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Sumner Redstone

Latest News

  1. Viacom Posts Higher Quarterly Financials, Exceeds Wall Street Expectations

    2:56 am 5/3/2012

    UPDATED: The entertainment conglomerate, led by CEO Philippe Dauman, faced ratings challenges in its fiscal second quarter, but higher film profits, TV carriage fees and digital licensing deals boosted its results.Read more

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  2. Milken Conference: Sumner Redstone Says He and Tom Cruise Are 'Best Friends' Now

    3:36 pm 5/2/2012

    "He was getting $10 million, on the lot, for doing nothing," the Viacom and CBS executive chairman said of once firing Cruise. He spoke during the annual Milken Institute Global Conference.Read more

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  3. CBS Corp. CEO Leslie Moonves' 2011 Compensation Jumps 21 Percent to $69.9 Million

    12:25 pm 4/13/2012

    UPDATED: Executive chairman Sumner Redstone made an unchanged $20.3 million last year, while his CEO overtook Viacom CEO Philippe Dauman to become the highest-paid Hollywood CEO so far this reporting season.Read more

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  4. Sumner Redstone Receives a Star on the Hollywood Walk of Fame

    6:59 pm 3/30/2012

    The Viacom mogul accepted kudos from friends and colleagues at a ceremony Apr. 30 in front of the Roosevelt Hotel.Read more

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  5. Sherry Lansing Describes Life With Sumner Redstone

    12:13 pm 3/29/2012

    The former Paramount Pictures chairman and CEO pays tribute to her ex-boss as he receives a star on the Hollywood Walk of Fame.Read more

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  6. Sumner Redstone Tells Viacom Shareholders: 'Reports of My Absence From This Meeting Have Been Greatly Exaggerated'

    6:27 am 3/8/2012

    UPDATED: The 88-year-old executive chairman and controlling shareholder, appearing only briefly before being shrouded by a curtain, made good on his promise to attend the annual meeting in New York. Read more

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  7. Sumner Redstone Reverses Course, Will Attend Viacom Shareholder Meeting

    2:28 pm 3/2/2012

    The 88-year-old has adjusted his schedule to travel from Los Angeles to New York. Read more

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  8. Sumner Redstone to Miss Viacom's Annual Shareholder Meeting

    8:31 pm 3/1/2012

    A spokesman cites "an unavoidable conflict" as the reason for the first missed meeting in memory. Read more

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  9. CBS Reports 31 Percent Rise in Profit to $370 Million

    1:17 pm 2/15/2012

    Chief executive Les Moonves predicts big ad bucks over the next 12 months due to a "not very pleasant" political campaign and Super Bowl commercials that could sell for $4 million a spot in 2013.Read more

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  10. Viacom Quarterly Earnings From Continuing Operations Drop 5%

    4:24 pm 2/1/2012

    UPDATED: Revenue rose 3 percent at the entertainment conglomerate "despite short term economic headwinds" and weaker ad momentum, with CEO Philippe Dauman saying the company is "seeing signs of recovery" in ads this quarter and expects to return to ad growth.Read more

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