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Sumner Redstone

Sumner Redstone

Latest News

  1. Disney-Discovery? Fox-Viacom? Michael Wolff Predicts M&A Mania and a New Wave of Consolidation

    7:00 am PDT 04/09/2015
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    A new rush of deals is about to happen as Rupert Murdoch, Leslie Moonves and the rest of media look at content, not advertising, as the new financial engine. READ MORE

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  2. Michael Wolff on Liberty's John Malone: What Is He Actually Hunting?

    7:00 am PDT 03/25/2015
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    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

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  3. Sumner Redstone to Miss Viacom Shareholder Meeting

    7:57 am PDT 03/12/2015
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    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

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  4. CBS All Access Streaming Service Has More Than 100,000 Subs, Leslie Moonves Says

    5:43 am PDT 03/11/2015
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    The CBS topper also tells an investor conference in Florida that the planned Showtime Internet-only service will launch "in the not-too-distant future." READ MORE

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  5. CBS Reports Record Fourth-Quarter Revenue

    1:09 pm PST 02/12/2015
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    The media company said Thursday that it earned 79 cents per share on $3.68 billion revenue. READ MORE

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  6. Why Sumner Redstone's Health Hasn't Concerned Wall Street

    11:30 am PST 02/04/2015
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    Sources say that the mogul's mind remains sharp but that he is dealing with mobility issues in line with his age. READ MORE

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  7. Michael Wolff on Viacom and CBS Post-Sumner Redstone: The Succession Scramble

    7:00 am PST 02/04/2015
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    The 91-year-old mogul missed an earnings call Jan. 29, as his declining health (despite a new baby) raise questions about CBS, MTV, Leslie Moonves, Philippe Dauman and even Rupert Murdoch. READ MORE

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  8. Viacom CEO Philippe Dauman Extends Contract Through 2018

    12:30 pm PST 01/15/2015
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    The president and CEO of Viacom had previously been under contract until Dec. 31, 2016. READ MORE

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  9. Michael Wolff: 8 Hollywood Predictions for 2015

    7:00 am PST 12/18/2014
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    Comcast will offload NBCUniversal, Facebook will air TV shows (even sports) and Rupert Murdoch will "retire" as TV becomes a three-pronged business and digital brands decide channels are their way forward READ MORE

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  10. Michael Wolff on Big Media: Where Are All the CEO Heir Apparents?

    8:00 am PST 11/13/2014
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    As Robert Iger, Leslie Moonves and Philippe Dauman shoot toward retirement age without slowing, the next generation of media leaders sits on the sidelines, Wolff writes for THR READ MORE

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  11. Viacom Plans to Boost Non-Nielsen-Based U.S. Ad Sales to 50 Percent

    6:41 am PST 11/13/2014
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    "Everyone wants our channels," Philippe Dauman says about the appeal of the company's networks despite recent carriage disputes READ MORE

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  12. CBS Quarterly Earnings Exceed Expectations on Political Advertising

    1:09 pm PST 11/05/2014
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    The company posted $3.37 billion in revenue while analysts expected $3.32 billion READ MORE

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  13. Jennifer Lawrence Buys L.A. Home Previously Owned by Jessica Simpson

    12:00 pm PST 11/02/2014
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    The home's current seller was media mogul Sumner Redstone's girlfriend READ MORE

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  14. Analyst Calls for CBS to Reunite With Viacom

    5:34 pm PDT 10/27/2014
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    "A combined company would have a better ability to negotiate carriage," writes Brett Harriss of Gabelli & Co. READ MORE

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  15. How to Live Forever: The (Mad?) Science Hollywood Is Using to "Cure" Death

    10:00 am PDT 09/10/2014
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    It's not just about anti-aging. "Longevity" is the new buzzword as Hollywood embraces all sorts of technology, from an altitude machine favored by tennis star Novak Djokovic to L.A.'s hot new treatment: the very deep freeze READ MORE

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  16. CBS Earnings Fall But Beat Analyst Estimates

    1:13 pm PDT 08/07/2014
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    Like other entertainment conglomerates before it, CBS dramatically increases its share buyback program. READ MORE

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  17. Sumner Redstone Legal Turmoil: Fighting Women, Lie-Detector Tests, Stolen Laptop With 'Private' Photos

    7:00 am PDT 06/25/2014
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    The personal life of the Viacom and CBS executive chairman is probed in litigation between his "jealous" live-in companion and an MTV star who claims her close relationship with Redstone was sabotaged. READ MORE

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  18. CBS Quarterly Earnings Beat Estimates But Revenue Falls Short

    1:13 pm PDT 05/08/2014
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    UPDATED: Shares of CBS were falling as much as 3 percent after the closing bell. READ MORE

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  19. CBS' $67 Million Man: Does Leslie Moonves' Moolah Make Sense?

    5:00 am PDT 04/16/2014
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    A 69 percent stock hike tops media rivals in 2013 as Stephen Colbert's "Late Show" deal hints at bigger profits and Philippe Dauman's Viacom pay lags. READ MORE

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  20. CBS' Les Moonves Salary Rises to $66.9 Million in 2013

    2:08 pm PDT 04/11/2014
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    In 2013, CBS stock rose 69 percent, outpacing the 30 percent made by the S&P 500. READ MORE

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