"Herzer has no ownership rights in the apartment," the judge wrote. "Redstone paid all the money to purchase and maintain the apartment."
Almost two years after Sumner Redstone's former companion Manuela Herzer started the first of several legal actions to get back into the media mogul's life and good graces, today she went after Shari Redstone and her son for at least...Show More Summary
A judge says she probably won’t order a mental competency exam for Sumner Redstone, in a lawsuit over his ritzy Hotel Carlyle apartment.
CBS just turned Sumner Redstone’s former board seat over to Robert Klieger — the lawyer who defended the mogul last year in his battle to oust former Viacom CEO Philippe Dauman — the company says in an SEC filing. Klieger focuses on entertainment and intellectual property litigation at Hueston Hennigan. Show More Summary
Carl Folta could probably make a fortune writing a tell-all memoir of his years running corporate communications at Viacom, where he dealt with countless controversies involving Sumner Redstone and ousted CEO Philippe Dauman. But instead...Show More Summary
“CBS Chairman Leslie Moonves will be dragged into the legal drama surrounding Sumner Redstone after all, as a California judge switched gears after tentatively granting a motion to quash a subpoena served to him,” The Hollywood Reporter’s THR, Esq. reports....
After avoiding being a part of the long on-going court spectacle of Sumner Redstone and his former companions, Les Moonves today was been put in the subpoena spotlight of sorts. First permitting a motion to squish the CBS boss beingShow More Summary
The Milken Institute SPH at George Washington University today announced that the Sumner M. Redstone Global Center for Prevention and Wellness recently received an $800,000 grant from The Kresge Foundation for its Building Community Resilience (BCR) initiative.
To call Viacom's 2016 upfront "chaotic" would be an understatement. With the future of the company very much in doubt (founder Sumner Redstone and then-CEO Philippe Dauman were publicly battling over the firm's future, and Viacom was widely expected to merge again with CBS), last year's upfront approach for Viacom was less about grabbing every...
Media tycoon Sumner Redstone turned his ownership of theaters into an empire that controls MTV, Nickelodeon, and the movie studio that put out last year’s Arrival, Fences, and Zoolander 2. And he’s worth nearly $2.5 billion less than Evan Spiegel, the 26-year-old who founded Snapchat six years ago, when Redstone was 87. On Thursday, investors […]
Sumner Redstone's former companion Sydney Holland, who was sued by the media tycoon in October for elder abuse, has filed a motion asking a Los Angeles Superior Court judge to appoint a panel of medical experts to determine if the 93-year-old...Show More Summary
Deutsche Bank flew too close to the sun; Trump financial regulation pick knows DC; Sumner Redstone's mile high club; and more.
Daughter Shari had already taken control of the family business. She's on the board.
The 93-year-old Sumner Redstone is relinquishing his voting power on the board of Viacom, the massive entertainment conglomerate — in the latest succession drama that has tested relationships among some of the most powerful people in show business. Redstone will continue to hold the title “chairman emeritus,” but will participate in future board meetings of Viacom in […]
Sumner Redstone will no longer be chairman of Viacom.
Sumner Redstone, chairman emeritus and controlling shareholder of Viacom Inc., will give up his vote on the board after the media giant’s next annual meeting. Redstone, 93, will retain his... To view the full story, click the title link.
The 93-year-old mogul will cede his voting position but remain in control of Viacom and CBS through his holding company.
Sumner Redstone will be exiting his position on the board of directors of media giant Viacom in February following the company’s annual meeting, Viacom announced today. “The move marks another milestone for the company that has been in turmoil for...
Media mogul Sumner Redstone will no longer hold a voting role on Viacom Inc.’s board of directors after the company’s annual meeting in February, according to a regulatory filing. Redstone will still serve as chairman emeritus, but will step down from the Viacom board. Redstone, who has been in...
In a move which marks the end of a media era, Redstone will no longer be a voting member of the struggling media company's board of directors.