“Boardroom drama is intensifying at Viacom Inc. amid questions about the health of Executive Chairman Sumner Redstone, as Wall Street ponders what the struggling media giant might look like without him,” reports The Wall Street Journal. [Note: The WSJ is...
Health concerns continue to swirl around the 92-year old Viacom executive chairman, who holds roughly 80 percent of the voting rights at his company. read more
Content is king – Bill Gates published this article in 1996 on the internet. A few years before this article, Sumner Redstone coined this phrase over an interview. What most of the people remember is Bill Gates article but only … The post A digital marketing agency perspective to content marketing appeared first on - Snyxius.
The ailing 92-year-old Viacom executive chairman is said to believe that Holland, who has generated attention because of her influence over Redstone, was involved with another man. read more
Sumner Redstone’s ex-driver might be cautious on the road, but when it comes to his billionaire boss’s alleged secrets, he’s spilling everywhere and making a huge PR mess. Case-in-point: this Hollywood Reporter story where he claims he delivered at least $1 million in cash to Redstone’s stable of kept women. Read more...
Going public for the first time, a former Paramount employee writes that he took orders from the mogul's girlfriend Sydney Holland to cash huge checks and shuttle money around L.A. over the course of one year. read more
The decision comes after Sydney Holland dropped claims that Heather Naylor stole a laptop containing private photos. read more
Tony Bennett and power lawyer Marty Singer are among those confirmed to attend the event as a feeding frenzy of questions surrounds the frail billionaire, who is turning 92. read more
CBS Chairman Sumner Redstone will not attend the company's annual shareholders meeting next week in New York because of his declining health.
The 91-year-old CBS chairman said in a statement that he will not be able to travel to New York for the May 21 event. read more
The 91-year-old majority owner of CBS and Viacom has spoken out against ongoing rumors of his deteriorating health, insisting that he remains in control of the media giants despite reports to the contrary. In an email exchange with Vanity Fair, the billionaire mogul says his daily routine "hasn't changed much." [...]
Is there a behind-the-scenes battle taking place over who’ll have the juice at Viacom and CBS after Sumner Redstone, who controls both companies through his ownership of National Amusements, leaves the stage? That’s what Vanity FairShow More Summary
Sumner Redstone, the controlling shareholder of CBS Corp. and Viacom Inc., said his ownership in the two media companies will pass to a seven-member trust after he dies. Mr. Redstone, 91, also said... To view the full story, click the title link.
Redstone's statement presumably is a response to stories in the New York Post and Vanity Fair. read more
Succession at two huge media companies -- Viacom and CBS -- has long been a topic of curiosity, particularly as the health of the companies' chairman, Sumner Redstone, has declined in recent years.
"Private and confidential" images of the 91-year-old mogul could have become public in a trial vs. a former MTV star. read more
That is down from $66 million a year prior; Sumner Redstone’s compensation drops from $57 million to $10.8 million. read more
Viacom Inc., the media company controlled by billionaire Sumner Redstone, is suspending stock buybacks for as long as six months to pay for restructuring and acquisitions. The company will take a... To view the full story, click the title link.
In August 2006, it seemed like Tom Cruise was finished. In an announcement unprecedented by the head of a major conglomerate, the chairman of Viacom, Sumner Redstone, publicly ripped into the star, who at the time was one of the most profitable at Viacom's movie studio, Paramount Pictures. Show More Summary