Sumner Redstone
Sumner Redstone’s $27M Beverly Park Estate Sells to Local Billionaire’s Son
That was quick! Barely a month after the snazzily contemporary structure first popped up for sale, the longtime 90210 home of media mogul Sumner Redstone has sold in a cash deal — and for $27 million, just $900,000 under the asking price. Located in the exclusive guard-gated community of North Beverly Park, where other homeowners include […]
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Post-Sumner, ViacomCBS Charts Path Led by Shari Redstone
Wall Street observers weighed in on what media mogul Sumner Redstone's death means for ViacomCBS. "Nothing really changes," says one analyst, but calls Shari Redstone its "Queen." And "the drama stage of the Redstone family’s involvement is largely in the past," argues another Wall Street observer.
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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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Redstone Family’s National Amusements Put on Credit Watch Over Coronavirus Impact
S&P Global Ratings has put National Amusements, the holding company controlled by the Redstone family, on credit watch after it drove the merger of Viacom and CBS.
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Frank Biondi Jr., Former Top Executive at HBO, Viacom and Universal Studios, Dies at 74
Frank Biondi Jr., who helped build HBO, Universal Studios and Viacom into entertainment powerhouses during his career, has died. He was 74.
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ViacomCBS Finalizes Post-Merger Executive Ranks Ahead of Deal Closing
As Viacom and CBS reorganize ahead of closing their $30 billion recombination in early December, both media giants have finalized their post-remerger leadership ranks.
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Why This CBS-Viacom Merger Will Be Different From 1999
In early September 1999, Viacom and CBS unveiled a roughly $35 billion stock combination — at the time the largest U.S. media deal ever — which was completed in 2000. They then agreed to separate in 2005 and the separation became effective in 2006. Fast-forward nearly two decades, and the two entertainment companies are recombining.
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First Look: Larry Ellison Partners With Sumner Redstone’s Doctor to Create New L.A. Cancer Center (Exclusive)
Opening in May, the 79,000-square-foot Lawrence J. Ellison Institute for Transformative Medicine at USC, in West L.A., was announced in 2016 along with the Oracle chief's lead donation of $200 million.
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Sumner Redstone Family Settles Legal Battles With Mogul’s Ex-Companion
Sumner Redstone has reached a settlement with his former companion Manuela Herzer, ending a three-year legal battle just days before a second trial over his estate plans was set to begin.
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Sumner Redstone’s Speech Impairment Warrants a Legal Guardian, Judge Rules
The court on Monday granted a request from Sumner Redstone's grandson Tyler Korff to appoint a guardian ad litem to look out for the mogul's best interest.
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Grandson Requests Sumner Redstone Guardian
Sumner Redstone's grandson has asked the court to appoint a guardian ad litem in the legal battle over his estate planning documents, claiming the 95-year-old mogul struggles to communicate and the move will ensure the "integrity" of the proceedings is protected.
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Viacom CEO Predicts Nickelodeon Turnaround, Says “Not Focused” on Big Deal
Viacom CEO Bob Bakish on Monday touted the turnaround outlook for Paramount Pictures and kids network Nickelodeon and said the company was planning three more streaming services, but no "big, transformational deal."
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