The billionaire mogul neglected to file a return on a taxable gifts to his children. read more
Bloomberg: Billionaire Redstone Challenges IRS on Tax for 1972 Gift, by Richard Rubin: In 1972, President Richard Nixon cruised to re-election. “The Waltons” premiered on CBS. And Sumner Redstone, who wasn’t yet a global media mogul, made a taxable gift to his children and failed to file a return. At...
Billionaire Sumner Redstone is challenging the Internal Revenue Service's attempt to tax him this year for a gift made in 1972. The IRS told Mr. Redstone earlier this year that he owes $1.1 million in tax and penalties, plus interest. Show More Summary
Viacom Inc. and CBS Corp. Chairman Sumner Redstone may be a billionaire, but according to the U.S. Internal Revenue Service he’s also a tax deliquent.
CBS (CBS) Q1 2013 Earnings Call May 01, 2013 4:30 pm ET Executives Adam Townsend - Executive Vice President of Investor Relations Sumner M. Redstone - Founder and Executive Chairman Leslie Moonves - Chief Executive Officer, President and Director Joseph R. Show More Summary
Viacom (VIAB) Q2 2013 Earnings Call May 01, 2013 8:30 am ET Executives James Bombassei - Senior Vice President of Investor Relations Sumner M. Redstone - Founder and Executive Chairman Philippe P. Dauman - Chief Executive Officer, President...Show More Summary
The Viacom and CBS Corp executive chairman made the donation via his Sumner M. Redstone Charitable Foundation as the museum celebrates its 25th anniversary. The Museum of the Moving Image in New York will rename its main theater the Sumner M. Show More Summary
The CBS and Viacom chairman has long supported the non-profit organization. read more
CBS (CBS) 2012 Earnings Call February 14, 2013 4:30 pm ET Executives Adam Townsend - Executive Vice President of Investor Relations Sumner M. Redstone - Founder and Executive Chairman Leslie Moonves - Chief Executive Officer, President and Director Joseph R. Show More Summary
While deep-pocketed folks like Steven Spielberg and George Lucas get buildings named after them for big donations, director Bryan Singer has made history by becoming the first alumnus of USC‘s School Of Cinematic Arts to have one of the school’s six programs of study named in his honor. Show More Summary
Brad Grey, Brian Grazer, Jim Wiatt, Les Moonves and Robert Evans also turned for the gala reception in Redstone's honor. read more
Sumner Redstone has joined an elite group of Hollywood heavyweights in cementing his legacy with a prominent USC building named in his honor.
Viacom Inc. (VIA) F1Q2013 Earnings Conference Call January 31, 2013; 08:30 a.m. ET Executives Sumner Redstone - Chairman Philippe Dauman - President & Chief Executive Officer Tom Dooley - Chief Operating Officer Wade Davis - Chief Financial...Show More Summary
UPDATED: The 22 percent decline comes as chairman Sumner Redstone and COO Tom Dooley also receive smaller pay packages. read more
The newest massive contributor to the University of Southern California is Viacom head honcho Sumber Redstone. The media mogul made a gift to the tune of $10 million dollars to the university's School of Cinematic Arts. [ more › ]
Billionaire Sumner Redstone has donated $10 million to the USC School of Cinematic Arts. The gift will be earmarked to help further the media production education programs at the school, including a state-of-the-art production facil...
I tuned into WAOK AM in Atlanta (owned by CBS Radio and Sumner Redstone), ready to hear Derrick "Fight The Power" Boazman on so he could call SACS "racist" for putting the Dekalb County Schools on probation.Instead we had "Little Obama" on the air. Show More Summary
Viacom (VIAB) Q4 2012 Earnings Call November 15, 2012 8:30 am ET Executives James Bombassei - Senior Vice President of Investor Relations Sumner M. Redstone - Founder and Executive Chairman Philippe P. Dauman - Chief Executive Officer, President and Member of The Board of Directors James W. Show More Summary
CBS (CBS) Q3 2012 Earnings Call November 07, 2012 4:30 pm ET Executives Adam Townsend - Executive Vice President of Investor Relations Sumner M. Redstone - Founder and Executive Chairman Leslie Moonves - Chief Executive Officer, President and Director Joseph R. Show More Summary
It had long been thought that after a falling out with his daughter years ago that Viacom and CBS Corp chairman Sumner Redstone would hand over the keys to his empire to Viacom CEO Philippe Dauman. But the 89-year-old Redstone told the...Show More Summary