Rob Moore, the No. 2 executive at Paramount Pictures, was a principal architect of its underperforming film slate and disagreed with Sumner Redstone on a proposal to sell part of the studio.
The battle for control of Viacom is over, but shareholders have nothing to celebrate yet. Viacom’s non-voting stock (VIAB) at $36 (and change) has lost almost 19% since my June 6 article, and now trades at an 11% discount to the company’s voting shares (VIA). Show More Summary
WARNING GRAPHIC CONTENT Viacom billionaire Sumner Redstone is having the worst year ever! Just over three months after RadarOnline.com released tapes of him begging a former lover to join… READ ON
Shari Redstone has taken control at Viacom Inc. after vanquishing challengers. Now comes the hard part: deciding what to do with all that power. The daughter of 93-year-old billionaire Sumner... To view the full story, click the title link.
Sumner M. Redstone has agreed to meet with his granddaughter, who joined a lawsuit against him, another step toward ending a persistent family feud.
The protracted legal battle within the Redstone family, which controls Viacom and CBS Corp., appears to finally be over, but not before patriarch Sumner Redstone faced a court showdown today with his granddaughter. “A settlement ending the bitter battle over...
A settlement ending the bitter battle over media mogul Sumner Redstone’s mental competency and the future of Viacom Inc. received the blessing of a Massachusetts judge on Friday — but not until after an intervention to mend a rift within the famously fractious Redstone family. Rather than quickly...
By Ross Kerber and Jessica Toonkel CANTON, Mass. (Reuters) - The granddaughter of Viacom Inc's controlling shareholder Sumner Redstone has agreed to let a Massachusetts court dismiss claims brought by former company leaders, a step that will help end a battle over the fate of the media empire. Show More Summary
Sumner Redstone will meet face-to-face with his granddaughter Keryn as part of a wide-ranging resolution of several disputes raised at the Massachusetts Probate and Family Court. The agreement also cleared all objections to former Viacom...Show More Summary
Massachusetts Probate and Family Court Judge George Phelan asked lawyers for Sumner Redstone, his daughter Shari Redstone, and granddaughter Keryn Redstone to try to work out a deal with remediation to resolve disputes over Keryn’s role...Show More Summary
BOSTON (Reuters) - A Massachusetts probate court judge said Friday he has "some concerns" about how much information was being given to Sumner Redstone, the controlling shareholder of Viacom Inc. Judge George Phelan made the remark during...Show More Summary
Sumner Redstone and his National Amusements (NAI) theater chain asked a Massachusetts court today to dismiss a plea by his granddaughter, Keryn, to investigate last week’s deal to settle lawsuits by former Viacom CEO Philippe Dauman. In...Show More Summary
The daughter of Sumner Redstone achieved almost total victory in her fight to control the vast media empire, and Mr. Dauman was the biggest casualty.
Viacom confirmed on Saturday that chief executive Philippe Dauman will leave on 13 September after his bitter dispute with owner Sumner Redstone. Now, a Securities and Exchange Commission filing has revealed how Dauman's estimated $72...Show More Summary
A regulatory filing this morning by Viacom confirms and reveals details of Philippe Dauman’s $72 million-plus settlement package with controlling shareholder Sumner Redstone. The deal includes a severance payment of &58 million, with...Show More Summary
So what should Viacom do now? That’s the big question on Wall Street today as investors digest the agreement, completed over the weekend, that re-affirms Sumner and Shari Redstone’s power at the entertainment company. It ends two lawsuits...Show More Summary
Viacom's infighting is finally over. Now it's time for the company's real work to begin. After months of battling over the future of Viacom, Sumner Redstone has officially prevailed over Philippe Dauman, who has resigned as president...Show More Summary
Sumner Redstone’s granddaughter, Keryn Redstone, did not participate in Viacom’s boardroom settlement, and would like an opportunity to weigh in, according to court papers filed Monday morning. Late last week, Viacom’s board approved an agreement with National Amusements Inc., the investment firm...
With the formal and well-paid exit of Philippe Dauman last week, the Viacom civil war looks over but the Battle of the Redstones may just be about to boil up if Sumner Redstone’s granddaughter has her legal way in what she calls a “palace...Show More Summary
In his 2010 autobiography, billionaire media mogul Sumner Redstone credited Tom Dooley for playing “a major role in my early education at Viacom. ...