 million with National Amusements, Inc....
CBS filed a motion to dismiss Dan Rather's $70 million lawsuit against the company. Calling the suit "a regrettable attempt...to settle old scores and perceived slights," the company filed its motion Thursday in New York Supreme Court. Rather...
Top Professionals from Carlyle Group, Quadrangle Group, Time Warner, Tornante Co., Viacom and Others to Offer Marquee Investment Insights, Nov. 7-8 in New York City NEW YORK -- Dow Jones & Company and The Nielsen Company today announced the lineup of keynote speakers for their groundbreaking Media and...
From Sumner Redstone's media conglomerate to Edward Johnson's financial services empire, the succession battles of high-profile family businesses have hit the headlines in recent months. Yet even if you don't own a Viacom or a Fidelity, transferring a business from one generation to the next still poses serious challenges. In...
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...
NEW YORK -- Earlier today, longtime CBS Anchor and 44-year veteran journalist of CBS News Dan Rather filed a lawsuit against CBS Corporation, CBS' former parent company Viacom, Inc., and top executives Leslie Moonves, Sumner Redstone and Andrew Heyward seeking damages for breach of contract, reputational harm, and fraud related...
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....
8 AOL After three quarters of ad-sales growth, Time Warner's favorite division to blame seems poised for a turnaround. Newly acquired Tacoda should help. 5 NBC Chatter about whether GE should hang on to its TV division results in qualified response: "As long...
Articles 2007-07-30
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