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Sumner Redstone

Latest News

  1. How Sumner Redstone's Lady Friends Scored Millions of Dollars

    6:25 am 2/10/2016

    Manuela Herzer's ejection from the mogul's life cost her a $50 million inheritance, plus his mansion and a key role with the Redstone Charitable Foundation, which has opened many doors (and bank accounts) for his companions.Read more

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  2. Leslie Moonves Addresses CBS Promotion During Super Bowl 50 Interview

    6:55 pm 2/4/2016

    "I'm very pleased that Sumner Redstone handed the reins to me," said the new chairman, who called the appointment a great "honor" and "privilege."Read more

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  3. Shari Redstone Will "Advocate" for Viacom Shareholders, Rep Says

    8:34 am 2/4/2016

    Sumner Redstone's daughter will remain vice chair of the company.Read more

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  4. Shari Redstone: Father’s "Health Flourished" After Manuela Herzer Was Forced Out

    12:32 am 2/4/2016

    In a declaration, she says Sumner Redstone also wants her to be consulted on health care-related decisions and says "my family was effectively prevented from having meaningful access to my father."Read more

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  5. Sumner Redstone Resigns as CBS Exec Chairman

    1:12 pm 2/3/2016

    CEO Leslie Moonves is stepping into the role. Viacom, where Redstone remains executive chairman, said its board of directors will meet Thursday.Read more

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  6. Viacom CEO Philippe Dauman "Fighting for His Life"

    5:06 pm 1/26/2016

    Dauman — whose pay has increased to $54 million as the media giant's stock price has gone down — controls the company's board but not a trust that will take over for Sumner Redstone as shareholders, Shari Redstone and Sumner's ex put him in a fight for his executive life. Read more

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  7. Activist Shareholder Readies Another Salvo at Viacom After CEO Pay Revealed

    4:21 am 1/25/2016

    Philippe Dauman was paid $54.15 million in fiscal 2015, a compensation package that shareholder Eric Jackson of SpringOwl Asset Management calls "egregious."Read more

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  8. Activist Shareholder Criticizes Viacom With Online Slideshow

    3:37 pm 1/19/2016

    "Oh la la! C'est trop cher!" says one slide that compares CEO Philippe Dauman's salary to that of his peers.Read more

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  9. Sumner Redstone Offered to Buy Daughter’s Stake in National Amusements for $1B (Report)

    12:51 am 12/21/2015

    Shari Redstone rejected the deal, which would have required her to give up her right to become chair of Viacom and CBS.Read more

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  10. Michael Wolff: What Will Happen When Sumner Redstone’s Empire Goes Up for Grabs

    5:30 am 12/16/2015

    In 2016, a scramble for control of Viacom Inc. and CBS Corp. could lead to a sale of one or both companies and new power for daughter Shari Redstone.Read more

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