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Sumner Redstone, Tenacious Media Mogul, Dies at 97
Sumner Redstone, the hard-charging mogul who parlayed his father’s New England drive-in theater business into a media empire that includes ViacomCBS, has died at age 97.
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The Moment the War for Sumner Redstone’s Media Empire Really Began (Exclusive Book Excerpt)
'The King of Content,' a new bio of the 95-year-old media mogul Sumner Redstone, by Keach Hagey, shows how he turned a small theater chain into the Viacom empire and planted the seeds for the current fight.
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Sumner Redstone’s Grandson Rips RICO Lawsuit Filed by Mogul’s Ex-Companion
The mogul's grandson, Tyler Korff, argues that Redstone companion Manuela Herzer is essentially poaching irrelevant claims from settled lawsuits filed by ex-Viacom CEO Philippe Dauman and board members.
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Viacom Names Bob Bakish Permanent CEO
The news comes after Viacom and CBS Corp. controlling shareholder National Amusements withdrew its call for the two companies to explore a recombination.
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Philippe Dauman Exits Viacom Early as Potential Showdown With Paramount’s Brad Grey Looms (Exclusive)
Acting CEO Thomas Dooley says the film studio chief's contract "has not been breached" but language in a regulatory filing opens the door to increased oversight of the studio.
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Philippe Dauman Entitled to $58M Viacom Severance Payment, Board Summons Paramount Management
The company in a regulatory filing says Paramount management will provide the Viacom board with a business update and may face more board oversight.
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Ousted Viacom CEO Philippe Dauman Awarded $12.9M in Stock
The departing executive will continue as non-executive chairman until Sept. 13.
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What New Viacom CEO Tom Dooley Must Do
"While some investors may view Dooley as an extension of Dauman, we think he will be more aggressive around putting the business on a better track and have a favorable view," says one analyst.
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Redstone Family Prevails in Fight for Viacom, Philippe Dauman to Exit
The chief executive has officially been stripped of his duties, ending a months-long legal battle with founder Sumner Redstone for control of the media giant. Longtime exec Tom Dooley takes over on an interim basis.
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Viacom, Sumner Redstone Close to Deal Ousting CEO Philippe Dauman
The media giant's board has given preliminary approval on a deal that would give Dauman an up to $90 million exit package, according to a person familiar with the discussions. The settlement would put an end to a hard-fought legal battle that began in June when Redstone sought to kick Dauman and four other directors off of Viacom's board.
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Viacom Controlling Company Slams CEO Philippe Dauman After Earnings
In the statement issued Thursday, National Amusements lists specific ways Viacom has failed.
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Viacom Beats Lowered Financial Expectations
At the top of a conference call with analysts, CEO Philippe Dauman noted the "controversy related to governance" at Viacom and spoke of a "potential partnership" for Paramount.
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