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
The mercurial mogul is watching nemeses Sumner Redstone and Rupert Murdoch like a hawk as his Lionsgate stock swap and troubles with the Comcast-Time Warner Cable merger keep Hollywood guessing. read more
The 91-year-old executive chairman and controlling shareholder of the company and CBS Corp. has in recent years scaled back his public appearances and recently missed two earnings calls. read more
On the same day that they were pink slipping people at Paramount and Nickelodeon, the Sumner Redstone controlled company was putting a price tag on how much they will shell out to make their interns lawsuit go away. That will be $7,212,500...Show More Summary
In a period of media mega mergers, lots of people believe Sumner Redstone could increase his clout by consolidating — actually re-uniting — his two giants: CBS and Viacom. But CBS chief Les Moonves says he isn’t one of them. “There's been a ton of noise out there,” he told analysts today following the release of his company’s Q4 earnings. Show More Summary
In a dispute where the Viacom and CBS executive chairman was being asked to talk about his relationship with the women of his life, Heather Naylor backs off against Sydney Holland. read more
Sources say that the mogul's mind remains sharp but that he is dealing with mobility issues in line with his age. read more
EXCLUSIVE: This is possibly the most often discussed, and misunderstood, topic among money types from Wall Street to Hollywood. For good reason. Through his 80% ownership interest in theater chain National Amusements, and the magic of...Show More Summary