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Sumner Redstone

Sumner Redstone

Latest News

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

    7:15 pm PST 02/04/2016
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    "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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  2. Shari Redstone Will "Advocate" for Viacom Shareholders, Rep Says

    9:02 am PST 02/04/2016
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    Sumner Redstone's daughter will remain vice chair of the company. READ MORE

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

    1:46 am PST 02/04/2016
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    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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  4. Sumner Redstone Resigns as CBS Exec Chairman

    1:12 pm PST 02/03/2016
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    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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  5. Viacom CEO Philippe Dauman "Fighting for His Life"

    6:00 am PST 01/27/2016
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    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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  6. Activist Shareholder Readies Another Salvo at Viacom After CEO Pay Revealed

    12:49 pm PST 01/25/2016
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    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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  7. Activist Shareholder Criticizes Viacom With Online Slideshow

    4:29 pm PST 01/19/2016
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    "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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  8. Sumner Redstone Offered to Buy Daughter’s Stake in National Amusements for $1B (Report)

    6:47 am PST 12/21/2015
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    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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  9. Michael Wolff: What Will Happen When Sumner Redstone’s Empire Goes Up for Grabs

    5:30 am PST 12/16/2015
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    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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  10. Viacom CEO Speaks Out About "Misinformation," "Hyperventilation" Surrounding Sumner Redstone

    9:35 am PST 12/07/2015
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    Philippe Dauman at the UBS Global Media and Communications Conference in New York calls for "decency" in talk about the executive chairman's health and says he talks to and meets with him regularly. READ MORE

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  11. Viacom's Second Largest Shareholder Floats Studio Merger, Says Redstone Is Too "Salacious" for Hollywood

    5:13 pm PST 12/03/2015
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    "The mind is working but the body is not? At least discuss it. Tell everybody what's going on," Mario Gabelli says of his call for a disclosure on the executive chairman's mental state. READ MORE

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  12. Major Viacom Shareholder Wants Alibaba to Buy a Stake in Paramount

    12:45 pm PST 12/03/2015
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    Mario Gabelli owns the second-largest block of voting shares in Viacom, and he has suddenly become a very vocal, activist shareholder. READ MORE

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  13. Viacom's Second Largest Shareholder Calls for Disclosure of Sumner Redstone's Mental Capacity

    12:17 pm PST 12/02/2015
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    Mario Gabelli's request comes on the heels of a legal battle involving Redstone's former girlfriend, Manuela Herzer, and trustees. READ MORE

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  14. War Over Sumner Redstone: How His Ex's Lawsuit Sets Up a Trust Battle

    7:40 am PST 12/02/2015
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    As the frail billionaire's ex Manuela Herzer sues claiming he's incompetent, the legal fight may impact when his trustees take control of CBS and Viacom, with a media empire hanging in the balance. READ MORE

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  15. Sumner Redstone Won't Immediately Undergo Examination In Healthcare Legal Fight

    2:26 pm PST 11/30/2015
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    The mogul's ex filed Wednesday to be put in charge of his healthcare, declaring him mentally incompetent, and wanted him medically examined this week. READ MORE

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  16. Sumner Redstone: Sad New Claims and What's Next in the Fight

    6:24 pm PST 11/25/2015
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    The mogul's ex paints a picture of Redstone in decline ("obsessed" with sex and steak, "a living ghost") in new court documents over who will care for him, while others deny the depiction ("engaged and attentive," says Viacom CEO Philippe Dauman). READ MORE

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  17. Who Knew? Daughter of Sumner Redstone's Ex Is Star of His Network's 'Madam Secretary'

    10:00 am PST 11/13/2015
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    Kathrine Herzer, real-life daughter of Redstone's ex-companion Manuela Herzer, plays Tea Leoni's onscreen daughter on the CBS series. READ MORE

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  18. New Twist in Sumner Redstone Soap Opera: Daughter, Ex-Companion on Verge of Fight Over Mental Competency

    7:00 am PST 11/04/2015
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    As the Viacom mogul's health is said to be in decline and Shari Redstone asserts more control over his care, she might face a challenge from former flame Manuela Herzer. "We are monitoring this fluid situation on a daily basis," says Herzer's new lawyer READ MORE

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  19. Sumner Redstone Took a Mental Competency Test Last Month (Report)

    7:46 pm PDT 10/06/2015
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    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

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  20. New England Patriots Owner Robert Kraft Quits Viacom Board

    4:33 pm PDT 08/07/2015
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    Viacom stock is off 39 percent so far this year. READ MORE

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