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Sumner Redstone

Sumner Redstone

Latest News

  1. Questions Surround Viacom as It Readies Earnings Report

    6:00 am PDT 04/27/2016
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    Box-office disappointments and Redstone legal troubles overshadow its rising stock values. READ MORE

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  2. Shari Redstone's Power Play that Could Prevent a Paramount Sale

    6:30 am PDT 04/20/2016
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    Sumner’s daughter ups pressure on Viacom chairman Philippe Dauman as a board battle looms and a Redstone granddaughter tries to join the messy health care fight. READ MORE

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  3. Sumner Redstone Might Not Want to Sell Paramount After All

    3:52 pm PDT 04/11/2016
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    The mogul was reportedly not happy about the prospect of selling off a portion of the iconic film studio. READ MORE

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  4. Philippe Dauman Out as Health Agent to Sumner Redstone

    3:53 pm PDT 04/06/2016
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    Settlement discussions have been going on for a week. READ MORE

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  5. 'Daily Show' Host Trevor Noah Slams CBS Chief Leslie Moonves for Donald Trump Comments

    3:44 am PDT 03/22/2016
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    Noah's remarks were pointed, as both CBS and Viacom-owned Comedy Central are controlled by Sumner Redstone's National Amusements. READ MORE

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  6. Viacom Board Re-Elected, Voting Rights Proposal Defeated by "Substantial" Majority, Even Excluding Redstone Vote

    10:18 am PDT 03/14/2016
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    Vice chair Shari Redstone attended Monday’s event in Miami, which was the conglomerate's first since CEO Philippe Dauman added the chairman title. READ MORE

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  7. Battle Over Sumner Redstone's Empire Heads to Trial

    6:00 am PST 03/02/2016
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    A Los Angeles judge has set a May 6 date for a case that could determine who will control the 92-year-old mogul's health care, massive fortune and prized media holding. READ MORE

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  8. Court Documents Reveal Sumner Redstone's Funeral Plans

    7:05 pm PST 02/18/2016
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    He wants Leslie Moonves to give a eulogy at his funeral and offered his daughter 16 cemetery plots to stay out of the planning, according to new court docs filed by his companion, Manuela Herzer. READ MORE

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  9. Read Leslie Moonves' First Memo to CBS Employees Since Replacing Sumner Redstone as Executive Chairman

    2:19 pm PST 02/18/2016
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    "The opportunities are huge, and there is no company more ready to capitalize on them than we are," the executive chairman wrote. READ MORE

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  10. Hollywood Flashback: When Sumner Redstone Was 42 and Not Yet a Mogul

    12:00 pm PST 02/18/2016
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    Redstone, who is stepping down as executive chairman of CBS and Viacom, got his showbiz start at his father's drive-in before making his way into the theater business: "He was a brilliant exhibitor and tough as nails," recalls former Warner Bros. domestic distribution chief Dan Fellman. READ MORE

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  11. Michael Wolff on Viacom: How the Philippe Dauman-Shari Redstone War Will Go Down

    6:55 am PST 02/10/2016
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    Sumner's daughter wants the newly appointed executive chairman out (and a possible sale of the company), but she'll need to tread carefully as the board, the trust and Dad's ex-girlfriend could get in the way of her plans. READ MORE

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

    6:25 am PST 02/10/2016
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    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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  13. 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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  14. 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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  15. 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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  16. 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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  17. 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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  18. 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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  19. 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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  20. 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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