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How Sumner Redstone's Lady Friends Scored Millions of Dollars

Manuela Herzer's ejection from the mogul's life cost her a $50 million inheritance, plus his mansion and a key role with the Redstone Charitable Foundation, which has opened many doors (and bank accounts) for his companions. read mo...

M&A Flashback: Sumner Redstone Cuts Viacom’s Losses On Blockbuster

Blockbuster was a losing bet for media mogul Sumner Redstone, but at least the billionaire cut bait before the video chain went over the edge.

Sumner Redstone Revoked $70 Million Bequest to Former Companion

A former romantic partner’s lawsuit could have implications for Mr. Redstone’s controlling stake in Viacom and CBS.

Sumner Redstone's Ex-Companion Was Set to Inherit $50 Million and His House

The disclosure came in the latest procedural skirmish as Manuela Herzer fights to prove her claim that the mogul was not competent to drop her as his health-care proxy last November. read more

Sumner Redstone Says Ex-Companion Is Just After $50M In Old Will Not His Well-Being

Now that Sumner Redstone has resigned from running Viacom and CBS, the white gloves have seemingly come off in the heath care legal action with his former companion Manuela Herzer – and it’s all about the money. “This is a pre-death trust contest dressed up as a health care litigation, "said the media moguls' lawyers in a filing today in L.A. Show More Summary

Sumner Redstone says in new documents that he cut ex-girlfriend Manuela Herzer from his will

Sumner Redstone, in new court documents, stated he had planned to leave his former girlfriend, Manuela Herzer, $50 million and his Beverly Park mansion when he died —  but that four months ago he decided to cut her out of his will. The 92-year-old Redstone is battling Herzer's allegations that...

Sumner Redstone says in new documents that he cut ex-girlfriend Manuela Herzer from his will

Sumner Redstone, in new court documents, stated he had planned to leave his former girlfriend, Manuela Herzer, $50 million and his Beverly Park mansion when he died —  but that four months ago he decided to cut her out of his will. The 92-year-old Redstone is battling Herzer's allegations that...

Viacom, in Midst of Leadership Shake-Up, Reports Drop in Profit

Earnings were hurt by weak results across TV and film groups of the company, whose prominent executive chairman, Sumner Redstone, recently resigned.

How Sumner Redstone Went From Army Cryptographer to Media Mogul

For decades, Sumner M. Redstone proved one of the most voluble media titans, even in an industry full of outsize personalities like Rupert Murdoch and Barry Diller.

Viacom Has a Controversial New Chairman

Aging media mogul Sumner Redstone stepped down as executive chairman of Viacom on Thursday and was replaced by CEO Philippe Dauman, a move that immediately disappointed investors. Although the decision mimicked a similar move at sister company CBS, Thursday's action has the potential to set off a future board fight....

Viacom names Dauman as chair

Viacom’s board of directors names CEO Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone. ||| New York - Viacom’s board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing...Show More Summary

Leslie Moonves Addresses CBS Promotion During Super Bowl 50 Interview

"I'm very pleased that Sumner Redstone handed the reins to me," said the new chairman, who called the appointment a great "honor" and "privilege." read more

Viacom Reinforces Culture Of Cronyism With CEO As Chairman: Commentary

Every time you think that Viacom’s board couldn’t be more indifferent to the people it’s supposed to represent, along comes a day like today. With the company’s ailing 92-year-old controlling shareholder Sumner Redstone stepping aside...Show More Summary

Taking Risks and Banning Tom Cruise: The Legacy of Viacom's Sumner Redstone

5 days agoNews : Newsweek: US

NEW YORK (Reuters) - Sumner Redstone was the mogul who never wanted to retire. For years he held on to his media empire with the same tenacity he used in clinging to the windowsill of a burning hotel in 1979. But Redstone, who celebrated...Show More Summary

With Redstone out, these are the oldest men at the top of America’s largest companies

It's the end of an era. Sumner Redstone, the 92-year-old media tycoon who, despite ailing health, has insisted he would never retire, is leaving his positions as executive chairman of both CBS and Viacom. While he will still control about 80 percent of the voting stock in the two companies and will become chairman emeritus of each one, […]

Viacom Names CEO Philippe Dauman Executive Chairman

Shari Redstone declined the role of non-executive chair and will remain vice chair, with father Sumner Redstone becoming chairman emeritus. read more

Philippe Dauman Named Executive Chairman of Viacom, As Sumner Redstone Steps Down

Just 48 hours ago, Sumner Redstone was the executive chairman of both CBS Corp. and Viacom. But now, he has been replaced at both companies. Today, Viacom announced that its president and CEO Philippe Dauman had been named executive chairman, replacing the ailing Redstone, who is 92. Show More Summary

CEO Dauman takes over chair at Viacom, replacing Redstone

NEW YORK (AP) — Aging media mogul Sumner Redstone stepped down as executive chairman of Viacom and was replaced by CEO Philippe Dauman, mimicking a move at sister company CBS a day earlier. [...] unlike CBS, Thursday's move had the potential...Show More Summary

Viacom replaces 'living ghost' Sumner Redstone with his daughter's rival

Sumner Redstone has been replaced as chairman of Viacom, a move that comes less than a day after a similar reshuffle at CBS heralded the beginning of the end Redstone's reign as one of the most powerful men in media. Philippe Dauman,...Show More Summary

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