Charlie Rose with Sumner Redstone; George Plimpton, John Updike & Garrison Keillor (June 6, 2001)
Paidcontent (Free subscription) | 11/05/2009
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 tunnel.” We’ve said that second half would be was and it was. We’re pleased that in...
San Fransisco Chronicle (Free subscription) | 11/03/2009
Viacom says its third-quarter profit jumped a better-than-expected 15 percent as a stronger movie slate offset continuing declines in advertising and DVD sales. The media conglomerate controlled by billionaire Sumner Redstone owns a wide range of media... Viacom - Sumner Redstone - Media conglomerate - DVD - Advertising
San Fransisco Chronicle (Free subscription) | 11/02/2009
(11-02) 06:53 PST NEW YORK, (AP) -- Viacom Inc., the media conglomerate controlled by Sumner Redstone, reports third-quarter earnings before the market opens on Tuesday. The following is a summary of key developments and analyst opinion related to... Viacom - Sumner Redstone - Media conglomerate - NEW YORK - United States
GamesIndustry.biz (Free subscription) | 10/27/2009
A US District Court judge has ruled in favour of former Midway Games executives, following a case brought by shareholders that alleged the company had tried to hide the truth about its financial status. Shareholders lost millions when the company was sold to Warner Bros earlier in the year, after majority shareholder Sumner Redstone controversially sold his 87 per cent stake to investor Mark Thomas...
L. A. Times Dodgers Blog (Free subscription) | 10/15/2009
The mogul will capitalize on the companies' dramatic stock gains to raise nearly $1 billion, which his National Amusements theater chain will then use to help retire $1.46 billion in debt. A year after it looked like Sumner Redstone's media empire might collapse under a mountain of debt, the 86-year-old mogul found a way to keep his grip on Viacom Inc., CBS Corp. and other prized assets.
Boston Herald (Free subscription) | 10/15/2009
Media mogul Sumner Redstone's holding company, Dedham-based National Amusements Inc., is selling some of its stake in CBS Corp. and Viacom Inc. as well as 35 movie theaters...
Paidcontent (Free subscription) | 10/14/2009
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 didn’t say how long that promise would last. Turns out he meant for about a year. The now-restructured...
The Los Angeles Business (Free subscription) | 10/14/2009
National Amusements Inc., the investment vehicle of Sumner Redstone, is selling off shares in CBS Corp. and Viacom Inc. in an effort to pay off its debt in full. (VIA) (CBS)
San Diego Union (Free subscription) | 10/14/2009
Media mogul Sumner Redstone's holding company, National Amusements, says it is selling a portion of its stake in CBS Corp. and Viacom Inc. to pay off its debts.
Fast Company Now (Free subscription) | 10/02/2009
Forbes released its list of the wealthiest Americans last night. Technology's usual suspects are all present: Gates, Ellison, Allen, Bezos, the Google duo, and so on. But there, at number 158 and tied with Donald Trump and Sumner Redstone, is a newcomer: Mark Zuckerberg, with an approximate net worth of $2 billion. Slightly detracting from his position as 158 are two dozen others who share the same...
L. A. Times Dodgers Blog (Free subscription) | 09/30/2009
A New York appeals panel rules that a trial judge erred in allowing the newsman to pursue his case against the network. Rather's attorney vows to appeal the ruling, while CBS declares victory. During a court hearing last week, Dan Rather's long and costly battle against CBS Corp. appeared to be finally getting some traction. Ira Gammerman, the New York Supreme Court judge hearing motions on the case,...
Media Curmudgeon (Free subscription) | 09/23/2009
Content in not king, unless your first name is Stephen. In an article in the October issue of The Atlantic titled “The Moguls’ New Clothes” authors Bruce Greenwald, Jonathan Knee, and Ava Seave write: Media executives lament what the Web has done to their business. But that complaint conveniently ignores the dismal financial performance of most media conglomerates in the pre-digital...
Seattle Post-Intelligencer (Free subscription) | 08/04/2009
NEW YORK -- CBS Corp., the broadcast network controlled by media magnate Sumner Redstone, reports its second-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period.
L. A. Times Dodgers Blog (Free subscription) | 07/29/2009
A nephew of Sumner Redstone is suing his father and the Viacom chairman for millions. As if a tough earnings report for Viacom Inc. and the looming debt issues of National Amusements Inc. weren't enough of a headache for Sumner Redstone this week, he's also dealing with the latest legal fight involving his fractious family.
Examiner (Free subscription) | 07/28/2009
Viacom Inc. struck a hopeful note on advertising for the rest of the year even as the media conglomerate controlled by Sumner Redstone saw second-quarter profit plunge on weak ad markets, video game sales and box-office returns.
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